Jupiter (JUP) is exhibiting a massive spike in volatility on the 1-hour chart. Following a strong rally to a 24-hour high of 0.1813, the price is currently undergoing a sharp correction, testing the short-term moving averages as it seeks to establish a new higher low.
Current Price: 0.1726
Support Zone: 0.1670 to 0.1695
Target 1 TP: 0.1813
Target 2 TP: 0.1900
Stop Loss SL: 0.1640
Suggestion
The price has successfully reclaimed the MA99 (0.1695) and MA25 (0.1674), which is a bullish structural shift. However, the current red candle indicates a rejection at the MA7 (0.1761). If JUP can hold the 0.1695 level during this pullback, it remains in a strong position for a second leg up. Watch for a bounce from the MA99 for a potential long entry.