Jupiter (JUP) Price Poised for Growth While This Crypto Trader Warns MEW Holders

Jupiter (JUP) has recently demonstrated a bullish breakout, while Cat in a Dog's World (MEW) faces challenges as it attempts to navigate resistance levels.

Both Jupiter (JUP) and Cat in a Dog’s World (MEW) are seeing interesting price movements, but one crypto trader is warning MEW holders about a potential bearish scenario.

Both tokens are in the top five gainers today, with JUP up 4.32% and MEW surging 5.15% in the past 24 hours. This growth is capturing the attention of traders, especially in light of insights from prominent market analysts.

Jupiter Price Up for Grabs as Key Resistance Levels Loom in the Distance

Jupiter’s price action is showing signs of a bullish shift following a breakout from its previous downtrend, which occurred just before October and could potentially signal a reversal in sentiment.

The price has reached a strong support zone around $0.80, where buyer interest has been evident. As noted by analyst Mahmoud Sardauna, key resistance levels include 1.04 and 1.22, with short-term targets set at 1.20 and 1.50, respectively. His analysis strikes a note of cautious optimism regarding Jupiter’s price trajectory.

The recent trend showcases multiple peaks and troughs, reinforcing the idea that the token is experiencing volatility. With traders keeping a close eye on resistance levels, a successful breakout could pave the way for further upward momentum. The bullish sentiment surrounding Jupiter remains palpable, as evidenced by its performance in the market.

MEW Price Chart Shows Potential Double Top, Raising Concerns of a Bearish Correction

While MEW is currently in a bullish zone, the price has not yet completed a crucial pattern retest. According to analyst Crypto_Jobs, the chart reveals a potential double-top pattern that may signal a bearish correction.

The key support levels to watch are at 0.00800 and 0.007500, where buying interest has been strong in the past. The upper resistance zone is positioned around 0.010, which has historically posed challenges for upward movement.

Both tokens are exhibiting noteworthy price movements, and as the price oscillates near critical levels, traders are advised to remain vigilant and adjust their strategies accordingly.

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