Date: Mon, Nov 10, 2025 | 10:10 AM GMT
The cryptocurrency market continues to highlight strong performance as the price of Ethereum (ETH) jumps more than 6 percent today, allowing several major altcoins to show signs of strength — including Jupiter (JUP).
JUP is up with 7% jump and more importantly, its technical setup is showing signs of a possible bullish reversal. The chart now reveals a key pattern formation that could set the stage for an upside breakout in the coming sessions.
Descending Broadening Wedge Pattern in Play
On the 4-hour chart, JUP has been trading inside a descending broadening wedge. This structure is known as a bullish reversal pattern that often forms during corrective phases and typically signals growing volatility followed by a breakout to the upside.
During the latest pullback, JUP retested the lower boundary of the wedge near $0.3214, a zone that has consistently acted as strong support. Buyers stepped in confidently at this level, initiating a rebound that lifted the price toward $0.3622, placing it very close to the wedge’s upper resistance trendline.
The tightening price action near this upper boundary reflects increasing momentum and rising breakout pressure.
What’s Next for JUP?
If buyers manage to push JUP above the upper wedge trendline and reclaim the 200 Moving Average positioned near $0.3783, the chart would confirm a bullish breakout. From there, the next technical target sits around $0.50, which marks roughly a 37 percent potential upside from current levels.
If JUP faces rejection at the resistance zone, it may continue moving sideways inside the wedge. In that case, the $0.3349 region will act as the key short-term support to monitor.
For now, the overall technical structure appears constructive. With the descending broadening wedge intact and buyers defending critical support, JUP is shaping up for a meaningful breakout attempt, especially if broader market sentiment strengthens through November.
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