BITmarkets Team
May 07, 2026
The recent stabilization also comes as price continues to recover from earlier weakness, raising the question of whether the current move could evolve into a stronger recovery or remain a temporary rebound within a larger bearish structure.

JUPUSD - 1 Day Time Frame
JUP has established a support zone between $0.19 and $0.18, which now acts as the primary structural area for the current setup. This zone reflects the area where buyers previously entered the market and supported the recent upward move.
As long as price remains above this support region, the internal bullish structure may remain intact. However, a sustained move below the internal low near $0.17 could weaken the setup and suggest that short-term bullish momentum is fading.
On the upside, the next levels to monitor are located near $0.245, $0.315, and $0.375. These areas may act as resistance zones, where price previously encountered selling pressure and where market activity could increase if revisited. If bullish momentum continues to build, price could gradually move toward these levels. However, each zone may act as a potential barrier, requiring sustained buying pressure for further continuation.
If JUP maintains support above the $0.19–$0.18 region, the first upside target may come into focus near $0.245. A sustained move above this level could open the path toward $0.315, followed by $0.375 if momentum remains supportive.
Conversely, if selling pressure returns and price falls below $0.17, the current recovery structure could weaken significantly. In that case, the broader bearish trend may regain control, potentially exposing lower price areas.
From a broader perspective, JUP still appears to be trading within a larger bearish structure despite recent improvements in short-term momentum. While the internal structure has become more constructive, confirmation of a sustained bullish reversal would likely require acceptance above key resistance levels.
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