Date: Mon, June 30, 2025 | 10:44 AM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) has rebounded sharply, jumping over 11% in the last 7 days and currently trading around the $2,450 mark. This renewed strength in ETH has revived positive momentum across the major altcoins.
Among the standout performers, the DEX token Jupiter (JUP) is back on a bullish path with a solid 30% weekly gain. Interestingly, a key harmonic pattern forming on the daily chart suggests that this move may just be the beginning of a larger upside.
Harmonic Pattern Hints at Major Upside
A closer examination of JUP’s daily chart reveals the development of a textbook Bearish Bat harmonic pattern. This structure is widely used by technical analysts to identify potential reversal or exhaustion zones — especially when the final CD leg is underway.
The pattern originates from point X near $1.01, followed by a sharp decline to A, a bounce to B, and a drop to point C around $0.325. From this low, JUP has started to climb and is currently trading around $0.45. The token is approaching its 200-day moving average at $0.637, which could serve as the next critical resistance.
If the harmonic setup plays out fully, JUP could rally toward the Potential Reversal Zone (PRZ) between $0.93 and $1.01 — matching the 0.886 and 1.0 Fibonacci extensions often used to mark the pattern’s completion.
What’s Next for JUP?
If JUP continues its bullish momentum and successfully breaks above the 200-day MA, it could confirm a strong uptrend continuation. From current levels, this would suggest a potential upside of more than 100%, with $0.93–$1.01 as the likely target zone.
However, if JUP fails to maintain strength and drops below $0.32, the bullish pattern may be invalidated — potentially leading to a short-term pullback or sideways movement before another attempt to move higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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