Log in

PRO
Technical Analysis

Is Jupiter ready for a significant move?

Published: Sep 23, 2024
0
Share:

Currently, Jupiter's price action is being squeezed by a downtrend trendline (marked by the orange dotted line), indicating that it's approaching a decisive moment. Resistance is coming in from both the trendline and the 200 EMA (at $0.872 and $0.89, respectively), and the token has so far been unable to break through.

Post Feature Image

Overview

Jupiter ($JUP) appears to be one of the altcoins setting up for a significant move in the coming months. In the larger timeframe, the price action consolidates beautifully within a tight range from $0.684 to $0.872. This tight consolidation hints at an accumulation phase, where strong hands are positioning themselves for an eventual breakout.

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.


Current market structure

  • Consolidation Range: Jupiter is consolidating in a tight range between $0.684 to $0.872. This suggests that traders and investors are in an accumulation phase, waiting for a clear breakout.
  • Downtrend Trendline: The price is being squeezed by a descending trendline that has been dictating resistance levels. Breaking above this trendline will likely signal the beginning of a new bullish trend.
  • Key Resistance Levels: Immediate resistance levels are at $0.872 (current upper bound of the range) and $0.89 (200 EMA). Breaking above these levels would be a strong bullish signal.

Current market outlook

Jupiter is currently showing strength but is facing resistance from both the 200 EMA and the downtrend trendline. Should Jupiter manage to break above these resistances, it has the potential for a strong rally. The next resistance level after the breakout would be $1.22, and breaking that could lead to a retest of the all-time high (ATH) at $1.84.

Key levels to watch

  • Resistance: $0.872 (current range upper bound), $0.89 (200 EMA), $1.22 (next major resistance), and $1.84 (ATH).
  • Support: Should the price break down from the current range, there is a demand zone on the daily timeframe from $0.47 to $0.64 that will act as strong support.

Potential accumulation zone

  • Accumulation Opportunity: If the price retraces into the $0.47 - $0.64 demand zone, this would present a strong opportunity for accumulation with favourable risk-reward ratios.
  • Current Range Accumulation: Investors who are bullish on Jupiter may also consider accumulating around the lower bound of the current consolidation range ($0.684) in anticipation of a breakout.
AD_4nXdjWkLp7Y2WkGSKK0yKwFQmFX8VJE7ugSKnK0HMgPRCV3EqfxOriuylzeRMnBYEi6LaOb4Yq2r7I4mOxnAKpUvb6hQ-e3RelO2pS15aFPaucphiDMlyVkKpsEltejP18AIJHAFjiKQKKU60wnpzBbg2DkYA

Cryptonary's take

Jupiter is showing potential for a significant breakout after months of consolidation. The tight range and clear resistance levels make it an ideal candidate for a swing trade or a long-term accumulation play. The wider crypto market is also heating up, with many altcoins poised to follow Bitcoin's recent bullish move. If Jupiter manages to flip the 200 EMA into support and break out of its downtrend trendline, we could see a rally to $1.22 in the near term and potentially a move towards its ATH at $1.84. However, caution is advised if Jupiter fails to hold its current support levels, as the downside could lead to a retest of the $0.47 - $0.64 demand zone for accumulation.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Rangebound With Critical Supports In Play
PRO
Market Direction
BTC, ETH and More: Rangebound With ...Markets face crucial levels as volatility returns after the Fed rate cut. BTC, ETH, SOL test support...
5 min read
Oct 31, 2025
Big Market Update: What's Next?
PRO
Market Updates
Big Market Update: What's Next?Markets just wrapped a huge week: the Fed cut rates, Big Tech earnings rolled in, and Trump and Xi s...
7 min read
Oct 31, 2025
Market Pulse: Fed Surprise Cools Markets, BTC Tests Lower Range
PRO
Market Pulse
Market Pulse: Fed Surprise Cools Ma...The Fed’s unexpected hawkish pivot and mixed Big Tech earnings have injected fresh tension into mark...
5 min read
Oct 30, 2025