Jupiter (JUP) Price Makes Bullish Close Above Key Level, but One More Resistance Could Disrupt Rally

Jupiter’s (JUP) price has achieved a bullish weekly close above a key level, indicating positive momentum for Jupiter. As noted by Rekt Capital, the highlighted red area is beginning to demonstrate initial signs of support.

Read Also: SEI Price Breaking Out with Major Bullish Pattern: Analyst Forecasts a 250% Surge

If this support continues to hold, it could create a foundation to reclaim the resistance level at $1.29 (marked in black).

Forming a solid base in the red region is essential for JUP price to continue its upward trajectory. We need to see a break above the $1.29 level next, which could set the stage for a major rally in Jupiter’s price.

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