JUP Main trend. Channel. Wedge. Double bottom. 06 07 2025Logarithm. Time frame 3 days. Decline from the maximum -84% (this is not enough), but given the capitalization of 59th place, if the market is positive in the near future, then it is quite possible to reverse this cryptocurrency through a double bottom.
All long-term consolidation above with high volatility is the distribution of ladies and gentlemen. Also study the vesting of this cryptocurrency. There are less than half of the tokens on the market, and there are also pauses for 1 year, which is good.
Jupiter (JUP) is a key player in the decentralized finance (DeFi) space, especially in the Solana blockchain.
Main trend is downward. Descending channel.
Secondary trend is downward. Descending wedge.
Local trend is sideways. Potential double bottom in case of a breakout.
The price will move in the corridors of this descending channel from the dynamic lines of its support/resistance. Remember this and use it in your trading strategy, observing money management.
Local breakout zone
Understand where the zones are cheap, and where, on the contrary, the zones are expensive. If you work (tear out movements, there should be short-term or conditionally medium-term transactions, with very mundane goals) conditionally in expensive zones, then limit losses. Do not let yourself be fooled by news noise and the opinions of the majority.
