How was it guys ? Had fun? We completed our targets before the news so now we have room for taking some risk tonight if we see a good position to enter otherwise we will continue tomorrow. For now secure your profits and keep small runner with trailed SL 🚀🚀
The Core Catalyst The Strait of Hormuz Impact on Oil Prices🛢
Iran holds a pivotal position in global energy markets due to its significant crude production capabilities and its control over vital maritime trade corridors. Volatility surrounding Iranian geopolitical conflict directly impacts global oil prices, shipping infrastructure, and macro-level trade. The primary mechanism connecting Iranian geopolitical tension to crude volatility is the Strait of Hormuz. Supply Bottleneck: Roughly 20% of global petroleum liquids consumption moves through this narrow choke point daily. Disruption Risk: Tensions involving Iran frequently raise risks of maritime disruptions, naval blockades, or tanker strikes, driving international energy prices above $100 per barrel. Geopolitical Tension / Conflict │ ▼ Increased Risk Premium in Crude Markets │ ▼ Spike in Brent / WTI Spot Prices (Surpassing $100/bbl) │ ▼ Surge in Refined Products (Diesel
Jupiter (JUP) is experiencing neutral to short-term bullish consolidated trading inside a broader altcoin market that remains cautious.
Market Breakdown
Price & Performance: JUP trades around $0.21–$0.24 USD. While down significantly from its peak near $2.00 in early 2024, it has staged a decent ~30% recovery over the past month off its sub-$0.15 lows.
Technicals
On shorter timeframes, moving average indicators show short-term bullish momentum. Key short-term resistance sits around $0.25; breaking above this level with strong volume could open up further upside. Support sits firmly in the $0.21–$0.23 zone.
Fundamentals
Being the premier liquidity aggregator on Solana, Jupiter maintains strong protocol revenues and trading volumes. Recent tokenomics updates—such as reduced floating supply during airdrop distributions—have lowered incoming sell pressure, providing a structural tailwind.