Date: Tue, April 29, 2025 | 06:25 PM GMT
Over the past three weeks, the crypto market has begun to regain momentum. Ethereum (ETH) alone has rallied 31%, breathing life back into altcoins that have been battered since the start of the year. Among those bouncing back is decentralized exchange token Jupiter (JUP), which has seen a 9% rise this past week—manages to trim its year-to-date losses down to 42%.
Source: Coinmarketcap
But beyond the price jump, what’s catching traders’ attention is the chart structure. A well-known fractal pattern is beginning to form, and if history repeats, JUP could be gearing up for a major move.
Fractal Breakdown: VIRTUAL vs. JUP
Take a closer look at the chart comparison: on the left, we have Virtual Protocol (VIRTUAL), an AI-focused token that recently completed a textbook breakout. It started by reclaiming its 50-day moving average (circled on the chart), which sparked a strong rally into the first blue resistance zone. Once that level was cleared, the price exploded more than 135%, climbing into the green resistance band where it’s now consolidating.
Now, glance at the right side of the chart—Jupiter (JUP) appears to be tracing the same path. It has just flipped above its 50-day MA and is trading right around it. This could be the early stage of a very similar upside move.
If this fractal continues to play out, JUP may be eyeing a 91% rally toward the $0.8614 resistance zone. And if momentum carries it beyond that, the next stop could be the green zone near $1.00 — representing an impressive 114% upside from current levels.
Adding to the optimism, the MACD for JUP has just flipped bullish. This indicator, which tracks momentum shifts, shows a growing divergence to the upside—closely resembling the setup VIRTUAL had just before its breakout.
What’s Next for JUP?
The coming days are critical. If JUP can secure a few daily closes above the 50-day MA and push through its nearby resistance, a bullish move could be in the making—similar to what happened with VIRTUAL.
Of course, much depends on the overall crypto market remaining steady. But for now, both JUP and VIRTUAL are painting strong bullish patterns on the daily timeframe.
Still, it’s important to stay cautious. Sharp rallies often invite sharp pullbacks. Keep an eye on volume, resistance levels, and don’t forget to manage your risk.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.
