Summary
• Price consolidated between 0.2002–0.2036, failing to break key resistance.
• Volume surged during early hours, but price failed to confirm bullish momentum.
• RSI showed oversold levels briefly, while Bollinger Bands narrowed, signaling potential volatility.
Jupiter/Tether (JUPUSDT) opened at 0.2027 at 12:00 ET−1, reaching a high of 0.2036 and a low of 0.2002, closing at 0.2008 by 12:00 ET. Total volume for the 24-hour window was 1,197,345.1, with a notional turnover of 237,075.24 USD.
The structure of price action showed a clear consolidation range between 0.2002 and 0.2036, with no decisive breakout. Key support appeared to form near 0.2002, which held multiple times, and resistance lingered at 0.2026. A bearish engulfing pattern formed at 02:45 ET, followed by a doji at 03:15 ET, signaling indecision.
Structure & Formations
Price tested 0.2002 three times during the session, with volume increasing on lower closes. The 0.2026 level acted as a strong resistance, repelling bullish attempts. A bearish continuation pattern formed between 02:30 and 04:30 ET, with a sharp decline in both price and volume.
Moving Averages
On the 5-minute chart, price spent much of the session below the 20- and 50-period moving averages, reinforcing a bearish bias. Daily moving averages (50, 100, 200) were not explicitly crossed, but the price remained within a defined range, lacking directional clarity.
MACD & RSI
The MACD showed a bearish crossover in the early hours, followed by a narrowing histogram, indicating waning momentum.
RSI briefly entered oversold territory around 03:30 ET but failed to trigger a meaningful rebound, suggesting exhaustion in the short-term bounce.
Bollinger Bands
Bollinger Bands were relatively narrow for most of the session, signaling low volatility. Price remained within the bands, with the exception of a brief touch of the upper band at 00:15 ET. The widening of bands during the 04:15–05:30 ET period indicated increasing volatility, though price failed to break the range.
Volume & Turnover
Volume spiked at 04:15 ET with a large candle moving from 0.2012 to 0.2014, but no follow-through occurred. Notional turnover confirmed the largest volume spikes, particularly in the early morning, suggesting genuine participation. Divergence between volume and price appeared at 05:30 ET, as volume increased without a corresponding price move.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fibonacci level of the 0.202–0.2036 range held at 0.2018, which acted as a key level during mid-session trading. On the daily chart,
remained within the 38.2%–61.8% retracement range of its broader trend, indicating a possible continuation of consolidation.
JUPUSDT appears to be testing key support and resistance levels without a clear breakout. The next 24 hours could bring a decisive move if volume picks up alongside a directional bias. Investors should remain cautious, as divergence and indecisive candle patterns suggest market uncertainty ahead.
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