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?
What you'll learn 👉
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.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
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:
- Price Pattern That Triggered the Last 200x Move for Dogecoin (DOGE) Re-emerges; Here’s the Potential Target
- Chainlink Continues Uptrend with Bullish Forecasts and Mixed Signals Amid RWAs Expansion: How High Can LINK Go?
- From Playful to Profitable Dogecoin (DOGE) and Shiba Inu (SHIB) Investors Pounce on Koala Coin (KLC) Opportunities
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.