Technical analysis by Wolftrader1337 about Symbol JUP: Buy recommendation (7/24/2025)

JUPUSDT ### **📊 Chart Overview – JUPUSDT (4H):** * **Current Price:** \$0.5415 * **Recent Action:** Price dropped sharply from \$0.668 and is now testing a **key support zone around \$0.54 – \$0.55**. * **Key Supports:** * **\$0.545 – \$0.54 (current zone).** * **\$0.504 – \$0.50 (next support).** * **\$0.466 (major support).** * **Resistance Levels:** \$0.60 and \$0.668. --- ### **🔍 Technical Breakdown:** 1. **Trendline Resistance:** * A descending red trendline is currently capping upside movement. * Price needs to **break and close above \$0.57 – \$0.60** for bullish momentum. 2. **Bullish Scenario:** * If \$0.54 holds as strong support, we could see a **bounce towards \$0.60 – \$0.65**. 3. **Bearish Scenario:** * A breakdown below **\$0.54** might push the price down to **\$0.50** or even **\$0.466**. --- ### **📌 Summary:** JUP is at a **critical support**. The next 1–2 candles on the 4H chart will decide if it bounces or dips toward the \$0.50 level. --- ⚠️ **Disclaimer:** *This analysis is for informational and educational purposes only. It is not financial advice. Always do your own research (DYOR) and manage risk appropriately.*