Summary
• Price moved in a bullish consolidation pattern with key resistance around 0.1895.
• Volume surged during late overnight hours, confirming strength near 0.189–0.190.
• RSI suggests moderate momentum without overbought conditions, indicating potential continuation.
• Volatility remained elevated with Bollinger Bands widening after a brief contraction.
Jupiter/Tether (JUPUSDT) opened at 0.1884 on 2025-12-31 12:00 ET, reached a high of 0.1902, a low of 0.1853, and closed at 0.1899 on 2026-01-01 12:00 ET. Total 24-hour volume was 1,351,177.8 and notional turnover was 253,671.17.
Structure & Formations
Price developed a bullish consolidation pattern within a descending triangle on the 5-minute chart, with a key resistance level forming near 0.1895. A strong breakout occurred near the end of the 24-hour window, pushing above this level and confirming the pattern's validity. Several bullish engulfing patterns were visible in the late overnight hours, especially around 09:15–11:15 ET, suggesting strong buying pressure. A long-legged doji formed near the low of the session, indicating momentary indecision but not bearish confirmation.
Moving Averages
On the 5-minute chart, price moved above both the 20 and 50-period moving averages, reinforcing the bullish trend. On the daily chart, the 50-period MA acted as a dynamic support, with the 100 and 200-period MAs below, suggesting a short-term bullish bias.
MACD & RSI
MACD showed a positive divergence in the final hours of the 24-hour period, confirming the upward momentum. RSI remained in a healthy range around 55–60, avoiding overbought territory and suggesting room for further upside without exhaustion.
Bollinger Bands
Volatility expanded significantly in the final hours, with Bollinger Bands widening following a brief contraction in the early morning hours. Price closed near the upper band, indicating strong momentum and potential for continued upward movement, at least in the near term.
Volume & Turnover
Volume surged in the late overnight hours, especially between 09:00–11:30 ET, with a sharp increase in notional turnover confirming the price breakout above key resistance. No significant divergence between volume and price was observed, supporting the strength of the move.
JUPUSDT appears to have broken through a key resistance cluster, backed by strong volume and bullish candlestick formations. The RSI and MACD suggest continued upward momentum could follow. However, a pullback into the 0.187–0.189 consolidation range could test buyers’ commitment in the next 24 hours. Investors should watch for a possible retest of this level and monitor for divergence in momentum indicators.
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