bullish

Jupiter

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<p>Jupiter (JUP) has recently demonstrated a bullish breakout, while Cat in a Dog’s World (MEW) faces challenges as it attempts to navigate resistance levels.&nbsp;</p>
<p>Both tokens rank among the top five gainers in the crypto market today, with Jupiter’s price witnessing a 4.32% rise and MEW showing a 5.15% surge over the past day. Traders and investors are watching these developments, especially in light of insights from prominent market analysts.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-you-shouldnt-buy-spx-memecoin/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why You Shouldn’t Buy SPX MemeCoin</a></em></strong></p>
<h2 class="wp-block-heading" id="jupiter-price-upward-momentum">Jupiter Price Upward Momentum</h2>
<p>Jupiter’s price action has indicated a positive shift following a breakout from its previous downtrend. This breakout occurred just before October, suggesting a potential reversal in sentiment.&nbsp;</p>
<p>The price has reached a strong support zone around $0.80, where buyer interest has been evident. Key resistance levels include $1.04 and $1.22, with short-term targets set at $1.20 and $1.50, as noted by analyst Mahmoud Sardauna. His analysis underscores a cautious optimism surrounding Jupiter’s price trajectory.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-1024x461.png" alt="" class="wp-image-570269" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-767x345.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-1536x691.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-2048x922.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-778x350.png 778w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812-788x354.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-812.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Mahmoudsardauna/status/1848308077772046658" target="_blank" rel="noopener noreferrer nofollow">X/MahmoudSardauna</a></em></strong>
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<p>The recent trend shows multiple peaks and troughs, reinforcing the idea that the token is experiencing volatility. As traders monitor resistance levels closely, a successful breakout could pave the way for further upward momentum. The bullish sentiment surrounding Jupiter remains palpable, as evidenced by its performance in the market.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/elite-crypto-analysts-say-bitcoin-is-digging-deeper-predict-btc-dominance-at-60-before-eoy/" target="_blank" rel="noopener noreferrer nofollow">Elite Crypto Analysts Say Bitcoin is ‘Digging Deeper,’ Predict BTC Dominance at 60% Before EOY</a></em></strong></p>
<h2 class="wp-block-heading" id="mew-price-faces-resistance-challenges">MEW Price Faces Resistance Challenges</h2>
<p>Conversely, MEW is currently in a bullish zone, but the price has not completed a crucial pattern retest. According to analyst Crypto_Jobs, the chart reveals a potential double-top pattern that may signal a bearish correction.&nbsp;</p>
<p>The key support levels to watch are at $0.00800 and $0.00750, where buying interest has been strong in the past. The upper resistance zone is positioned around $0.010, which has historically posed challenges for upward movement.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/MEW?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MEW</a> &nbsp;/ USDT – Price analysis:<br><br>Bullish zone daily, but the price hasn't completed the pattern retest!<br><br>I see a possible double top &amp; bearish correction&nbsp;<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Key supports that will probably be tested:&nbsp; <br>0.00800 – 0.007500$&nbsp;<br><br>Prices could continue to move upward, but currently the… <a href="https://t.co/7YQQV8YB7B" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7YQQV8YB7B</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1848377538713620706?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 21, 2024</a>
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<p>The volatility in MEW’s price action suggests that while upward movement is possible, significant resistance could impede progress. As the price oscillates near these critical levels, traders are advised to remain vigilant and prepared for potential corrections.</p>
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<h2 class="wp-block-heading" id="market-dynamics">Market Dynamics</h2>
<p>Jupiter and MEW reflect the dynamic nature of the cryptocurrency market, with their recent performances capturing the attention of traders. The simultaneous growth of both tokens indicates a broader trend of optimism in the market. Investors should consider the insights from experienced analysts to inform their trading strategies effectively.</p>
<p>Overall, Jupiter’s breakout and MEW’s resistance levels present a unique opportunity for traders to navigate the market. With ongoing price movements, these tokens will continue to attract attention as they develop. Monitoring the evolving price action in both Jupiter and MEW will be essential for making informed trading decisions.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-solana-chart-suggests-sol-price-could-go-parabolic-starting-today/" target="_blank" rel="noopener noreferrer nofollow">This Solana Chart Suggests SOL Price Could ‘Go Parabolic’ Starting Today</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/jupiter-jup-price-poised-for-growth-while-this-crypto-trader-warns-mew-holders/" rel="noopener noreferrer nofollow">Jupiter (JUP) Price Poised for Growth While This Crypto Trader Warns MEW Holders</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Jupiter (JUP) Price Poised for Growth While This Crypto Trader Warns MEW Holders

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