Jupiter (JUP) is displaying bullish signs, surpassing the 50-day exponential moving average and attempting to breach the $0.66713 level.
After a significant 73% price drop from October 2024 to early 2025, Jupiter has exhibited resilience and a potential reversal in trend, with indicators suggesting a growing bullish momentum.
Having plummeted to oversold levels with a low RSI of around 30 in March, Jupiter's recent recovery from $0.30293 to $0.52459 hints at a bullish resurgence as buyers re-enter the market.
Key resistance is observed at the 200-day EMA of $0.66716 and $1.00, with support at $0.30293. Traders should monitor if Jupiter maintains movement above the 200-day EMA to confirm the initiation of a significant reversal pattern.