The post Solana (SOL) Price Faces Key Support Test, While Jupiter (JUP) Approaches Bullish Breakout Point appeared on BitcoinEthereumNews.com.

Solana’s price is on the verge of a crucial support test, hinting at potential volatility. Meanwhile, Jupiter is inching closer to a possible bullish breakout. This piece delves into whether these cryptocurrencies are poised for a change in direction, creating a buzz among investors looking for growth opportunities. Explore the upcoming trends and what could trigger these movements. Solana’s Price Dynamics: A Month of Recovery After Long-Term Declines Solana saw an 18.09% price increase over the last month, showing signs of renewed market interest. Over the past six months, the coin experienced a 26.46% decline, reflecting a sustained downward trend. The recent monthly bounce indicates a possible short-term turnaround against the backdrop of a longer period of weakness. SOL is currently trading between approximately $110 and $171, with nearby resistance at $195 and firm support around $72. Recent weekly gains of 3.71% suggest some bullish movement, though bears may still exert influence. Traders might consider entering near support levels and looking for profit opportunities as the price approaches resistance. Jupiter’s 1-Month Surge Amidst a 6-Month Decline Jupiter experienced a significant 33.11% jump over the past month, despite a sharp decline of 45.43% over the last six months. Recent price action shows contrasting trends, with the short-term strength highlighting its ability to recover while still facing long-term bearish pressure. The coin’s history has been marked by volatility, where rapid gains often followed by equally significant losses create uncertainty in its movement. Current prices fluctuate between $0.34 and $0.55, with resistance positioned at $0.63 and support around $0.22. The RSI reading at 64.78 indicates a slight bullish momentum, yet the overall trend remains unclear. Traders may look to engage at resistance near $0.63 while monitoring the support level at $0.22 for potential trading opportunities. Conclusion SOL is testing a key support level,…

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Filed under: News - @ May 30, 2025 7:27 pm