This week, the Jupiter token (JUP) exhibited a strong upward trend, with its trading range defined by an immediate resistance level at $1.84 and a support level at $1.25. The ongoing bullish momentum suggests that JUP may soon surpass the $1.84 resistance. Conversely, should market sentiment take a turn, the $1.45 level will serve as […]
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- JUP token sees a bullish trend, eyeing $1.84 resistance.
- Controversial CWG budget proposal sparks community backlash.
- 4-hour chart JUP indicators suggest a potential market reversal for JUP.
This week, the Jupiter token (JUP) exhibited a strong upward trend, with its trading range defined by an immediate resistance level at $1.84 and a support level at $1.25. The ongoing bullish momentum suggests that JUP may soon surpass the $1.84 resistance.
Conversely, should market sentiment take a turn, the $1.45 level will serve as a critical juncture to monitor for any downward adjustments. As of press time, JUP is trading at $1.68, marking a 2.98% rise over the past 24 hours, as per CoinStats.
JUP/USD 1-Day Chart (Source: CoinStats)
The daily trading dynamics further reveal an intriguing pattern. Opening at $1.63, JUP faced a downturn to an intraday low of $1.51, marking it as the day’s support level. However, a swift recovery ensued, driven by bullish momentum that escalated the price to an intraday peak of $1.70, now serving as the immediate resistance level.
In tandem with the price surge, Jupiter’s market capitalization experienced a 3.46% increase,…
The post JUP Bulls Rally Amid CWG Budget Drama: Is a Breakout Looming? appeared first on Coin Edition.
