Jupiter (JUP) is riding a rollercoaster of volatility, with its price showing mixed action. 🎢 Despite a recent 9% correction last week, JUP still managed to climb 14.26% in the past month, hinting at potential bullish momentum. 🚀📈
📊 TradingView: JUP/USDT
• The Simple Moving Average (SMA) is teetering on the edge of a bullish convergence, signaling a possible upward move for the token. 🟢 Moreover, the MACD indicator shows a steady decline in the red histogram, while the averages are on the brink of a bullish crossover. This points to a positive outlook in the near term. 🔮
🔮 Scenarios to Watch:
• Bullish Reversal: If the bulls take control, JUP could break past its $0.8445 resistance and aim for the next target at $1.160! 🚀💰
• Bearish Retest: However, if the bears regain strength, JUP may retest its support level at $0.540. 🐻⬇️
With key indicators aligning, the possibility of a bullish run is rising, but keep a close eye on market movements! 🌟
#WeAreAllSatoshi #moonbix #U.S.UnemploymentNewLow #HBODocumentarySatoshiRevealed #SECAppealRipple