Jupiter Price Bounces Back Amid Bullish Reversal Prospects

The Jupiter (JUP) price has begun to show signs of recovery from its broader bearish trend. Despite remaining in a downtrend, analysts believe that a breakout above key resistance could strengthen bullish momentum.

JUP's recent 2.08% gain over the past 24 hours has led to an improvement in its price structure, pointing towards a potential bullish reversal in the sessions ahead. According to Crypto Patel, the crypto analyst, JUP remains in a long-term downtrend on the weekly chart, forming lower highs and lower lows beneath a descending trendline.

The recent rejection near resistance suggests that bulls still lack momentum to reverse the prevailing bearish market structure. The chart identifies $0.28 as the key bullish flip level, where horizontal resistance and the descending trendline converge. A strong weekly close above this zone could invalidate the bearish trend, opening the path toward successive upside targets at $0.45, $1.00, and $1.85.

However, if JUP fails to recover its losses at $0.28, then the risks remain skewed on the downside, with a very short-term support base at $0.15. Below this level, a slide towards the high-risk area of $0.07-$0.10 is expected.

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