Despite minor pullbacks, JUP is up for the second day, gaining +13% and reaching $0.64. The asset continues to trade within a stable upward EMA channel, indicating a strong bullish trend, but the MACD points to a potential slowdown phase and calls for short-term caution. Will the trend continue, and should we expect $0.65–$0.67? Let’s take a closer look.
More on JUP’s Growth Today
As we can see, JUP was one of today’s top performers, gaining +13% before encountering resistance. The price rose from $0.50 to just under $0.64, with a local high at $0.6410, followed by a sharp retracement back to the $0.5850–$0.5900 area. Support levels now include $0.5890, $0.5670, and $0.5430.
EMA structure remains intact but shows early signs of weakening. EMA-20 ($0.6023) has been broken to the downside, and the price is currently testing EMA-50 ($0.5890) after bouncing from EMA-100 ($0.5674). This confirms the relevance of these zones as dynamic support, especially during high-volatility pullbacks.
The previous recovery from EMA-20 has failed to hold, suggesting the momentum may have shifted toward a correction phase. EMA-50 now acts as the first critical threshold for buyers to reclaim control.
MACD: Momentum Breakdown
The MACD shows a clear breakdown in momentum. The histogram has extended into deeper negative territory, and the signal line crossover is now strongly confirmed. The recent price action has also resulted in a sharper divergence: while the price set a higher high at $0.6410, MACD posted a lower high, followed by a drop into negative territory.
Unless the MACD curve flattens or recovers above the signal line in the next few candles, the probability of an extended pullback toward $0.5660–$0.5430 increases.
Market Sentiment
Market sentiment is becoming more cautious. While bullish volume spikes supported the earlier rally toward $0.64, the subsequent sell-off was accompanied by increased sell volume. The latest bounce from EMA-100 was not supported by a strong uptick in buy volume, indicating hesitancy among buyers at current levels.
The key volume support remains the $0.5890–$0.5670 range. A failure to hold above this zone may invite further downside, while renewed accumulation here could reestablish the uptrend.
- Bullish Scenario. If the price stabilizes above $0.5890 and recaptures $0.6020 (EMA-20), a recovery toward $0.6335 becomes possible. A breakout above $0.6410, backed by renewed volume, would reopen the path toward $0.6550 and $0.6700.
- Bearish Scenario. If the price fails to hold above $0.5890 and closes below $0.5670 (EMA-100), further downside toward $0.5430 (EMA-200) becomes likely. This would signal a broader corrective phase or structure shift.
Conclusion
JUP’s trend remains structurally bullish on higher timeframes, but short-term technical signals have shifted toward caution. The break below EMA-20 and MACD weakness suggests a deeper retracement may be underway. Price reactions around $0.5890 and $0.5670 will be decisive in confirming whether this is a healthy correction or a trend reversal in progress.
