Bitget App
Trade smarter
Is Jupiter (JUP) Poised for a Breakout? Key Pattern Formation Suggests So!

Is Jupiter (JUP) Poised for a Breakout? Key Pattern Formation Suggests So!

CoinsProbeCoinsProbe2025/11/10 18:33
By:Nilesh Hembade

Date: Mon, Nov 10, 2025 | 10:10 AM GMT

The cryptocurrency market continues to highlight strong performance as the price of Ethereum (ETH) jumps more than 6 percent today, allowing several major altcoins to show signs of strength — including Jupiter (JUP).

JUP is up with 7% jump and more importantly, its technical setup is showing signs of a possible bullish reversal. The chart now reveals a key pattern formation that could set the stage for an upside breakout in the coming sessions.

Is Jupiter (JUP) Poised for a Breakout? Key Pattern Formation Suggests So! image 0 Source: Coinmarketcap

Descending Broadening Wedge Pattern in Play

On the 4-hour chart, JUP has been trading inside a descending broadening wedge. This structure is known as a bullish reversal pattern that often forms during corrective phases and typically signals growing volatility followed by a breakout to the upside.

During the latest pullback, JUP retested the lower boundary of the wedge near $0.3214, a zone that has consistently acted as strong support. Buyers stepped in confidently at this level, initiating a rebound that lifted the price toward $0.3622, placing it very close to the wedge’s upper resistance trendline.

Is Jupiter (JUP) Poised for a Breakout? Key Pattern Formation Suggests So! image 1 Jupiter (JUP) 4H Chart/Coinsprobe (Source: Tradingview)

The tightening price action near this upper boundary reflects increasing momentum and rising breakout pressure.

What’s Next for JUP?

If buyers manage to push JUP above the upper wedge trendline and reclaim the 200 Moving Average positioned near $0.3783, the chart would confirm a bullish breakout. From there, the next technical target sits around $0.50, which marks roughly a 37 percent potential upside from current levels.

If JUP faces rejection at the resistance zone, it may continue moving sideways inside the wedge. In that case, the $0.3349 region will act as the key short-term support to monitor.

For now, the overall technical structure appears constructive. With the descending broadening wedge intact and buyers defending critical support, JUP is shaping up for a meaningful breakout attempt, especially if broader market sentiment strengthens through November.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Ethereum Updates Today: BitMine's Ethereum Transformation: Converting Market Downturns Into Institutional Assets

- Cathie Wood's Ark Invest buys $9M of BitMine shares, boosting its stake to 6.8M shares ($260M), deepening Ethereum exposure amid market volatility. - BitMine, now holding 3.5M ETH ($11.2B), aims to accumulate 5% of Ethereum's supply (6.04M ETH), currently at 2.9% ownership after recent large purchases. - Institutional confidence in Ethereum's long-term potential persists despite 28% price drop from peak, contrasting with Bitcoin's waning appeal and staking advantages.

Bitget-RWA2025/11/10 20:52
Ethereum Updates Today: BitMine's Ethereum Transformation: Converting Market Downturns Into Institutional Assets

The ChainOpera AI Token Collapse: A Warning Story for DeFi Platforms Powered by AI

- ChainOpera AI's COAI token collapsed 96% in late 2025 due to algorithmic stablecoin failures, exposing systemic risks in AI-driven DeFi. - Technical flaws and opaque governance in COAI's AI systems worsened liquidity crises, despite $50M in funding. - Regulatory pressures and centralized token distribution exacerbated vulnerabilities, contradicting DeFi's decentralization principles. - Market resilience emerged as Uniswap's UNI token rose 15%, highlighting potential for innovation in token economics. - T

Bitget-RWA2025/11/10 20:40
The ChainOpera AI Token Collapse: A Warning Story for DeFi Platforms Powered by AI

Modern Monetary Theory and the Transformation of Asset Valuation in 2025: Policy Changes, Risk Adjustments, and Actual Market Conditions

- Modern Monetary Theory (MMT) has transitioned from academic concept to central framework for central banks addressing post-stablecoin crisis market instability in 2025. - Central banks are embedding MMT principles into policy tools, shifting from asset purchases to targeted liquidity facilities while prioritizing digital asset system resilience. - Academic research introduces "growth risk premium" to explain how MMT-driven fiscal expansion and low interest rates reshape traditional asset valuations and r

Bitget-RWA2025/11/10 20:22
Modern Monetary Theory and the Transformation of Asset Valuation in 2025: Policy Changes, Risk Adjustments, and Actual Market Conditions