Technical analysis by The_Trading_Wizard_ about Symbol JUP: Buy recommendation (7/26/2024)

Jupiter broke the downtrend line initiated on April 1, making a bullish divergence in the RSI on the daily time frame and piercing the MAs with some bullish strength.Jupiter has immense potential, and I believe in US$ 1.30 in the short term, and US$ 1.80+ in the medium term, I will update the analysis over time.I will close my jupiter long if we lose our daily SMMA (red line), but will hold my spot position for long term. Bitcoin showing some bearish strenght after have tested the 70K area, and altcoins will be affected by this in short term