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Summary
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Jupiter/Tether (JUPUSDT) opened at $0.2001 on 12/28 at 12:00 ET and traded as high as $0.2053 before closing at $0.1973 at 12:00 ET on 12/29. The pair reached an intraday low of $0.1961. Total volume was 6,155,465.5, with a notional turnover of $1,253,460.2.
Structure & Candlestick Patterns
Price action showed key support at $0.197 and resistance near $0.203–0.204. A bullish engulfing pattern emerged around 04:15 ET, followed by a bearish doji at 05:15 ET, hinting at indecision after the bounce. Multiple tests of $0.197 failed to break through, reinforcing its short-term support role.
Moving Averages
Short-term 20/50-period 5-minute averages indicated bullish momentum in the early hours but shifted to bearish as price fell below the 50 MA after 05:00 ET. Daily 50/100/200 MA levels remain neutral, with no clear bias yet emerging on the broader time frame.

Momentum and Volatility
RSI hovered around 50 most of the session, showing balanced buying and selling pressure. Bollinger Bands narrowed between 06:00 and 08:00 ET, signaling potential for a breakout or breakdown in the following hours. Price eventually drifted lower, suggesting bearish bias for the time being.
Volume and Turnover
Volume spiked to over 700,000 during the 01:45 ET candle as price surged from $0.2007 to $0.2024, confirming bullish momentum. However, turnover did not follow suit, hinting at possible divergence. A second volume surge at 04:15 ET coincided with a high of $0.2053, but price failed to hold above $0.204 in the following session.
Fibonacci Retracements
Key 5-minute swings from $0.203 to $0.2005 found support at the 38.2% and 61.8% levels, with the 0.197 level aligning closely with the 61.8% retracement of the earlier morning rally. These levels appear to be strong psychological barriers for near-term price.
Looking ahead, JUPUSDT could retest 0.197 support or attempt a move above 0.203 for a potential short-term reversal. Investors should remain cautious as volatility appears to be building after a period of consolidation.
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