Jupiter Set for a Big Rally After 280 Days of Accumulation 

• Jupiter has been in a steady range for 280 days but now shows signs of breaking higher.  
• A breakout above $1.30 could sharply rise toward $2.72 and beyond.  
• Strong backing from Solana’s ecosystem adds potential for Jupiter’s future success.  

Jupiter is attracting attention after an extensive 280-day accumulation phase, trading in a narrow range between $0.70 and $1.30. CryptoBullet, a prominent technical analyst, has identified this consolidation as a potential precursor to a price surge.   

As of the press release, $JUP is trading at $1.19, up by 48.77%, and is testing its critical resistance level at $1.30. A successful breakout above this mark could signal the start of a rally, redefining its market trajectory.

CryptoBullet points to the accumulation zone, characterized by a volume of 7.9 billion, as a sign of investor confidence and market maturity. The token’s steady trading within this range reflects a market-finding equilibrium but also hints at pent-up demand. 

If $JUP breaks out decisively, the first milestone would be its intermediate target of $2.72. This level aligns with Fibonacci retracement zones and indicates whether the rally has the momentum to continue toward its larger macro targets.

Jupiter’s Macro Targets: Explosive Gains on the Horizon

The analyst sets the first macro target at $6.65, a level that corresponds with the 1.618 Fibonacci extension, a common point of resistance during upward trends. Should $JUP sustain this momentum, the second macro target of $11.65, reflecting the 2.0 Fibonacci extension, could come into play. 

If these targets are met, the price would see gains, representing a 400% increase to reach $6.65 and a near 880% surge to achieve $11.65. Such a scenario would be a game-changer for $JUP investors and could establish the token as a leading performer in the altcoin market.

Key resistance at $1.30 remains the most immediate challenge. This level has acted as a ceiling during the lengthy accumulation phase, and breaking it will require buying pressure and trading volume. 

CryptoBullet highlights that this could trigger a chain reaction of bullish momentum, with the target of $2.72 becoming the next hurdle. Once past this level, the path toward the macro targets becomes more plausible, assuming market conditions remain favorable.

The Role of Solana ($SOL) in Jupiter’s Growth

The bullish case for $JUP is strengthened by its integration within the Solana ($SOL) ecosystem. Known for its scalability and developer-friendly infrastructure, Solana provides a foundation that could drive Jupiter’s adoption and utility. 

CryptoBullet emphasizes that Solana’s ecosystem could play a pivotal role in $JUP’s growth but cautions that low liquidity in altcoins could introduce heightened volatility. “Bull runs are fun, but they come with turbulence,” the analyst notes with a lighthearted tone, acknowledging the inherent risks in speculative markets.

In summary, Jupiter’s $JUP token appears to be on the brink of a breakout after months of consolidation. With the intermediate target at $2.72 and macro targets at $6.65 and $11.65, the coming weeks could determine whether this token fulfills its bullish potential.