JUP has been consolidating for nearly 5 months and it's finally challenging its key resistance level.
On the 4-hour timeframe, it's trading above the upper boundary of its range and is primed for a potential breakout.
If
BTC stabilizes or range a bit, this could create a space for altcoins to rally.
The immediate resistance is at $1.10. If this level flips to support, I expect a move towards the $1.27 to $1.40 zone.
On the 4-hour timeframe, it's trading above the upper boundary of its range and is primed for a potential breakout.
If
BTC stabilizes or range a bit, this could create a space for altcoins to rally.The immediate resistance is at $1.10. If this level flips to support, I expect a move towards the $1.27 to $1.40 zone.
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twitter.com/huskyXBT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.