Jup’s price is down by more than half since it started to lose momentum from its December peak. It just broke down a critical support level to signal an extension in the short-term bearish – now the top loser of the day. Following multiple rejections since last December, Jup recently initiated a recovery but failed to push above the $1 level after a week’s attempt. That led to another sudden rejection last week and the asset rolled back, closing above $0.85. As the bears mounted pressure this week, the supply level increased and the price fell to a daily low
The post JUPITER PRICE ANALYSIS & PREDICTION (February 18) – Jup Signals Broader Bearish Phase Following a Fresh Breakdown, Where Next? appeared first on The Merkle News.
