Jupiter Technical Analysis: Bulls Rise and Mark $0.008448

Technical Key Points

JUP Past Performance

In the last 24 hrs, JUP is trading as low as $0.003278 and as high as $0.00943. JUP's trading volume for the past 24 hrs is $5,783,298. The market capitalization is $8,783,514.  Initially, Jupiter has been on a downtrend for the past few days.  As of now it seems to have found support near the $0.004 level and might start an upward journey from here in the next few days.

Source: Trading View

Jupiter Technical Analysis

JUP is currently trading at $0.008448. The circulating supply is963,798,689.00 JUP and the max supply is 1,000,000,000. The price of Jupiter might reach $0.01 in the next few days as it has started to form an ascending triangle pattern which is a bullish sign. The RSI indicator is at 70.86 which is in the overbought region. The RSI line is seen to intersect the trend line and takes an upward trend towards the 75 regions. This might be a good time to buy Jupiter as the price is expected to rise in the next few days.

The MACD indicator is currently in the bullish zone, but the histogram bars are getting smaller. Hence this might be an indication that the upward momentum might start to slow down soon. The MACD line has just crossed the signal line which is a bullish sign and might give a further boost to the price. The Bollinger bands are squeezed therefore this might be an indication of a breakout. The price is currently trading near the upper Bollinger band hence might be an indication of a bearish reversal in the near future.

Out of the 26 technical analyses, 12 show a buy signal, 4 show a sell signal and 10 are neutral. The oscillators and trend indicators are currently in the bullish zone which is a good sign for the price to rise in the near future. The moving averages are also in the bullish zone which is a strong indication that the price might rise in the next few days.

Jupiter Upcoming Trend

Jupiter is expected to start an upward trend in the next few days as the technical indicators are currently in the bullish zone. The price might reach $0.01 in the next few days. The moving averages are also in the bullish zone which is a strong indication of an upcoming upward trend. The support levels are $0.006, $0.007, and $0.008. The resistance levels are $0.009, $0.010, and $0.011.