$JUP could be heading toward $0.22… Is the worst still ahead?

Jupiter (JUP) has dropped 21.8% from its $0.388 high, and the chart is showing warning signs. 👀

Despite YOLO recording over $1 BILLION in trading volume after its October 15 beta launch, JUP's price action remains weak.

Here's what I'm watching:

🔴 $0.29 is the immediate demand zone under pressure.
🔴 A breakdown below $0.275, followed by a failed retest, could open the door to further downside.
🔴 $0.32 has flipped into resistance, making recovery difficult for now.

My trader's perspective: 📉

With Bitcoin pulling back toward $80K, JUP could face more selling pressure over the coming week.

If $0.275 breaks convincingly, the next downside target could be $0.25, followed by the major daily demand zone near $0.22.

But remember, $0.29 could still trigger a relief bounce. A strong reclaim of $0.32 would weaken the bearish setup.

I'm watching the breakdown and retest rather than blindly shorting support.

Will JUP defend $0.29, or are we about to see another leg down toward $0.22? 🤔

#JUP #Jupiter