JUP is trading inside a clear falling wedge structure on the daily timeframe, characterized by converging lower highs and lower lows with contracting price action.
Price is currently reacting near the lower boundary of the wedge, an area that often acts as a liquidity and demand zone in falling wedge formations. This structure typically reflects weakening bearish momentum, even though price continues to move lower.
If the lower boundary holds, a reversal or strong relief move toward the upper wedge resistance becomes increasingly likely. A confirmed breakout above the wedge would signal a potential trend shift and open upside toward higher resistance zones.
Failure to hold this support could lead to a temporary liquidity sweep below the wedge, but as long as price remains within the structure, the falling wedge bias remains valid.
JUP
0.1375
-0.36%