Jupiter (JUP) and Mantle (MNT) Prices Pumping – Here’s Why 

Cryptocurrencies Jupiter (JUP) and Mantle (MNT) have captured investors’ attention with impressive price surges over the past day. According to CoinMarketCap data, JUP skyrocketed 22.58% to $1.55, while MNT climbed 12.97% to $1.31 in the last 24 hours. But what exactly is fueling these rallies?

Jupiter Analysis

Diving into technical analysis from top crypto analysts sheds light on the underlying forces at play. For JUP, @Bluntz_Capital’s 4-hour chart highlights a significant uptrend at point A, followed by high volatility around point B where prices peaked before a steep sell-off. Prices then entered a consolidation phase at point C, fluctuating within a range.

Notably, @Bluntz_Capital identifies resistance around the $1.50 to $1.60 range where JUP has repeatedly hit ceilings. With JUP currently retesting those levels, a decisive breakout could catalyze the next leg higher if momentum persists.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Mantle Technicals

Turning to MNT, @FortuneNodeOfficial examined daily charts revealing bullish technicals. The moving average convergence divergence (MACD) indicator shows the MACD line above its signal line and baseline, signaling upward momentum. Additionally, MNT’s price trades above key moving averages, confirming an overall uptrend.

Most notably, the analyst highlights MNT’s 133.17% price surge from around $0.80 to $1.86 within the green rectangle. While off those highs, MNT’s current price near $1.31 suggests the rally remains intact for now.

The technical formations witnessed across both JUP and MNT align with their price action lately. However, cryptocurrencies are highly volatile, and investors should exercise thorough due diligence. Still, the charting perspectives offer a granular, data-driven view into the fundamental and sentiment drivers potentially powering these surges.

You may also be interested in:

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo