Date: Wed, June 25, 2025 | 01:10 AM GMT
The cryptocurrency market is showing strong signs of recovery as tensions between Israel and Iran begin to ease. Ethereum (ETH) has led the charge, rebounding sharply from its recent low of $2,113 to rise above the $2,425 level. Riding this renewed momentum, altcoins are also bouncing — and Jupiter (JUP) is one of the notable gainers.
The DEX token is back in the green, but what’s even more interesting is that a classic harmonic pattern is flashing a strong short-term bullish signal.
Source: Coinmarketcap
Harmonic Pattern Hints at Major Upside
A closer look at JUP’s daily chart reveals a textbook Bearish Bat harmonic pattern taking shape — a well-known technical structure used to forecast potential reversal zones when the final CD leg is in progress.
The pattern begins at point X, around January 26, when JUP failed to hold above $1.27. What followed was a steep correction that dragged the token down more than 74%, bottoming out near $0.3257 on June 22 — marking point C of the pattern.
Jupiter (JUP) Daily Chart/Coinsprobe (Source: Tradingview)
Now, JUP is trading near $0.42, just below the 100-day moving average (currently at $0.4652), which is acting as dynamic resistance. According to the Bat structure, price action could be heading toward the Potential Reversal Zone (PRZ) between $1.16 and $1.27. This zone aligns with the key Fibonacci extension levels — 0.886 and 1.0 — which are typically where the pattern completes.
What’s Next for JUP?
If the Bat pattern continues to unfold as expected, a breakout above the 100-day moving average would serve as a strong bullish confirmation. From current levels, this implies a potential rally of over 170%, with the first key target at $1.16 — the 88.6% retracement of the initial XC leg.
If bulls push beyond $1.16, the next major resistance is at $1.27, which also corresponds to the January high — making it a strong psychological and technical target. A successful move to this level could mean a 200% gain from current prices.
However, traders should remain cautious until a clean breakout above the 100-day MA is confirmed.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
