JUP Price Analysis: Can Jupiter Break Out of the “Manipulation Zone” Into Price Discovery?

Jupiter price is getting attention again after a tweet from analyst Sjuul of AltCryptoGems. He wondered if JUP can break out of the so-called “manipulation zone,” reclaim support, and push into price discovery. He also reminded traders that without a support reclaim, there’s “no party.”

That sentiment captures the mood perfectly. Right now, JUP is in one of those classic crypto crossroads moments. It’s either about to stage a breakout that takes it into uncharted territory, or it’s setting up another rejection that leaves traders disappointed.

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Market Context and Jupiter Price Action

At the moment, JUP is sitting around $0.50 after recovering slightly from a failed breakout at $0.63. That rejection was brutal, sending the token down more than 14% and forcing it back into a narrow band of support around $0.51 to $0.54. 

This zone has become the battleground between buyers and sellers. Hold above it, and bulls keep their hopes alive. Lose it, and the JUP price could sink back to the July lows near $0.39.

Image Source: X/Sjuul

Moreover, traders know exactly what’s standing in the way. The real test is reclaiming the resistance cluster just below $0.63. If JUP can flip that level with strong volume, the door opens toward the $0.76 range and potentially the psychological one-dollar mark. 

That’s the moment when price discovery truly begins, and it’s the kind of move that fuels excitement across social channels.

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Momentum Indicators Paint a Mixed Picture

Momentum indicators are giving the market something to hold onto. On shorter timeframes, the JUP price appears to have broken out of a descending channel. The Chaikin Money Flow has flipped positive, showing renewed buying pressure, while the Awesome Oscillator also suggests bullish momentum. 

In other words, there’s evidence that buyers are quietly stepping back in. But anyone who has traded crypto long enough knows that breakouts can be tricky. Fakeouts are common, and unless the move above resistance is backed by volume and conviction, it can just as quickly unravel.

That’s why the phrase “no support reclaim, no party” is more than just a catchy line; it’s a rule of survival in markets like these. Without a clear reclaim of higher levels, any excitement could be short-lived.

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What Comes Next for JUP Price?

So, where does this leave JUP? It’s really about patience now. If the token can reclaim the upper range and build momentum, the next phase could be explosive, with one dollar acting as the beacon for traders waiting for price discovery. 

But if $0.51 support fails, the chart again indicates the $0.39 area, resetting expectations and quelling the hype once more.

JUP price is still trapped in its manipulation area for now, with everybody waiting to observe who blinks first, the bulls fighting for a breakout or the bears waiting for another breakdown.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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