Jupiter price expectations: Jup Death Cross, which indicates the risk of withdrawal forward
In an unexpected development after the last upscale boom, Jupiter (JuP), the distinctive symbol behind the Solana -based decentralized exchange complex.
This technical indicator, along with the relative strength index of the distinctive symbol (RSI), which approaches the peak purchase area, indicates that JuP may prepare to correct or a period of monotheism.
Jupiter (Job) increase prices
Jupiter tops the headlines with its strategic initiatives that aim to enhance the value and benefit of the symbol.
The permissible founder, Meow, announced at the Conference of Jupiter Community, Catstanbul 2025A huge plan to burn 3 billion Job symbols, which reduces the total width from 10 billion to 7 billion.
This step has been completed with a re -purchase strategy where 50 % of the platform will be used to re -purchase front codes, which are enhanced by more Moncheott gainIt is Mimkequin for launch, which witnessed a great jar with the official launch of Memecoin Trump.
It is worth noting that the Declaration of Burning and Distinguished Return Badly comes a week after Jupiter Declare The largest Airdrop user in history to 2m qualified wallets.
These developments increased the price of 40 %, which prompted the price of JuP to $ 1.26 before stabilizing at $ 1.23 at the time of reports.
Pope price: technical indicators
Despite the current upward position, the plans tell a warning tale. Death Cross, a declining technical pattern, appeared with the moving intermediate crossing for 50 days without the moving average for 200 days on the daily chart in JUP.
Historically, this pattern indicates that the long -term downtown may be on the horizon or, at least, indicates a significant risk of decrease after a period of rapid gains.
The market reaction to this technical development can be multi -faceted. On the one hand, investors and merchants indicate that the immediate bullish path may lose momentum.
On the other hand, it is a reminder that even in the aftermath of positive basic news, market corrections can occur to reorganize prices of basic value or to cool the frantic speculation.
This is usually a healthy adjustment, allowing a more sustainable growth path in the future, instead of a sudden end to the upward trend.
In addition to the warning signals, the RSI’s JuP currently hovers about 66 years, close to what traders often consider the excessive face sill of 70.
This indicates that the distinctive symbol has witnessed a great pressure in the purchase, which may lead to a scenario as sellers may intervene to achieve profits, which leads to a decrease in the price.
Although RSI alone does not guarantee low prices, its current level, in addition to the death cross, draws a picture of a market that may ripen to correct.
In the event of a correction, investors should see the support level at $ 0.8, which may see the value of the distinctive symbol to $ 0.7 if breached.
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