performance led to a downward channel
Price Action Overview Of Jupiter (JUP)
A look at Jupiter's chart showed that 2024 was delightful for the JUP's investors. Starting from Feb-end of 2024, showed major development on the chart from the demand zone at the $0.49 level.
As the price advanced higher by more than 330% and peaked at $1.84 by March-end and gave a strong performance in the first quarter. However, the beginning of the second quarter was drastic, as the price slipped and violated the uptrend by formulating lower low peaks.
The performance led to a downward channel over the daily chart, where it ideally followed the top border and lower border sharply.
The last time, on July 5th, the price struck the lower border, and as a result, it bounced back. Since then, it's followed a support level of 0.7265 and has not cracked down to the demand zone yet.
Therefore, major bullish indicators signify further bullishness, and so does if bullishness prevails on the daily chart. In that case, the $1.20 level could be worth monitoring, as above this level, a Change of Character is present followed by the breach of the upper border.
A look at Jupiter's chart showed that 2024 was delightful for the JUP's investors. Starting from Feb-end of 2024, showed major development on the chart from the demand zone at the $0.49 level.
As the price advanced higher by more than 330% and peaked at $1.84 by March-end and gave a strong performance in the first quarter. However, the beginning of the second quarter was drastic, as the price slipped and violated the uptrend by formulating lower low peaks.
The performance led to a downward channel over the daily chart, where it ideally followed the top border and lower border sharply.
The last time, on July 5th, the price struck the lower border, and as a result, it bounced back. Since then, it's followed a support level of 0.7265 and has not cracked down to the demand zone yet.
Therefore, major bullish indicators signify further bullishness, and so does if bullishness prevails on the daily chart. In that case, the $1.20 level could be worth monitoring, as above this level, a Change of Character is present followed by the breach of the upper border.
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