Jupiter (JUP) and Stacks (STX) Prices Are Plunging – Here’s Why

2024-7-30 19:45

The price of Jupiter’s JUP has been down by 13% in the last 24 hours. Stacks (STX) is also following in the same direction, with more than 13% price fall in the past 4 days.

Jupiter Reaches Strong Resistance

For Jupiter’s JUP, it is a case of history repeating itself.

The price has consistently bounced off the strong resistance at around $1.1.

This happened once in mid-April, twice in mid-May, and once in June.

As the price touched the point again yesterday, it triggered a selling pressure, probably because many short-term traders who have identified the pattern started to take profit.

If the pattern repeats itself, we could see a decline to $0.95, and if that also breaks, the price could dip to $0.7.

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Stacks (STX) Continues Consolidation

The price of STX broke out of a descending trendline in mid-July. Following the breakout, the price retested the trendline successfully.

The general expectation after such a move would be that the price will start to spike.

However, Stacks started to trade sideways between $1.7 and $2.0.

The price started to decline two days ago after it hit the top of the consolidation, with the potential short-term target being $1.7 at the base of the consolidation.

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The post Jupiter (JUP) and Stacks (STX) Prices Are Plunging – Here’s Why appeared first on CaptainAltcoin.

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Jupiter (JUP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 JUP

jupiter jup price stacks stx fall past

Источник: captainaltcoin.com

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