FxWirePro- JUPUSD (Chart of the day)

It is a decentralized cryptocurrency exchange based on Solana. It is built from Nxt's system based on cryptography and blockchain technology. Jupiter directly connects all DEX markets and AMM pools no matter the provider and will find all direct and multi-hop routes between any two tokens on Solana.

JUPUSD has performed well after a long consolidation.

Any daily close above $2 confirms further bullishness.

JUPUSD prices have surged more than 80% in the past ten days. It hit a high of $1.92 and is currently trading around $1.7560. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $2, any indicative breach above will take the pair to $2/$2.50. On the lower side, immediate support is $1.70, and any violation below targets $1.50/$1.21/$1.

Indicators ( 4- hour chart)

Directional movement index - Bullish

It is good to buy on dips around $1.50 with SL around $1.20 for TP of $2.50.

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