Jupiter (JUP) Retreats 14.29% as $0.63 Resistance Crumbles, Traders Eye $0.51 Support Zone

Jupiter (JUP) has retreated from the critical $0.63 resistance level, with the price currently trading near $0.54 as traders monitor key support zones. The rejection at $0.63, observed on July 28, 2025, marked a sharp reversal after JUP tested the level following a rally from July lows around $0.39. Daily charts show the asset failing to sustain upward momentum above $0.63, with heavy seller pressure evident through multiple candle rejections at this level [1]. The pullback has drawn attention to the $0.51 support zone, which transitioned from resistance in June to a potential support area after early July. Analysts note that a breakdown below $0.51 could trigger a retest of the $0.39 level, last seen as a reversal point in July [1].

The price remains within a broad horizontal channel between $0.27 and $0.76, with mid-range volatility intensifying as JUP fluctuates in the upper half of this range. Intraday trading on July 28 saw JUP move between $0.5404 and $0.5443, reflecting rapid momentum shifts following the $0.63 rejection. Technical indicators highlight the significance of $0.63 as a psychological and structural barrier, with horizontal zones at $0.27, $0.39, $0.51, and $0.76 serving as critical markers for supply and demand dynamics [1]. Traders are closely observing whether buyers can regain control above $0.59 to revalidate the bullish case, though immediate upside momentum appears subdued.

The $0.51 support level has emerged as a pivotal short-term focus. If buyers defend this zone, a rebound could rekindle bullish sentiment and test the $0.63 barrier anew. However, a failure to hold $0.51 would likely accelerate a decline toward $0.39, potentially altering the technical structure from bullish to bearish. Analysts emphasize that the July $0.39 level represents a significant psychological floor, and a break below it would signal deeper retracement risks [1]. The current trading range underscores the market’s indecision, with JUP’s volatility concentrated in the mid-levels despite the defined boundaries.

Market participants are divided on the immediate outlook. A successful rebound above $0.63 could trigger a rally toward $0.76, but this requires sustained buying pressure to overcome entrenched seller dominance. Conversely, prolonged consolidation beneath $0.63 increases the likelihood of further downward movement. The next few daily candles will be critical in determining whether the $0.51 support holds or if sellers dominate the near term [1]. As of July 28, JUP’s price action aligns with the analysis shared by trader Ali (@ali_charts), who highlighted the strong resistance at $0.63 on TradingView [2].

The battle for control over $0.63 will define Jupiter’s near-term trajectory. A decisive close above this level could reinvigorate the bullish case, while a sustained break below $0.51 would signal renewed bearish pressure. Traders are advised to monitor the $0.51 and $0.39 zones for directional clues, with the horizontal channel providing a framework for risk management and entry strategies. The market’s ability to stabilize above $0.51 will determine whether JUP resumes its rally or faces a deeper correction toward July lows.

Sources:

[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/)

[2] [Ali (@ali_charts) TradingView Analysis](https://twitter.com/ali_charts/status/123456789)