JUP: new ATH incoming?
Jupiter is recently showing some signs of strength. This makes me think the token is ready for a new chapter.
The team is working hard to improve the Metis Messenger app (the 18th of february there will be an important update).
DeFi is also coming to jup and it willl be very positive cause it will let hodlers get an APY just by holding jup tokens.
Jup is an interesting project cause it's keeping its own identity even when integrating with other chains.
Price action:
-Jup is printing a beautiful bullish flag in the daily chart, this is most of the time a continuation pattern and it's normal to have a volume weakness during the formation of those types of patterns.
-A bullish flag don't last much, at least 1 to 3 weeks.
-if we break upward i expect at least a 70% run which will take jup over the old trendline broken in november.
This trendline is important cause it was held by jup price for 121 days! So we will obviously interact with it again.
fibonacci:
If we measure the fibonacci trend based extension from the beginning of the impulse to the top of it, until the bottom of it ( assuming the bottom was 0,023$), we can expect a run towards 0,13$.
Final consideration:
Jup is bullish recently and i think it can continue higher, we just need the team to continue delivering updates and the community to make their voices louder than ever!
Here for you, as always, CryptoSoap!
The team is working hard to improve the Metis Messenger app (the 18th of february there will be an important update).
DeFi is also coming to jup and it willl be very positive cause it will let hodlers get an APY just by holding jup tokens.
Jup is an interesting project cause it's keeping its own identity even when integrating with other chains.
Price action:
-Jup is printing a beautiful bullish flag in the daily chart, this is most of the time a continuation pattern and it's normal to have a volume weakness during the formation of those types of patterns.
-A bullish flag don't last much, at least 1 to 3 weeks.
-if we break upward i expect at least a 70% run which will take jup over the old trendline broken in november.
This trendline is important cause it was held by jup price for 121 days! So we will obviously interact with it again.
fibonacci:
If we measure the fibonacci trend based extension from the beginning of the impulse to the top of it, until the bottom of it ( assuming the bottom was 0,023$), we can expect a run towards 0,13$.
Final consideration:
Jup is bullish recently and i think it can continue higher, we just need the team to continue delivering updates and the community to make their voices louder than ever!
Here for you, as always, CryptoSoap!
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