Jupiter is now trading above the $0.55 resistance area, turning it into support, as strong buying volume reinforces the breakout structure. Analysts watching for possible moves toward $0.74 and later, $2.10. Trading volume surged , showing rising trader activity and bullish positioning around current price levels. Jupiter has cleared a crucial resistance level near $0.55 and is now holding above $0.65. Rising trading volume and growing market attention support this breakout Holding Steady Above Resistance Jupiter (JUP) recently broke out of a consolidation phase and moved firmly above $0.55. The price has since stabilized over $0.65, forming a new support base. This shift comes after a double bottom structure was completed earlier in July, as shown on TradingView. Price action has remained consistent around the new level, with both the 50-day and 200-day moving averages now below current prices. The area between $0.60 and $0.65 has acted as support for several sessions, reinforcing the breakout’s validity. Chart Pattern Reflects Previous Bull Run Technical analysts have noted that Jupiter’s recent price structure mirrors a pattern seen in HYPE, another token that surged over 170% earlier in 2024. The formation, involving a correction, reclaim, and breakout above moving averages, closely matches what is currently unfolding in JUP. According to Alpha Crypto Signal, the latest chart shows $JUP confirming a double bottom breakout and consolidating above key support, with bullish momentum pointing toward a possible move to $1.10. Source: Alpha crypto signal Jupiter (JUP) Shows Price Pullback Jupiter reached a high of $0.6293 this week before retreating to around $0.5351 in the last trading sessions.The price touched a low near $0.5215 and rebounded slightly, maintaining position within a consistent horizontal support resistance range. A seven-day gain of 13.62 percent was recorded. Trading volumes varied across the week, peaking at approximately $143.36 million on July 28 according to CoinMarketCap historical volume data.Lower volume figures around $48 million were observed midweek, marking a decline from the earlier recorded high-volume sessions. July 22 saw trading activity reach about $100 million, indicating strong market participation during that specific time window.Jupiter’s market capitalization remains around $1.6 billion with 3 billion tokens circulating from a capped maximum supply of 7 billion.