JUPUSDT: Breakout from Falling wedge, 150% gain expected!!
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Let's analyse JUPUSDT fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Jupiter (JUP) stands out as a cryptocurrency and decentralized exchange platform built on the Solana blockchain. Renowned for its advanced swap aggregation engine, Jupiter provides essential liquidity infrastructure, making it a cornerstone of the Solana ecosystem. The platform's versatility is showcased through its diverse DeFi product offerings, including Limit Orders, Dollar-Cost Averaging (DCA), Time-Weighted Average Price (TWAP), Bridge Comparator, and Perpetuals Trading.
TECHNICAL ANALYSIS:
JUPUSDT was previously confined within a falling wedge pattern. A breakout from this pattern has now been confirmed. The price is likely to experience a minor pullback before continuing its upward movement. The current price level is supported by all major EMAs like 50, 100 and 200 on the daily timeframe. Additionally, a strong support zone is evident at the lower boundary of the green channel.
Key Level:
Entry zone: $0.8785 to $0.8073
Lower Support: $0.7304 to $0.6615 (DCA here if above level breaks)
Targets:
$1.28
$1.76
$2.19
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse JUPUSDT fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Jupiter (JUP) stands out as a cryptocurrency and decentralized exchange platform built on the Solana blockchain. Renowned for its advanced swap aggregation engine, Jupiter provides essential liquidity infrastructure, making it a cornerstone of the Solana ecosystem. The platform's versatility is showcased through its diverse DeFi product offerings, including Limit Orders, Dollar-Cost Averaging (DCA), Time-Weighted Average Price (TWAP), Bridge Comparator, and Perpetuals Trading.
TECHNICAL ANALYSIS:
JUPUSDT was previously confined within a falling wedge pattern. A breakout from this pattern has now been confirmed. The price is likely to experience a minor pullback before continuing its upward movement. The current price level is supported by all major EMAs like 50, 100 and 200 on the daily timeframe. Additionally, a strong support zone is evident at the lower boundary of the green channel.
Key Level:
Entry zone: $0.8785 to $0.8073
Lower Support: $0.7304 to $0.6615 (DCA here if above level breaks)
Targets:
$1.28
$1.76
$2.19
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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