Jupiter’s Textbook Double Bottom: Will a Break Above $0.66 Unlock $1.00?

Jupiter ($JUP) forms a textbook double bottom near $0.32, signaling a potential bullish reversal toward the $1.00 mark.

A confirmed daily close above the $0.66 neckline with volume could trigger a powerful 174% breakout for $JUP.

Volatility is compressing below resistance as $JUP builds pressure for a directional breakout from its reversal base.

Jupiter ($JUP) is displaying signs of a bullish technical reversal with a double bottom pattern forming on its daily chart. This structure suggests a potential price breakout toward the $0.96–$1.00 region, contingent on neckline confirmation.

Technical Pattern Sets Stage for Potential Breakout

is displaying signs of a bullish technical reversal with a double bottom pattern forming on its daily chart. This structure suggests a potential price breakout toward the $0.96–$1.00 region, contingent on neckline confirmation.

Technical Pattern Sets Stage for Potential Breakout

The current setup reflects a well-defined double bottom pattern that has developed following a significant downtrend since February. Price action rebounded from $0.32 twice, forming clear support. Resistance is visible near the neckline around $0.65 to $0.66.

As we can see from the post above by market analyst Bitcoinsensus, the tone remains bullish on $JUP. The analysis points to a textbook double bottom, which typically signals a reversal when the neckline is breached. The projected target stands at $0.96, representing

The current setup reflects a well-defined double bottom pattern that has developed following a significant downtrend since February. Price action rebounded from $0.32 twice, forming clear support. Resistance is visible near the neckline around $0.65 to $0.66.

As we can see from the post above by market analyst Bitcoinsensus, the tone remains bullish on $JUP. The analysis points to a textbook double bottom, which typically signals a reversal when the neckline is breached. The projected target stands at $0.96, representing a potential 174% rally from the current price.

According to Bitcoinsensus, the second bottom formed near $0.32 in late June, after the first leg developed in mid-March. $JUP currently trades near $0.35, just beneath the neckline that defines the pattern’s breakout point. Volume, along with a close above $0.66, is key to confirming the bullish signal.

Bitcoinsensus Cites Compression and Pole Height as Key Catalysts

Bitcoinsensus has provided insights into the internal structure of the pattern and its implications for price behavior. The visual chart outline indicates a compression phase within the neckline region, increasing the probability of a strong breakout. Support levels remain solid after two successful retests of the $0.32 region.

What’s even more compelling is the height of the measured move, which spans from the $0.32 base to the $0.66 neckline. According to the analyst, this range defines the breakout pole, suggesting a full extension to the $1.00 level if confirmed. The arrow marked near mid-July implies a timing window for a potential launch.

Another important point to keep in mind is that this setup follows extended downside pressure, making the pattern more reliable. The analyst indicates that narrowing volatility is pressuring the price to choose a direction. Still, this doesn’t mean everything is settled-confirmation remains critical.

On top of that, there’s the fact that sustained closes above $0.66 are needed, along with rising volume. Until those signals appear, $JUP will likely continue to trade inside its consolidation range, keeping traders on alert.

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