JUP, LINK, and market momentum: What's next?

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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Jupiter ($JUP):

Jupiter has broken above the $0.4281 resistance and successfully flipped it into support. It is now taking support from the $0.447 structural level, a key pivot from previous price action. The asset is attempting to re-enter the daily demand zone (marked by the grey box) that was previously lost, which ranges from $0.466 to $0.63. Price is currently hovering at the lower boundary of this zone, a key point for short-term momentum.

Key levels:

• Current price: $0.468
• Structural support: $0.4281
• Retest support: $0.4270
• Daily demand zone (Reclaim Zone): $0.466 - $0.63
• Lower support levels: $0.40 - $0.38
• Upside target if reclaimed: $0.55 - $0.63

Scenarios to watch:

• Bullish re-entry into the demand zone: If $JUP holds above $0.447, the current structural pivot, and sustains above $0.466, it would confirm a bullish reclaim of the daily demand zone. In that case, the next target would be $0.55-$0.63, the upper half of the zone.
• Failed reclaim and pullback: If Jupiter fails to hold above $0.447, expect a retest of $0.4281. A failure to hold this level could lead to a deeper pullback toward $0.40 or lower, targeting the prior liquidation zone.

Cryptonary's take

Jupiter is at a key turning point. A reclaim of the daily demand zone would be a strong signal of strength, especially if it holds above $0.447-$0.466. Until then, we remain cautious; a breakdown below $0.427 could trigger a deeper retracement. The setup is developing and closely tied to how the wider market behaves in the coming days.

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Chainlink ($LINK):

Chainlink has staged a strong recovery from the $12.51 support and is currently consolidating just below the daily supply zone, ranging from $15.18 to $15.76. This consolidation comes after a clean bounce from mid-April lows, with price now attempting to gather momentum for a potential volatile move on either side. LINK is trading around $14.88, and its ability to sustain above its recent $14.3 swing low, above which it's currently consolidating, will determine the next directional move.

Key levels:

• Current price: $14.88
• Daily supply zone: $15.18 - $15.76 (overhead resistance)
• Next resistance: $16.54 (range top)
• Upper range: $16.54 - $19.20
• Immediate support: $14.3
• Range low support: $12.51 (range bottom + major demand)

Scenarios to watch:

• Bullish breakout to range high: If LINK consolidates tightly under the supply zone and breaks above $15.76, it could target $16.54 quickly. A move beyond this level, if price continues to go up, would shift the structure and open up the upper range toward $19.2.
• Failed breakout & pullback: LINK fails to break the supply zone and loses momentum, we could see a retest of the $12.51 support area. This would invalidate the breakout attempt and keep LINK within its current range.

Cryptonary's take

Chainlink is at a critical juncture, consolidating below supply with the broader market showing signs of strength. If bulls manage to push through $15.76, we're likely to see momentum toward $16.54 and beyond. But failure to break this zone would invite a revisit to the $12.5 range lows. A developing setup worth watching closely.

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