The price of JUP showed promising signs of recovery ascending after the bounce of the main support level. The prominent trader bitgaru subscriber on the X that JuP has wore a strong support of $ 0.9285, indicating a possible ascending momentum.
Analysts are now watching the resistance level of $ 1.01 to determine whether the JUP price will maintain its upward direction. A break above this resistance may see that the price moves about $ 1.0666, which enhances the continuation of the current upward trend.
Jupiter’s work analysis
The price of the JUP has started its last upward movement at about $ 0.9783, leading to a sign of $ 0.9985. This represents the first bullish peak in the cycle. However, the cryptocurrency and then witnessed a slight decrease, raising the price to $ 0.9792.
This decrease represents a brief declining correction, as sellers temporarily controlled, although the decline was not significant. The JUP price soon found the support at $ 0.9285, a major level set by BitGuru, and the opposite direction, indicating the signs of bullish recovery.
Market morale and expectations
The overall feelings of the market are still noisy after recovering from the support area. While the cryptocurrency has faced some decline along the way, it caught its attention from $ 0.9285 to its capabilities for more upscale movement.
Analysts believe that if JUP is able to exceed the resistance of $ 1.01, there may be a more extension raising about $ 1.0666 in the cards. However, if the price fails to break this resistance, the market may see a period of monotheism or another decline before the next step.
With the current momentum, The JUP price indicates optimism Among the merchants. The next few trading sessions can reveal whether JUP can create a clear path over $ 1.01 resistance, ultimately confirming the continuation of the upward trend.
Also read: Crypto Analyst “The Truth” reveals on ONYXCOIN, and updates the prediction at the XCN price
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