Add as a preferred source on GoogleJupiter’s JUP Falls 21.8% From October High, Tests $0.29 Zone
A recent retest of $0.32 drew a bearish reaction on the two-hour chart, while the daily trend has remained bullish since a May swing-structure break.
Jupiter’s JUP token has fallen 21.8% from its October high and is testing a $0.29 chart area amid broader market weakness as Bitcoin (BTC) retreats toward $80,000.
On the two-hour chart, the $0.32 area has shifted from demand to resistance. JUP moved lower after returning to that level, and the next marked demand area at $0.29 was under test.
The rally’s anchor low was $0.144, and JUP later reached $0.388 earlier in October. The daily trend has remained bullish since a May swing-structure break. A longer-term demand zone sits at $0.22, identified as a bullish order block connected to the latest upward impulse.
JUP previously gained 51% over four weeks as platform fees declined; that earlier advance preceded the current pullback.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.