The post Will A Bullish Reversal Drive JUP Price Breakout Rally To $2? appeared first on Coinpedia Fintech News
With a bullish recovery last night, JUP price projects a high likelihood of a positive turnaround to sustain dominance above $1. However, the constant struggle with a periodic rise in supply keeps the altcoin under stress.
With high anticipation of a broader market recovery, will Jupiter manage to ignite a breakout rally? Will this altcoin jump to a new all-time high formation in 2024? Let’s find out more in our JUP price analysis.
Massive Fluctuations At $1 For Jupiter
With a massive decline of 40% in the last 30 days, the daily chart shows a triangle pattern in the Jupiter price action. Further, as the JUP token price declines, the volatility has increased significantly near the psychological mark of $1.
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As the sellers test the bullish dominance of the support trendline and the $1 level, the pullback phase grows intense. However, the recent ne
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