TLDR:

Jupiter draws a double bottom around $0.45–$0.50, signaling a bullish reversal setup.
Price nears neckline at $0.64, where a clean breakout could confirm the pattern.
Analysts eye $1.25 as the measured move target after breakout and retest.
Volume and daily close above resistance will be key to confirming the rally.

Jupiter (JUP) is back on traders’ watchlists after forming a textbook double bottom pattern on the daily chart. This technical setup often signals a bullish reversal, and the price action is beginning to support that view. The current price is moving steadily toward a key resistance zone, suggesting that breakout momentum could be building. 

Analysts are now watching for a clean break and retest of this zone to confirm the trend. With traders preparing for a potential rally, the next few days may prove crucial for JUP.

Jupiter Forms Bullish Reversal Pattern 

According to crypto analysis group Bitcoinsensus, JUP has drawn two distinct lows, first near $0.45 and another around $0.50, forming a classic double bottom. This structure typically indicates exhaustion of selling pressure and growing interest from buyers. The neckline of the pattern is around $0.64, a level that has become the key resistance to watch.

Recent upward movement has pushed JUP to around $0.557, getting closer to the neckline. 

Market participants are now looking for a daily candle close above this level, which would mark the official breakout signal. A clean break and confirmation may validate the pattern and suggest a longer-term trend reversal.

$JUP/USDT – DOUBLE BOTTOM CONFIRMATION LOADING…

Jupiter (JUP) just printed a textbook Double Bottom on the daily chart — and we’re seeing signs of breakout momentum.

Pattern: Double Bottom
Neckline: ~$0.64
Current Price: $0.557
Next Moves:
1. Break above neckline… pic.twitter.com/vdModTuX6u

— Bitcoinsensus (@Bitcoinsensus) July 18, 2025

Retest Could Define the Next Move

The next important phase in this pattern is the potential retest of the neckline after the breakout. 

A successful retest around $0.64 would indicate that the resistance has flipped into support. This level could act as a launchpad for further price movement, or a rejection point if buying interest fades.

Bitcoinsensus warned that the neckline zone might act as either a trapdoor or a springboard. How the price reacts here will likely shape JUP’s next direction. The volume and structure around this area will be key for confirming a bullish shift.

Jupiter Breakout Target: $1.25

If the double bottom confirms and the price holds above $0.64, a measured move toward $1.25 becomes the main upside target. This projection aligns with previous resistance levels and represents over 100% potential upside from current levels.

Analysts see this target as realistic if the price maintains strength through the breakout and retest phases. Current momentum, along with improving sentiment, makes this setup one of the more closely watched in the market right now.

JUP is still trading below the neckline, so confirmation hasn’t happened yet. But traders are positioning early, with eyes on the breakout point and the reaction that follows.

 

The post Jupiter Crypto Chart Signals Reversal: Breakout Setup Targets $1.25 appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 18, 2025 2:27 pm