Analyzing the **JUP/USDT** chart, here's a detailed breakdown:
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### **Current Market Overview**
1. **Price Action**:
- The price is trading around **$0.8348**, showing a slight recovery of **+2.64%**.
- There has been a significant downtrend from recent highs near $1.30.
2. **Key Moving Averages (MA)**:
- The 50 EMA (white), 100 EMA (yellow), and 200 EMA (gray) are acting as dynamic resistance levels.
- Price is attempting to retest the **50 EMA (0.9659)**, which coincides with TP1.
3. **CM_Ultimate MACD Indicator**:
- Bullish momentum is beginning to build, indicated by the green histogram flipping positive.
- Crossovers suggest a potential continuation of the upward movement.
4. **MACD Histogram**:
- The MACD line shows recovery momentum, but a clean bullish crossover is yet to occur.
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Short-Term Targets
1. **TP1 (Take Profit 1)**: **$0.9659**
- A retest of the **50 EMA** and the previous strong support-turned-resistance level.
2. **TP2 (Take Profit 2)**: **$1.1064**
- Mid-term resistance aligning with previous consolidation zones.
3. **TP3 (Take Profit 3)**: **$1.3107**
- A major resistance and psychological level.
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Long-Term Targets
- $2.00:
- This aligns with Fibonacci extension levels and historic resistance during the earlier bull market.
- $5.00:
- A significant target for bulls, requiring major market momentum and broader crypto adoption or partnership news.
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Attractive Features for Investors
1. **Bullish Reversal Potential**:
- If the price can close above **$0.9659**, it signals a strong potential for a reversal toward **$1.10-$1.30** in the mid-term.
2. **Low Risk-High Reward Zone**:
- Current prices near **$0.83** are significantly discounted from previous highs, providing a favorable risk/reward ratio.
3. **Technical Support**:
- The **$0.79-$0.80** range acts as strong horizontal support, minimizing downside risk.
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Strategy for Bulls
1. **Accumulation Zone**: **$0.80-$0.84**.
- Consider entering around these levels if volume and momentum increase.
2. **Stop-Loss**: **$0.75**.
- Below this, the trend might invalidate, suggesting further downside.
3. **Targets**:
- Short-term: **$0.96, $1.10**.
- Long-term: **$2.00, $3.00**.
Summary
- **Short-Term Bullish**: A breakout above the 50 EMA could lead to a rally toward $1.10 or higher.
- Long-Term Ambition: Momentum and market participation could eventually push prices toward $2-$5 in a macro bull run.