Date: Sat, May 24, 2025 | 11:58 AM GMT
The cryptocurrency market is cooling off slightly after a month of strong gains. Bitcoin (BTC) hit a fresh all-time high of $111,970 before retracing to $108,000, while Ethereum (ETH) touched $2,700 and is now hovering around $2,550.
With this mini pullback, the DEX token Jupiter (JUP) is also trading in the red today after a 30% monthly rally, and now a potential emerging technical structure on the lower time frame could be the key to decoding its next move.
Source: Coinmarketcap
Power of 3 in Play
Zooming into the 1-hour chart, JUP seems to be forming a classic Power of 3 pattern — which typically unfolds in three parts: accumulation, manipulation, and expansion.
Accumulation Phase:
Over the last two days, JUP was locked in a tight range between $0.58 and $0.63, moving sideways with low volatility. This quiet phase is often where larger players accumulate positions while retail interest fades.
Jupiter (JUP) 1H Chart/Coinsprobe (Source: Tradingview)
Manipulation Phase:
Earlier today, JUP broke below the range, dropping sharply to as low as $0.55. This sudden dip likely triggered stop-losses and panic sales — a classic “shakeout” seen during the manipulation phase. The move may have allowed institutional players or experienced traders to scoop up tokens at discounted prices while retail sentiment turned bearish.
At the time of writing, JUP is making a recovery attempt and trying to reclaim the $0.58 mark. A successful reclaim of this zone would be an early sign that JUP is ready to enter the final stage of the pattern.
What’s Next for JUP?
If the price manages to hold above $0.58 and break through the top of the previous range at $0.63, a full-blown expansion could follow. The chart suggests a potential upside target around $0.71, which would represent a 24% gain from current levels.
This breakout would confirm that the Power of 3 pattern has played out, and JUP could enter a new phase of momentum — possibly followed by a distribution zone where profit-taking begins.
Final Thoughts
Jupiter (JUP) is at a pivotal moment. The short-term chart points to a potential bullish reversal if it can reclaim the key levels of $0.58 and $0.63. However, a dip back below $0.55 would invalidate the setup and suggest further downside.
Much also depends on broader market conditions. Ethereum’s pullback has dampened sentiment, and continued weakness in ETH could drag JUP and other altcoins lower. On the flip side, if ETH bounces back, it could provide the boost needed to send JUP into its next leg up.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.
