Jupiter (JUP) Falls 14.3% After Failed $0.63 Breakout, Eyes $0.51 Support

Jupiter (JUP) experienced a significant price reversal following a failed attempt to break through the $0.63 resistance level on July 28, 2025. After a strong upward move from the July lows around $0.39, the token encountered heavy selling pressure at $0.63, marking a critical technical threshold. The rejection at this level triggered a rapid pullback, with the price dropping to $0.54 within a short timeframe. Analysts and traders are now closely monitoring the $0.51 support zone, which has transitioned from a June resistance level to a potential bounce area. If buyers fail to defend $0.51, the next major support lies at $0.39, the July bottom that previously acted as a reversal point.

The price remains within a broad horizontal channel between $0.27 and $0.76, with volatility concentrated in the mid-range. The daily chart illustrates a clear failure to sustain momentum above $0.63, evidenced by a rejection wick and consistent sell-side pressure. This pattern suggests the $0.63 level has become a psychological barrier, with traders likely to reassess strategies unless bulls regain control above $0.59. The current structure indicates a temporary top, but the bullish scenario remains technically valid as long as lower support zones hold.

The technical analysis highlights the importance of the $0.51 level as a critical inflection point. A successful defense of this zone could reignite upward momentum toward $0.63, while a breakdown would likely accelerate the slide toward $0.39. The July 28 price action, which saw JUP trading between $0.5404 and $0.5443, underscores the fragility of the current rally. Traders are advised to watch for signs of strength or weakness in the coming days, as the next few daily candles will be pivotal in confirming the trend’s direction.

Key risks for the market include prolonged consolidation beneath $0.63, which could entrench the bearish bias and trigger further retracement. Conversely, a daily close above $0.63 would signal renewed buyer dominance and potentially propel the price toward $0.76. The ongoing battle between buyers and sellers at $0.51 will determine whether the token stabilizes or faces a deeper correction. Analysts emphasize that without a clear breakout, the market may remain range-bound, with volatility persisting as participants test key levels.

The rejection at $0.63 aligns with historical patterns observed in early May, where similar resistance emerged. The horizontal zones drawn at $0.27, $0.39, $0.51, $0.63, and $0.76 provide a structured framework for identifying supply and demand dynamics. As of July 28, JUP’s price action reflects a delicate balance between bullish optimism and bearish caution, with the next few days likely to dictate the near-term trajectory.

The analysis from Ali (@ali_charts), as noted on TradingView, reinforces the significance of the $0.63 resistance zone. His observation that “Jupiter faces strong resistance at $0.63” is supported by the sharp pullback observed in the daily chart. This technical insight underscores the role of key levels in shaping short-term market sentiment.

Source: [1] [Jupiter Pulls Back From $0.63 With $0.51 as Key Support Level] [https://cryptonewsland.com/jupiter-pulls-from-0-63-with-0-51-as-support/]