Technical analysis by CryptoNuclear about Symbol JUP: Buy recommendation (7/7/2025)

🧠 Detailed Technical Analysis:Jupiter (JUP) is currently forming a classic bullish reversal pattern – the Falling Wedge – after months of consistent downward pressure. Since December 2024, JUP has been trending inside a narrowing range of lower highs and lower lows, and it's now approaching a potential breakout zone.📊 Pattern in Focus: Falling Wedge – A Powerful Bullish Reversal SetupThe Falling Wedge consists of a converging downtrend with declining volatility.This pattern typically signals a loss of bearish momentum and often precedes a sharp upside breakout.If confirmed, a breakout can lead to a strong bullish impulse wave with significant gains.🔍 Key Levels to Watch:✅ Major Support Zones:$0.3018 – Historical low and critical defense level$0.4453 – $0.4883 – Current consolidation base🚀 Key Resistance Targets (Post-Breakout):$0.6089 – First resistance after breakout$0.7213 – Mid-level resistance$0.8075 – Key breakout zone before bullish expansion$1.1158 – $1.3701 – Primary medium-term targets$1.4400 – All-time high and psychological resistance🔼 Bullish Scenario (High Probability Setup):If JUP breaks above the falling wedge resistance and clears $0.4883:✅ A bullish rally could target $0.6089, followed by $0.7213 and $0.8075✅ If strong momentum follows, JUP might extend gains towards $1.1158 – $1.3701✅ Watch for breakout confirmation with high volume and potential retest of the breakout zone🔽 Bearish Scenario (Risk to Consider):If price gets rejected and breaks below $0.4453:❌ Downside may resume toward $0.3600 or even retest $0.3018❌ This could either lead to a prolonged downtrend or form a double bottom base for a future reversal💡 Conclusion & Strategy:JUP is at a critical technical juncture. The Falling Wedge formation is one of the most reliable bullish reversal signals.This setup offers a great risk-reward opportunity for traders watching for a confirmed breakout.📌 Breakout = Golden Opportunity📌 Breakdown = Be Cautious & ReassessAggressive traders may look to accumulate near $0.44–$0.48 with tight stop-losses.Conservative traders should wait for a breakout + retest for confirmation before entering.#JUP #JUPUSDT #CryptoBreakout #FallingWedge #TechnicalAnalysis #AltcoinSetup #CryptoChart #BullishSetup#AltcoinWatch #SwingTradeSetup #CryptoStrategy