Jupiter (JuP) rises in 62 % of the daily spike – can it carry bulls? star-news.press/wp

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Jupiter and indicators’ price procedures showed fluctuating in front of the Dex icon. Liquidity in local resistance of $ 0.55 can lead to slight prices, but it may not create a bullish direction.

The DEX’s original Jupiter (DEX) has witnessed a recent gain.

At the time of writing this report, it is Daily trading volume A 62.5 % higher shot has gained 6.5 % during the past 24 hours. However, price plans have shown that the upper trend was not in full swing.

source: Vocal

Data from Santime showed that daily active headlines have risen slightly since mid -June.

Likewise, the growth of the network, which indicates the number of new addresses created every day, was also from mid -June.

The oscillating feelings have been fluctuated for 7 days between climbing and landing in the past two months. At the time of writing this report, it remained steadily positive.

Can this translate into a sustainable bullish direction for JuP?

Source: JuP/USDT on TradingView

On one day graph, Ambcrypto found that Jupiter was trading within a long -term range. The purple, this range extends from $ 0.33 to $ 0.63. The middle point was at $ 0.48 $ 0.48 that were competed by the bears and the bulls at the time of the press.

The existing evidence showed that the bears have the upper hand. The price has been drowned to an average level with a daily session closed at $ 0.454 on August 25.

At the time of the press, MACD is hovering around the zero line, and no decisive momentum appears. CMF was in -0.07, indicating large capital flows.

Together, they gave more losses to Jupiter Because.

source: Coinglass

The filter map highlights an area of ​​$ 0.542 -0.548 dollars as a interest zone. Short references concentration can witness a bounce of prices about $ 0.55, which is a local resistance level in the past two weeks.

To the south, the long qualifiers were lower, but gathered around the mark of $ 0.48. Consequently, the decline to $ 0.48 followed by the apostasy to $ 0.548 was likely to follow traders.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer