$JUP Shorts Under Pressure
🟢 JUP printed a short liquidation around $0.2536, which usually signals bullish momentum catching bearish traders offside. Short squeezes often fuel continuation rallies because forced buybacks add extra momentum to the upside move. The market now appears to be entering a high-volatility expansion phase where momentum traders may continue chasing higher levels if support remains intact.
Immediate support sits near $0.2470, while resistance is forming around $0.2620. If bulls maintain pressure and Bitcoin stays firm, JUP could push toward $0.2750 and even test $0.2890 in an extended squeeze scenario. However, rejection near resistance could trigger fast profit-taking back toward support zones. Volume behavior will be critical because sustained buying activity would confirm continuation strength rather than a temporary spike.
🎯 Targets: $0.2620 → $0.2750 → $0.2890
🛑 Stoploss: Below $0.2450
⚡ Next Move: Bullish continuation possible as short liquidations fuel upside momentum and market sentiment improves.
