- Jupiter (JUP) has fallen below essential support and is struggling to recover.
- Analysts warn the token could drop further with the next price target at $0.35.
- Market sentiment remains bearish as buyers fail to regain their previous momentum.
Jupiter (JUP) has broken critical support levels, signaling a strong bearish trend as highlighted by analyst Ali. As of press time, the token is now trading at $0.59955 after a 1.67% decline, marking a huge technical breakdown. Previously holding firm above $0.66, JUP’s failure to sustain this level suggests further downside is likely. With the structure of the chart showing no immediate support, Ali’s analysis points to a potential move toward $0.35. Traders are now assessing whether JUP can reclaim lost ground or continue its descent.
Source: X
Bearish Momentum Accelerates as JUP Struggles to Hold Key Levels
The daily price chart reveals a weakening structure, with JUP losing momentum at every critical support. After failing to maintain consolidation around $0.75, the token slipped below $0.66, confirming the bearish outlook. Now hovering near $0.60, JUP lacks strong demand, with traders unwilling to step in at these levels. Another analyst CryptoLax described the situation as “ugly,” reinforcing the sentiment that JUP’s breakdown is accelerating. Without a swift recovery above $0.66, downside risks remain dominant.
JUP’s previous peaks above $1.30 have consistently faced strong rejections, leading to its gradual decline. The inability to sustain price action above $1.00 set the stage for a steady downtrend. The latest breakdown below $0.66 is critical because this level provided strong support for much of the past year. With that threshold now breached, sellers are targeting $0.53 as the next possible level of support. If bearish pressure continues, the next major floors lie at $0.43 and ultimately $0.35, where the next consolidation phase might occur.
Related: JupiterDAO’s X Account Hack Triggers $JUP to Fall 12%
JUP Must Reclaim $0.66 to Avoid Further Declines
Ali’s technical breakdown suggests that JUP’s fate now depends on whether it can reclaim the $0.66 level. If buyers fail to push the token back above this range, selling pressure could intensify, dragging the price lower. While external market conditions, such as Bitcoin’s performance, could influence short-term movements, JUP’s current technical structure remains weak. The parallel channel breakdown marks a shift in sentiment, and traders are watching the $0.47 level as the last major support before a potential collapse toward $0.35. If JUP fails to stabilize soon, the next few weeks could bring even sharper declines.
