🔥 $JUP /USDT: BEARS STILL DOMINATE — CAN BUYERS DEFEND THE $0.2370 SUPPORT?
$JUP is showing bearish pressure on the 1H chart, currently trading at $0.2417 (-0.82%) after facing rejection from the $0.2642 swing high and forming a clear sequence of lower highs and lower lows. However, the recent bounce from the $0.2371 support suggests buyers are attempting to regain momentum. The immediate resistance stands at $0.2477, followed by $0.2525; a strong breakout above these levels with increasing volume could trigger a bullish recovery, while a breakdown below $0.2371 may expose the $0.2357 support zone. With 24H volume at $1.41M USDT, traders should watch for a liquidity sweep, bullish CHoCH, and volume-confirmed breakout before considering long entries. The key question: Is JUP preparing for a reversal or another bearish leg?
#JUP
$JUP is showing bearish pressure on the 1H chart, currently trading at $0.2417 (-0.82%) after facing rejection from the $0.2642 swing high and forming a clear sequence of lower highs and lower lows. However, the recent bounce from the $0.2371 support suggests buyers are attempting to regain momentum. The immediate resistance stands at $0.2477, followed by $0.2525; a strong breakout above these levels with increasing volume could trigger a bullish recovery, while a breakdown below $0.2371 may expose the $0.2357 support zone. With 24H volume at $1.41M USDT, traders should watch for a liquidity sweep, bullish CHoCH, and volume-confirmed breakout before considering long entries. The key question: Is JUP preparing for a reversal or another bearish leg?
#JUP
