Jupiter (JUP) — Chart Analysis & Trade Setup

Jupiter is getting ready for a potential breakout as it nears the tip of a descending triangle. Here’s what you need to know:

▸ About JUP
Jupiter is a Solana-based exchange offering token swapping, limit orders, DCA, and asset bridging.

▸ Chart Analysis
Jupiter has been in a descending triangle since April. Resistance holds at 0.66-0.71, with a downtrend line pushing lower highs. A breakout is expected soon. Although considered a bearish pattern, the bullish market structure suggests an upside move.

▸ Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral 🟢
- VMA: Neutral 🔵
- ADX: 18, no trend 🔴

▸ Trade Setup
Bearish Breakout
- Entry: Below $0.65
- Target: $0.42
- Stop Loss: ~$0.70

Bullish Breakout
- Entry: Above the trendline
- Target: $1.8 (with profit levels at 1.13, 1.30, 1.50)
- Stop Loss: Below the trendline