![Jupiter [JUP] can surge 100% to $2 if THIS condition is met](https://i.headtopics.com/images/2024/10/25/cryptoamb/jupiter-jup-can-surge-100-to-2-if-this-condition-i-jupiter-jup-can-surge-100-to-2-if-this-condition-i-E7826855D04CDF9A35DCA9701404B88D.webp)
JUP could surge 100% to $2, with bullish momentum building despite recent resistance and rising open interest.
The primary challenge for JUP is a descending trendline that has triggered three consecutive pullbacks.Over the past month,has gained 31.72%, and its daily chart shows continued strength with an additional 11.30% increase, setting the stage for a potential breakout.
However, this downturn is expected to persist for a while, as increased selling pressure could push JUP further down toward the support level at 0.9158, where large buy orders are likely positioned. This could be followed by another resistance at 1.847 before making a potential move toward the $2 target.AMBCrypto analyzed technical indicators to determine the likelihood of this projected scenario playing out.According to the Money Flow Index , which gauges liquidity flow in and out of assets to assess market participant behavior, JUP is likely to experience a short-term drop.
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