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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Jupiter (JUP) Approaches Key Resistance – Is a Breakout on Horizon?
Date: Thu, May 22, 2025 | 05:58 PM GMT The cryptocurrency market has mounted a solid comeback in recent weeks from its bearish Q1. Bitcoin (BTC) has managed to melt faces with today’s new all-time high of $111,970, while the impressive 56% monthly jump of Ethereum (ETH) is uplifting sentiment across altcoins — including Jupiter (JUP). The DEX token has surged over 35% in the last month, and the charts suggest it might not be done yet. Technical analysis points to a potential major breakout forming on the horizon.
Source: Coinmarketcap JUP Testing Key Resistance On the daily chart, Jupiter is flashing a textbook Cup and Handle pattern, a structure often seen ahead of strong bullish breakouts. The "cup" portion formed between late March and early May, beginning with a steep rejection at $0.58 and bottoming out at around $0.30.Since then, JUP has gradually rebounded, forming a rounded base before pulling back slightly — creating the "handle" around the $0.46 level.
Jupiter (JUP) Daily Chart/Coinsprobe (Source: Tradingview) Now, $JUP is pressing against its neckline resistance around $0.58, which has acted as a brick wall on multiple occasions. The shaded resistance zone on the chart highlights this area, and JUP is trading just shy of that at $0.57. What Happens If JUP Breaks Out? A clean breakout above $0.61, especially with a retest, would confirm the Cup and Handle pattern and open the doors for a powerful upward continuation. If confirmed, the next target to watch is the 200-day moving average around $0.76, followed by the pattern’s projected price target in the $0.86–$0.90 range. This represents a potential 55% gain from current levels. What’s more, the broader market environment favors bullish setups. Ethereum is knocking on the door of $2,700 resistance, and if it breaks out, it could act as a catalyst for altcoin momentum — including JUP. Historically, ETH rallies have triggered waves of capital rotation into DEX-related tokens. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.