The price of Jupiter is gaining Steam because it maintains the main support level, as people talk about a possible outbreak. The distinctive symbol is now at $ 0.7334, an increase of 8.60 % today. The market feels more positive after repurchase ads, adding noise around the jump.
Supreme analyst AMCRYPTO talked about the power of JUP on X, indicating that it remains within the powerful support area again. He also pointed out that re -purchases are scheduled to start as Jupiter exceeded the pump in 24 -hour revenue, which indicates the increasing market activity. In response, traders are closely monitoring with the approaching price of the JuP of the trend resistance, which is the main technical level that can determine its next step.
Technical Analysis: Job is approaching the resistance after obtaining strong support
The price of JUP shows a lower -term pattern, with low levels and a falling resistance line. But the distinctive symbol continues to bounce its support area, and it appears that buyers are interested at lower prices.
The graph indicates that the JUP price is now moving towards resisting the trend line, which is a level rejection level in advance. If the resistance violates, analysts believe it can reach $ 1.20 – 1.50 dollars. But if the resistance continues, it may decline to the support zone before moving significantly.
Beainbacks pays optimism in the market
Enter the re -purchases of the JUP. Orbit.jup shared an update on X showing that 5.5 million Job’s symbols have already been collected since the start of re -purchases. This indicates that market participants are actively gaining Job, which enhances confidence in the potential upward upward movement.
Usually, re -purchases pay prices by lowering the supply, which may enhance the demand. With the JUP price approaching its resistance level, traders are monitored to see if this higher demand will help the distinguished symbol penetrate the current declining direction.
Market expectations: Will the price be broken the declining direction?
Jupiter worked at a critical turnWith re -purchases providing additional support. If the distinctive symbol penetrates the descending trend line, it may indicate the beginning of a new upward stage. However, failure to bypass this resistance may lead to another retreat towards the support zone, which may provide another accumulation.
With the increased JuP revenue over 24 hours and the continuous re -purchases, the market is waiting for a decisive step. Traders and investors will closely see the price movement in the coming days to determine whether the JuP price can maintain its momentum and reverse the broader downward trend.
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