JUPUSDT: Breakout from Falling wedge, 150% gain expected!!

10月23日

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Let's analyse JUPUSDT fundamentally and technically.

FUNDAMENTAL ANALYSIS:
Jupiter (JUP) stands out as a cryptocurrency and decentralized exchange platform built on the Solana blockchain. Renowned for its advanced swap aggregation engine, Jupiter provides essential liquidity infrastructure, making it a cornerstone of the Solana ecosystem. The platform's versatility is showcased through its diverse DeFi product offerings, including Limit Orders, Dollar-Cost Averaging (DCA), Time-Weighted Average Price (TWAP), Bridge Comparator, and Perpetuals Trading.

TECHNICAL ANALYSIS:
JUPUSDT was previously confined within a falling wedge pattern. A breakout from this pattern has now been confirmed. The price is likely to experience a minor pullback before continuing its upward movement. The current price level is supported by all major EMAs like 50, 100 and 200 on the daily timeframe. Additionally, a strong support zone is evident at the lower boundary of the green channel.

Key Level:
Entry zone: $0.8785 to $0.8073

Lower Support: $0.7304 to $0.6615 (DCA here if above level breaks)

Targets:
$1.28
$1.76
$2.19

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