Over the past few months, most of our analyses were published during a broader bearish correction that impacted nearly all major cryptocurrencies. However, at the turn of April and May, we identified early signs of a potential shift, signaling the return of bullish momentum.

That scenario has since materialized further, bolstering our outlook. Lingering bearish structures may be fading as bullish momentum across the broader cryptocurrency market continues to mount.

This may present a fresh opportunity for potential gains with the Jupiter (JUP) cryptocurrency, which has witnessed a 15% rise during the past week.

Jupiter technical analysis

JUPUSD - 1 Day Time Frame

With the trend turning upward and technical conditions aligning with long-term momentum, the following setup offers a chance to grow your capital by trading in the direction of the dominant trend.

Following our initial entry, the Jupiter (JUP) token has surged by 30%, and the market is now displaying a clearer bullish structure. This creates a new opportunity to enter—but the key question is: What could traders focus on, and which technical parameter may carry more weight?

From a technical standpoint, the current setup is anchored by a key support zone that formed during strong bullish momentum, further reinforcing its significance. For clarity, we’ve marked this zone in blue on the attached chart.

As long as this support zone holds—meaning the daily candle does not close below it—the position may be maintained in full. However, if a daily close does occur below this level, it may be wise to reduce exposure by partially closing the position.

Jupiter price target

Regardless of how the support zone behaves in the coming days, it’s essential to have a clear Stop Loss (SL) strategy in place. Here, we outline two valid approaches depending on your risk appetite.

A more conservative strategy involves placing the SL below the external higher low, allowing a wider buffer to absorb potential short-term volatility (as shown on the chart).

Alternatively, traders with a more aggressive style may opt for a tighter SL, placed just below the internal higher low, aiming for a more favorable risk-to-reward ratio.

As for profit-taking, the Take Profit levels remain unchanged. These targets align with the Buy-Side Liquidity (BSL) zones—key areas where strong bearish price delivery previously occurred and where the price is likely to revisit as upward momentum continues.