Expert Analyst Predicts Jupiter (JUP) Will Outperform Bitcoin Soon – Here’s Why!

Prominent analyst Trade4ddict predicted that Jupiter (JUP) could soon outpace Bitcoin in performance. According to the analysis, a confirmed breakout of a rectangle pattern on the JUP/USDT 1-hour chart signals the potential for continued upward momentum. 

The analyst highlighted technical indicators, support zones, and historical price levels that suggest strong growth potential for JUP’s price. Bitcoin’s slower price action further fuels this sentiment, with JUP showing signs of decoupling.

Jupiter Chart Analysis: Rectangle Pattern Signals Uptrend

Looking at JUP’s recent movement on the 1-hour chart, we can see the price moved sideways for a while, staying between $1.12 at the bottom and $1.18 at the top. This created a clear rectangle pattern. When the price finally pushes through this range, it signals that JUP might keep climbing higher.

Key swing points (A and B) within the rectangle acted as pivot levels during this phase. Following the breakout, JUP’s price established $1.18 as a new support level, reinforcing its bullish outlook. Analysts frequently monitor such retests of previous resistance levels for confirmation of trend strength.

Fibonacci Extensions and JUP Price Targets

The analyst referenced Fibonacci extensions to project potential price targets for JUP. These targets are calculated at $1.4286 (100%), $1.6184 (161.8%), and $1.6084 (200%). Such projections often serve as guidelines for traders aiming to capitalize on momentum.

Further upward movement aligns with the analyst’s prediction of $1.85 as a “magnet” level. This figure corresponds to JUP’s previous all-time high (ATH), which remains a psychological and technical resistance level. Historical price patterns often see assets revisiting these highs after a sustained breakout.

The long setup for JUP offers an attractive risk/reward ratio. Stop-loss levels are strategically placed below the rectangle’s lower boundary or the breakout level, minimizing potential losses. Meanwhile, the upside potential extends beyond Fibonacci levels, creating a favorable environment for traders.

Read Also: Missed the XRP Price Pump? These Altcoins Are Gearing Up to Produce Even Higher Gains

Positive Correlation with Bitcoin Outperformance

The prediction that JUP could outperform Bitcoin stems from recent patterns indicating positive decoupling. While Bitcoin has experienced subdued price action, JUP’s price has shown momentum-driven growth. Such movements often attract traders looking to diversify into altcoins with higher growth potential.

By combining technical patterns, Fibonacci levels, and market sentiment, the analyst underscores the potential for JUP to achieve notable gains in the coming sessions. As always, traders are advised to monitor these levels closely while managing risks.

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