Jupiter

Bitcoin

Read

Gains

<p>Prominent analyst Trade4ddict predicted that Jupiter (JUP) could soon outpace Bitcoin in performance. According to the analysis, a confirmed breakout of a rectangle pattern on the JUP/USDT 1-hour chart signals the potential for continued upward momentum.&nbsp;</p>
<p>The analyst highlighted technical indicators, support zones, and historical price levels that suggest strong growth potential for <a href="https://captainaltcoin.com/jupiter-jup-price-set-for-double-digit-spike-after-this-breakout-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">JUP’s price</a>. Bitcoin’s slower price action further fuels this sentiment, with JUP showing signs of decoupling.</p>
<h2 class="wp-block-heading" id="jupiter-chart-analysis-rectangle-pattern-signals-uptrend">Jupiter Chart Analysis: Rectangle Pattern Signals Uptrend</h2>
<p>Looking at JUP’s recent movement on the 1-hour chart, we can see the price moved sideways for a while, staying between $1.12 at the bottom and $1.18 at the top. This created a clear rectangle pattern. When the price finally pushes through this range, it signals that JUP might keep climbing higher.</p>
<p>Key swing points (A and B) within the rectangle acted as pivot levels during this phase. Following the breakout, <a href="https://captainaltcoin.com/why-is-jupiter-jup-price-building-momentum-elite-analysts-share-insights/" target="_blank" rel="noopener noreferrer nofollow">JUP’s price</a> established $1.18 as a new support level, reinforcing its bullish outlook. Analysts frequently monitor such retests of previous resistance levels for confirmation of trend strength.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="547" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-1024x547.png" alt="" class="wp-image-592838" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-1024x547.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-767x410.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-1536x821.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-2048x1095.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-655x350.png 655w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178-788x421.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-178.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Trade4ddict/status/1864240430205841795" target="_blank" rel="noopener noreferrer nofollow">X/Trade4ddict</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="fibonacci-extensions-and-jup-price-targets">Fibonacci Extensions and JUP Price Targets</h2>
<p>The analyst referenced Fibonacci extensions to project potential price targets for JUP. These targets are calculated at $1.4286 (100%), $1.6184 (161.8%), and $1.6084 (200%). Such projections often serve as guidelines for traders aiming to capitalize on momentum.</p>
<p>Further upward movement aligns with the analyst’s prediction of $1.85 as a “magnet” level. This figure corresponds to JUP’s previous all-time high (ATH), which remains a psychological and technical resistance level. Historical price patterns often see assets revisiting these highs after a sustained breakout.</p>
<p>The long setup for JUP offers an attractive risk/reward ratio. Stop-loss levels are strategically placed below the rectangle’s lower boundary or the breakout level, minimizing potential losses. Meanwhile, the upside potential extends beyond Fibonacci levels, creating a favorable environment for traders.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/missed-the-xrp-price-pump-these-altcoins-are-gearing-up-to-produce-even-higher-gains/" target="_blank" rel="noopener noreferrer nofollow">Missed the XRP Price Pump? These Altcoins Are Gearing Up to Produce Even Higher Gains</a></em></strong></p>
<h2 class="wp-block-heading" id="positive-correlation-with-bitcoin-outperformance">Positive Correlation with Bitcoin Outperformance</h2>
<p>The prediction that JUP could outperform Bitcoin stems from recent patterns indicating positive decoupling. While Bitcoin has experienced subdued price action, <a href="https://coinmarketcap.com/currencies/jupiter-ag/" target="_blank" rel="noopener noreferrer nofollow">JUP’s price</a> has shown momentum-driven growth. Such movements often attract traders looking to diversify into altcoins with higher growth potential.</p>
<p>By combining technical patterns, Fibonacci levels, and market sentiment, the analyst underscores the potential for JUP to achieve notable gains in the coming sessions. As always, traders are advised to monitor these levels closely while managing risks.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-analyst-predicts-jupiter-jup-will-outperform-bitcoin-soon-heres-why/" rel="noopener noreferrer nofollow">Expert Analyst Predicts Jupiter (JUP) Will Outperform Bitcoin Soon – Here’s Why!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Analyst Predicts Jupiter (JUP) Will Outperform Bitcoin Soon – Here’s Why!

Table of Contents

CaptainAltcoin

Other articles published on Dec 4, 2024

Cardano Whales Sell $69 Million ADA – Is a Price Dip Coming Before Token Unlock?

Meet $SAFU - The Binance Trademark Mascot - ready to explode with a ton of bullish news!

Hedera Hashgraph Breaks Resistance, Analyst Predicts Bright Future for $HBAR

How Did BlackRock’s Bitcoin ETF Quietly Amass 500,000 BTC in AUM?

XRP Price Prediction: XRP Gets $28 Price Tag From Analyst Who Predicted Dogecoin’s 36,000% Surge ...

Britain plans to take on the US as a global crypto hub — but can they?

Join our free newsletter for daily crypto updates!