Crypto
JUP Analyst Sees $0.60 Rally Above $0.23 Support
JUP is trading at $0.26, and analyst Michaël van de Poppe believes it has the potential to rally to $0.60 if support holds at $0.23.
The token's MACD is bullish, and its RSI(14) is neutral at 63.72, indicating a strong momentum. If JUP sustains above the EMA50 support at $0.23, it could continue upwards through the gap towards $0.60.
The technical confluence on the 4h chart shows price against upper Bollinger resistance at $0.26. Michaël van de Poppe emphasized that sustaining trade above the EMA50 support at $0.23 would keep the structure intact before any potential pullback tests the EMA200 at $0.21.