JUP Technical Setup: Decoding the Descending Triangle Pattern as Price Finds Support

Jupiter (JUP) is currently trading at $0.22, down 8.37% over the past 24 hours, with a daily trading volume of $764.59K and a market capitalization of $693.79M. The token is navigating a critical juncture marked by a descending triangle formation that has captured the attention of technical traders.

Technical Indicators Reveal Mixed Market Signals

The momentum landscape for JUP presents a nuanced picture. The Relative Strength Index (RSI) stands at 41.64, positioning itself below the 50 midline—a level that suggests modest bearish undertones without reaching oversold territory. This reading indicates the market retains equilibrium rather than being exhausted.

The MACD indicator reinforces this perspective, with the signal line positioned above the MACD line and histogram bars showing slight negative values. Rather than indicating sustained downward pressure, this configuration suggests weakening bearish momentum—a potential precursor to consolidation or reversal.

Price action has anchored itself slightly above the lower Bollinger Band at $0.3008, suggesting that current support levels are holding, at least temporarily.

Descending Triangle: When Compressed Price Zones Create Opportunities

JUP’s chart structure has evolved into a distinctive descending triangle pattern on the 2-day timeframe. This formation emerged following the peak near $0.55 in late July, after which the token entered a sustained downtrend punctuated by sharp corrections, including a significant decline in mid-October.

The descending triangle itself represents a compressed price zone—a period when bulls and bears engage in a contained struggle. The current price action, hovering above the triangle’s lower boundary, suggests the market is building toward a decisive breakout moment. This point of convergence is critical: it will determine whether sufficient bullish pressure exists to drive upward momentum or whether bears maintain control.

Price Targets on the Horizon: What Breakout Could Mean

Should JUP successfully breach through the compression zone overhead, a series of resistance levels would come into focus. These technical targets—$0.45, $0.60, $0.76, $0.87, $1.00, $1.15, and ultimately $1.26—would serve as potential pause points or acceleration zones for momentum traders.

Each level carries significance as a psychological or technical barrier where buyers and sellers might recalibrate positions. The movement through these sequential targets would not only validate the descending triangle breakdown but also establish the trajectory for medium-term price discovery.

The Consolidation Phase: What Comes Next?

The broader context reveals JUP in a consolidation phase following an extended bearish period. This temporary stability near key support levels is neither a guarantee of upside nor a confirmation of further weakness—it represents genuine equilibrium.

Market participants are essentially at an inflection point. The descending triangle pattern, combined with weakening bearish indicators and held support levels, creates a scenario where directional clarity remains pending. The coming trading sessions will prove decisive in determining whether the market generates sufficient strength to challenge the overhead resistance levels or if renewed selling pressure emerges to test lower support zones.

For traders monitoring JUP, the descending triangle represents a classic technical setup where patience for confirmation is rewarded more reliably than premature positioning.