Rally

Jupiter

Reversal

The post <a href="https://coinpedia.org/price-analysis/reversal-rally-hints-2-breakout-for-jup-price/">Reversal Rally Hints $2 Breakout For JUP price</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the broader market recovery takes small but positive steps, the altcoins are bouncing back from crucial support levels. Amidst such reversal, the JUP price action teases a solid uptrend as it prepares for a trend reversal.&nbsp; 
Following the intense pullback after the initial price jump, will Jupiter manage a bullish comeback? Will the JUP price jump lead to a new all time high formation in 2024? Let’s have a closer look at the price chart to find out more.&nbsp; 
<h2 class="wp-block-heading" id="h-jupiter-reclaims-1">Jupiter Reclaims $1</h2> 
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<a href="https://www.tradingview.com/x/DakIsstT">Tradingview</a> 
In the daily chart, the JUP Price trend showcases a highly volatile history, despite the young age. Launched in January 2024, the initial bullish excitement pumped Jupiter for a great start.&nbsp; 
However, the most notable surge came in March with a 218% jump leading to a break above $1 psychological mark. With a all time high formation at $1.92, the altcoin took a nosedive leading to a drop to $0.79.&nbsp; 
Neverhtleess, the ongoing recovery in broader leads a bullish comeback for Jupiter and resurfaces above $1 psychological mark. Currently, the JUP price trades at $ 1.707 with an intraday drop of 1.67%, projecting a sideways trend for the past three days.&nbsp; 
Also Check Out : <a href="https://coinpedia.org/price-analysis/pendle-price-soars-11-today-pendle-to-hit-new-ath-this-week/">PENDLE Price To Hit New ATH This Week As It Soars 11% Today?</a> 
Technical indicators: 
MACD Indicator: The MACD and signal lines reflect a rise in bullish momentum as they prepare for a positive crossover. This bolsters the possibility of an uptrend.&nbsp; 
<h2 class="wp-block-heading" id="h-will-jup-price-recovery-lead-to-2-break">Will JUP Price Recovery Lead To $2 Break?</h2> 
As per the Fibonacci levels, the bullish reversal takes place at the 61.80% Fibonacci level. Leading to a 25% jump two major candles, the altcoin prepares a high momentum&nbsp; reversal to prolong the bull run.&nbsp;&nbsp; 
Considering the reversal rally sustains bullish momentum, the JUP price could surpass the $2 mark.&nbsp; However, the resistance at $1.50 and $1.80 could give rise to some short-term pullbacks.&nbsp; 
On the opposite front, a bearish takeover could deteriorate the market price by 15% to test the $1 mark.&nbsp; 
Did You Know : <a href="https://coinpedia.org/price-analysis/pepe-struggling-to-break-above-resistance-will-bears-let-a-price-rise-above-0-000008/">Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008?</a>

Reversal Rally Hints $2 Breakout For JUP price

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