Jupiter (JUP) Mirrors Key Fractal Pattern – Is a Bullish Rally on Horizon?

Date: Sat, April 12, 2025 | 10:10 AM GMT

The cryptocurrency market has endured a brutal start to the year, with Ethereum (ETH) logging a staggering 51% drop in Q1 — its worst quarterly performance in years. This widespread downturn rippled across the entire altcoin and memecoin sectors. However, investor sentiment is beginning to shift following U.S. President Trump’s recent announcement of a 90-day tariff pause, a move that injected fresh optimism into the market.

One token that appears to be taking advantage of the changing tide is Jupiter (JUP). After suffering a steep 52% decline this year, the decentralized exchange (DEX) token has bounced back with noticeable gain. But more importantly, traders are now noticing something far more intriguing — JUP’s chart structure is starting to mirror a key fractal from the past: Avalanche’s (AVAX) 2021.

Source: Coinmarketcap

JUP Chart Resembles AVAX’s Past Price Behavior

In 2021, Avalanche (AVAX) dropped nearly 84% from its peak before entering a long consolidation phase. During this time, the price moved sideways just below a descending trendline — a sign of accumulation. After several weeks of building a base, AVAX broke out with force and went on to rally over 700%, becoming one of the top-performing altcoins of that cycle.

Now, Jupiter (JUP) seems to be showing a very similar setup. The token has corrected about 84% from its highs, falling from around $1.84 to $0.31. Over the past week, JUP has been consolidating in a wide range under a descending resistance line — just like AVAX did. The MACD indicator is also starting to turn upward, hinting at weakening bearish momentum and a potential bullish crossover.

Is a Bullish Rally on Horizon?

If this historical fractal continues to play out, JUP may be entering the early stages of a massive bullish breakout. A clean move above the descending resistance line could confirm the end of the accumulation phase and signal the beginning of a steep uptrend. Based on the projected structure of the AVAX fractal, JUP could be eyeing a price target around $2.50 — a level that would represent over 550% gains from current prices.

While there are no guarantees in technical analysis, fractals like these often reflect repeating patterns of collective market psychology. The close resemblance between AVAX’s breakout structure and JUP’s current price action offers a compelling case that a powerful rally may soon unfold.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies