Jupiter Price Analysis

• Jupiter strikes aggressively at $0.35 after the parallel channel breakage.
• The price must stay at or above $0.50 to maintain a bullish trend.
• With resistance at $0.60, $0.35 becomes a probable target.

Jupiter (JUP) has recently broken out of a parallel channel, indicating a possible change in its price trend. The daily chart reveals that the asset’s price has surpassed strong resistance levels and is now aiming for $0.35. This breakout marks a significant point for JUP as it moves away from prolonged sideways movement. If JUP can sustain its recent momentum, an upward breakout could occur.

> #Jupiter $JUP has broken out of a parallel channel and continues pushing toward the $0.35 target! pic.twitter.com/wkL9BMUb7R
> — Ali (@ali_charts) March 23, 2025

Reviewing price action from May 2024 to March 2025, JUP has oscillated within a parallel channel between $0.25 and $1.00. The last breakout occurred near the $0.50 level, crossing above the channel’s upper boundary. This transition signals potential for upward movement as the asset encounters less resistance compared to its previous range. However, the next resistance zone around $0.60 must be closely monitored for confirmation of a continued bullish trend or a potential pullback.

Following the breakout, Jupiter’s price targets $0.60, with solid upward momentum starting at $0.40, indicating a possible bullish shift. The $0.60 resistance is preceded by the $0.35 target, viewed as speculative given the current price actions. If JUP maintains decent buying, it may navigate through these levels, making $0.35 a concrete target for short-term traders.

Key Levels to Observe in JUP’s Next Move

As Jupiter rises, focus will remain on its ability to remain above the $0.50 zone. Sustaining this consolidation could pave the way for further upward movement. The critical price targets at $0.60 and $0.35 will shape the token’s trajectory. Any sign of reversal below $0.50 could imply a fleeting breakout, requiring traders to reassess their positions.