Market Overview: JUPUSDT Faces Key Support Test After Sharp 24-Hour Drop

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 8:11 am ET1min read
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Aime RobotAime Summary

- JUPUSDT broke below $0.2135 support with bearish engulfing patterns, confirming downward momentum.

- Surging volume during the breakdown suggests institutional involvement, while RSI in oversold territory hints at potential bounces.

- MACD bearish divergence and tightening Bollinger Bands indicate continued downside risks despite Fibonacci support at $0.2101.

- Double-bottom formation and 61.8% retracement level ($0.2109) could offer near-term buying opportunities if buyers reengage.

Summary
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JUPUSDT
broke below key support at $0.2135, confirming bearish momentum with bearish engulfing patterns.
• Volume surged during the breakdown, validating the move as institutional in nature.
• RSI entered oversold territory but remains within a tightening Bollinger Band, indicating potential for a bounce.
• Price action formed a 38.2% Fibonacci retracement at $0.2116, signaling a possible short-term floor.
• MACD showed bearish divergence with price, suggesting further downside risk ahead.

Jupiter/Tether (JUPUSDT) opened at $0.2176 on 2026-01-09 12:00 ET, surged to a high of $0.2191, then fell to a 24-hour low of $0.2101 before closing at $0.2136 on 2026-01-10 12:00 ET. Total volume reached 2.63 million, with $561,123 in turnover.

Structure & Key Levels


Price carved a sharp bearish structure, breaking below $0.2135 support with a bearish engulfing pattern confirming the breakdown. A double-bottom formation appeared at $0.2101–0.2105, suggesting a potential bounce near this level. The 61.8% Fibonacci retracement at $0.2109 could offer near-term support if buyers reengage.

Trend and Momentum


Short-term momentum, as shown by the 5-minute 20/50 SMA, remained bearish with price below both. The daily chart showed a bearish crossover of the 50/200 SMA, reinforcing the downtrend. RSI hit oversold territory, but the divergence in MACD suggests further downside may follow.

Volatility and Volume


Volatility expanded as Bollinger Bands widened during the early hours, then tightened as volume waned near the close. A strong volume spike occurred during the breakdown below $0.2135, indicating institutional involvement. However, turnover has since declined, suggesting exhaustion in the short term.

JUPUSDT may test $0.2101 support next, with a potential bounce to $0.2135 if the level holds. Traders should monitor for a break below $0.2101, which could trigger further liquidation.

Risk remains skewed to the downside with the momentum and structure aligned bearishly. Investors should be cautious of a potential short-covering rally in the near term.