JUPUSDT trade ideas
JUP Bullish Surge: Your Golden Opportunity to Buy**Fundamental Analysis:**
* **Project:** Jupiter is a decentralized trading aggregator built on the Solana blockchain. It aims to find the best execution prices for users across various DeFi exchanges.
* **Token:** JUP is the native token of the Jupiter protocol. It serves as a governance token, allowing holders to vote on protocol proposals and participate in decision-making.
* **Tokenomics:** JUP has a total supply of 1.35 billion tokens, with approximately 40% distributed through an airdrop in January 2024.
* **Partnerships:** Jupiter has partnered with several DeFi protocols and wallets, including Serum, Raydium, and Phantom.
**Recent News (as of October 26, 2023):**
* **Jupiter airdrop:** The highly anticipated JUP airdrop took place in late January 2024, distributing tokens to almost 1 million Solana wallets.
* **Price volatility:** JUP's price has experienced significant volatility since the airdrop, reaching an all-time high of $2.04 in January 2024 before experiencing a correction.
* **Growing user base:** Jupiter has seen a steady increase in active users, likely driven by the airdrop and growing interest in DeFi.
**Important Disclaimer:**
I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions. Cryptocurrency investing is inherently risky and can lead to significant losses.
**Additional Notes:**
* JUP's current price is around $0.007, significantly lower than its all-time high.
* The project is still relatively new and undergoing development.
* It's crucial to understand the risks associated with cryptocurrency investing before considering JUP.
I hope this information is helpful, and I encourage you to conduct your own research and seek professional financial advice before making any investment decisions.
JUP Where to buyI think JUP is going to drop a little bit more. It's pretty weak on every timeframe, and there is not a strong support that can reverse the price now. I see a support level at 0.495, the level -0.618 of the recent leg up. If we will get there, it could be an interesting entry point with a good R:R
Anywhere from this positionMaybe another retest of previous major upport or maybe a drop from this local resistance level and a new bottom.
The local fibonacci retracement (recent high to recent low) says it has to reverse between 0.545-0.55 if it want to go further down from here. If not then it will reclaim 0.565-0.57 again
After tendline breakout, can JUP hold this support zone?Major Support Level: 0.565-0.575
Major Resistance : 0.625- 0.64
There is a breakout from a trendline as you can see on the chart. Then it reachd the support and the trendline is retested and seems like it got a rejection from there. So here is some possibilities of more downward movement. We may see new bottom (ATL) in case it breaks the support zone.
But if it somehow can hold the support then we will price reclaiming the 0.62-0.64 zone. In this case, there will be a weak resistance around 0.605
Triple Bottom but still in downtrend.Jupiter hit the support I was after and it bounced perfectly off, showing some support here with a triple Bottom. If it can hold then I can see this going up from here, if not then the next support line on the chart. On the 4 Hour Chart the RSI is finaly showing and it's in the oversold zone. Hope this helps!
Might drop to support-1 Hour Chart in Downtrend First off the Total market cap 3 chart, BTC, and Solana is below there fob 50% Retracement level so that is not good on Jupiter or the altcoin market. Jupiter is in a downtrend on the Gann Swing chart with RSI negative, MACD touching negative, SAR trending down, Supertrend down, and the Aroon down. Only indicator that is up on the hourly is the DMI. Looking for the price to test the support and hopefully it doesn't close below it, just wick down.
Uptrend but for how long? 1 Hour Gann swing For Jupiter coinBeen eyeing Jupiter ever since it launched a few days ago, but not a lot of data yet. 75% to the down side and the coin is not looking the best at it's current price levels. It's below the 50% Fib Retracement with the RSI about to cross and it's below 50. Ya we had a where it was oversold but it could go back there again. Only positive I see is the Uptrend but I don't think it is gonna last. You never know though cause it's a Solana Ecosystem Coin so it could do well when Solana pumps. I am seeing the coin loose it's current bottom and go lower if it doesn't hold the uptrend and Support lines. If it does then possibly a 10%-15% pump from where it is at now. Hope you like the simple TA and have a blessed day.
JUP (Jupiter) sell off done, undervalued - super longI think JUP had a quick sell off and big investors will now step in.
For me me JUP is really undervalued and I don't see any reason to wait for better price.
The marked zone in the chart is for me a great DCA area for a short time trade.
Very bullish on JUP - non financial advice!
JUPUSD - Falling Wedge BreakoutFalling Wedge has formed on JUPUSD within a very dominant down channel
However it is within a down channel price still has the potential to break out to the upside
This is due to the presence of a falling wedge (in yellow)
A double bottom is also present within this wedge (Comparable to a previous circle in green)
Upsides are possible