#JUP is rallying after finding support in mid to late February.
Sunday's bullish four-hour gap from $0.6156 to $0.6068 could offer support. This level overlaps with consolidation before Saturday's aggressive run on bulls' stops into February 29th's bullish daily gap.
If this support breaks, $0.5831 might offer the following support. Bulls rejected bears twice at this level on Saturday after the price dipped into Thursday's four-hour gap and accumulation candles.
Suppose the price fails to rally from these levels near Wednesday's weekly AMA and team update. In that case, traders may anticipate consolidation until next week. Next week's opening could confirm a new bullish weekly gap that can offer more substantial support.
The past price action offers few precise resistance levels above. This lack of clear historical orderflow increases the odds of a significant bullish move as traders invest BTC profits in altcoins, prompting irrational price discovery.
Bears did reject bulls at $0.6617 on January 31st, which could see profit-taking. Extensions from recent consolidations and stop runs suggest that approximately $0.6917, $0.7207, $0.7655, and $0.7786 might see some profit-taking from bulls.
