Jupiter (Jup) has shown bullish momentum, breaking above previous weekly highs and climbing well above the $0.6 level in the last 24 hours.
Despite a recent market pullback triggered by Bitcoin's decline, Jup regained strength after rejecting $0.5 and is now testing a critical pivot level that could halt the current bullish trend.
The daily chart reflects a bullish continuation pattern, supported by a rising trendline. Failure to respect this trendline could lead to selling pressure in the market, but currently, bulls are dominating.
Key levels to watch for Jup include resistance at $0.74, $0.87, and $1, with support at $0.575, $0.51, and $0.44. The current spot price is $0.64, with a bullish trend and high volatility.