Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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JUP:

Market context

Jupiter is forming a large triangle wedge pattern, with $0.80 acting as key support. A broader support zone has developed just below this level, around $0.63, as this is the region that has been repeatedly tested on the downside. Given that the market often favours 61.8% retracements, this level aligns with a potential deeper pullback scenario. However, a more extended correction into the $0.40s—which would represent a 77% retracement—remains a possibility.

Playbook

While $0.63 is a strong area of interest, we remain risk-off and are not looking to accumulate at current prices. Any JUP positioning should be done cautiously, keeping in mind the potential for further downside stabs. The immediate focus is on how Jupiter reacts around the first blue box at $0.63 before considering any accumulation strategies.

Cryptonary’s take

Jupiter’s structure is showing weakness, with potential for deeper retracements into the $0.40s if broader market sentiment remains risk-off. For now, monitoring price action is the best approach, as there is no rush to step in until the market confirms a clear bottoming structure.

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NOS:

Market context

Nosana (NOS) has been experiencing aggressive bearish price action since December 16th, with sustained selling pressure dominating the market. When observing the mini-range from early December to now, the bears have remained in firm control, even overpowering the short-lived bullish rally in early January.

Price has now returned to the $1.32 range, an area that has historically shown strong buying interest. Previous reactions from this level occurred on February 4th, August 6th, August 21st, and October 10th, 2024, all of which led to significant upward moves.

Despite another 30% bounce off $1.32, momentum appears to have already been exhausted, and the overall structure remains bearish, with a series of lower highs since the March 2024 peak. While the price has not yet broken a significantly lower low since August, the current environment raises the question of whether this is the moment it finally does.

Playbook

Nosana is currently not in a position of strength, and there is no rush to take action. While $1.32 has historically provided a solid reaction point, the structure remains weak, and the potential for further downside remains high. Until the market provides clearer signs of accumulation or a shift in trend, the best approach is to remain on the sidelines and monitor price action closely.

Cryptonary’s take

Nosana is still in a high-risk environment, trending downward with lower highs and sustained selling pressure. While buyers have stepped in around $1.32 in the past, the lack of follow-through on recent bounces suggests weakening momentum. Prices could certainly go lower, and at this stage, waiting for further confirmation is the only logical approach. Patience over impulse.