Over the weekend, Bitcoin once again broke through its all-time high, with the price approaching the psychological level of $126,000. Such momentum often signals renewed optimism across the cryptocurrency market, creating potential opportunities to expand portfolios with other promising assets.

One of the tokens attracting attention is Jupiter, which could experience a significant upside if it revisits its annual high — an increase of over 180%.

Jupiter technical analysis

JUPUSD - 1 Day Time Frame

Looking back at June’s market behavior, a similar setup can be observed to the one currently developing — a buying opportunity shaped by liquidity dynamics and a confirmed breakout.

At that time, the price briefly dipped below a key low, gathering Sell-Side Liquidity, before closing above a resistance zone that had previously defined bearish price delivery. From that point, bullish price action followed, and the token rose by more than 70%.

In August and September, conditions shifted slightly as the price entered a corrective phase. Over time, this retracement has appeared constructive, positioning the current setup within the Discount zone — typically seen as more favorable for accumulation in the longer term compared to the Premium zone.

Currently, Jupiter’s price has once again declined following a liquidity sweep, potentially even more substantial than before. This move captured Stop orders placed below the July-to-September lows. Shortly afterward, the price closed above a major resistance zone, effectively transforming it into support. Both relevant areas are highlighted in orange on the accompanying chart.

Jupiter price target

A Stop Loss order could be placed below the internal low, as indicated on the chart. If the price closes below the newly established support zone, a partial exit could be considered to limit potential losses.

Conversely, profit-taking may be planned as the price approaches successive Buy-Side Liquidity levels, with the annual high near $1.27 remaining a key potential upside target.