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Jupiter (JUPUSD) Time to Advance Again!

Johnathon Fox
02/12/2024 | UPDATED ON: 02/12/2024

Jupiter (JUPUSD) Price Forecast: February 12
It is set time for the JUPUSD to advance again. The coin market has been in a bullish rally in the previous action and from the look of it, it will keep growing. The bull race may likely continue into the key psychological level of $0.6600 supply value and beyond before we see any signs of buyers slowing down if the buy traders should put more aggression into the market.

Key Levels:
Resistance Levels: $0.6000, $0.7000, $0.8000
Support Levels: $0.4000, $0.3000, $0.2000

JUP (USD) Long-term Trend: Bullish (1H Chart)
The long-term market value of Jupiter shows that the set time to advance again for the crypto is now. The pair is moving in a bullish direction slightly above the EMA line.
Jupiter (JUPUSD) Time to Advance Again!
During yesterday’s session, the pair reached and held the $0.5113 resistance level. This has allowed the coin to remain in an uptrend in its recent high.

Today’s 1-hour bullish candle confirms bulls’ supremacy in the market at the $0.5151 supply value above the moving averages. This breakup may accelerate the positive momentum and extend the current correction to higher heights.

However, Jupiter’s time to advance again might be now if the bulls could increase their buying forces and swing above the $0.6420 supply levels, this would build the momentum to trigger a rally targeting the next key resistance at the $0.6440 upper resistance level

Additionally, with the coin price pointing upwards on the daily signal, the JUPUSD time to advance again and increase further might be now if the bulls could push harder. If this is achieved, the price might bounce up to the $0.6600 upper resistance level in the near days and beyond resulting in the best crypto signal ever in its higher time frame.

JUP (USD) Short-term Trend: Bullish (15-Minute Chart)
The coin set time to advance again is also now in its short-term outlook. The crypto price bar can be seen trading above the EMA line due to the high inflow from the long traders.
Jupiter (JUPUSD) Time to Advance Again!
The increase in the momentum by the bulls in the previous session has enabled the Jupiter price to stay strong above the resistance lines in its recent high.

The market price of JUPUSD has just broken up the EMA-50 at the $0.5151 supply level as the 15-minute chart opens today. This will give the crypto a high tendency to rise further.

Thus, should the bulls change their orientation and the buying pressure persists, the coin will give a bullish breakout to a $0.5411 previous high level, indicating the set time to advance again for the coin.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.5411 previous high, the resulting rally may surpass the $0.6600 psychological level at the upside in the days ahead as the coin price set time to advance again is now in its short-term perspective.

Buy Jupiter on Longhorn

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Dash 2 Trade (D2T/USD) Aims for Stability Beyond the $0.008 Price Threshold
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