On January 18, 2025, Jupiter [JUP] surged by 36.76%, bringing its price close to the resistance level of 1.15 USD after surpassing 0.95 USD. This sharp increase highlights strong bullish momentum, backed by significant trading volume.
Currently, strong support can be identified around 1.06 USD, which is about 9% below the current levels. The daily market structure is bullish, indicating potential for continued upward movement, although risks of profit-taking remain.
Traders should be cautious of potential profit-taking leading to short-term dips. The liquidation map suggests possible pullbacks to levels of 1.11 USD and 1.06 USD, with the 0.95-1 USD range presenting a potential buying opportunity amidst market fluctuations.