Jupiter gains 15.65% recently: Jupiter (JUP) has recently experienced a significant surge in its price, gaining 15.65% over the past week. This notable increase in value reflects growing interest and activity within the cryptocurrency market, capturing the attention of traders and investors alike.
Market shows bearish tendencies: Despite positive signals, bearish market influences remain. Long liquidations reached $226,090, starkly higher than short liquidations at $1,470. This discrepancy highlights prevailing market concerns, as traders balance Optimism with caution about Jupiter’s future trajectory.
Technical pattern predicts $1.90: Jupiter has broken through a KEY resistance level of $1.2663, following a cup-and-shoulders pattern. This pattern is often seen as a bullish indicator, predicting a potential rise to as much as $1.90, which would surpass its former HIGH of $1.85.
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