Technical analysis by karaco2022 about Symbol JUP: Buy recommendation (5/9/2025)

JUP Technical Analysis – Daily Timeframe Currently, JUP is in a corrective phase. To confirm a trend reversal, the price needs to break above the key resistance at $0.60 with strong momentum. 🔸 There is a possibility of a move toward this level and even a false breakout, but for a safer entry, a valid breakout with strong volume is preferred. If the price fails to break this resistance, a pullback toward lower support levels may occur: The first support lies around $0.47 on the 4-hour timeframe. In a more bearish scenario, the price might drop to the daily support at $0.40, which is roughly 25% below the current level. 🔄 However, a bullish reaction from these support zones could potentially reignite the upward trend. 📝 This analysis will be updated as the chart develops. Stay tuned.Upon reaching the aforementioned resistance, there is a possibility of correction for this currency. If you make a profit, it is better to save your profit because there is a possibility of correction.