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Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts

Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts

CoineditionCoinedition2024/09/27 16:00
By:Coin Edition
  • JUP’s breakout signals a bullish reversal, targeting $1.0926 for a 119.65% upside.
  • ICP shows strong bullish potential, aiming for $14.55 with a 171.91% increase.
  • DOGS may rise 50-60%, with a target of $0.001850 after breaking its descending channel.

Analyst Captain Faibik is calling out a handful of altcoins primed for a breakout: $JUP, $ICP, $AR, and $DOGS.  He sees these tokens snapping out of recent downtrends, with chart patterns pointing to serious upside potential. If Faibik’s right, this could be the start of a major altseason rally.

$JUP: Upside Breakout from a Descending Channel

As at press time, priced at $0.93 $JUP has a 24-hour trading volume of $139,877,702. The cryptocurrency has been moving within a descending channel since March 2024. However, it recently broke above the upper trendline of this channel, suggesting a potential bullish reversal.

Key support levels include $0.92, acting as immediate support after the breakout. A retracement could test this level before continuing its upward trajectory. If deeper corrections occur, $0.80-$0.85 may serve as another support zone. 

Read also: Key Altcoins Signal Potential Undervaluation: LDO, NEXO, SUI, JUP, and ONDO

Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 0 Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 1 Source: X

On the flip side, $1.04 now represents immediate resistance, with higher levels at $1.20-$1.30 based on historical price movements. The target after the breakout is projected at $1.0926, offering a potential upside of 119.65%.

$ICP: Bullish Breakout from a Descending Wedge

The current price of $9.75 for $ICP, combined with a trading volume of $97,493,082, showcases a similar upward trend. This coin has been consolidating within a descending wedge since early 2024, which typically indicates bullish reversals. The breakout above the upper trendline strengthens the bullish narrative.

Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 2 Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 3 Source: X

Immediate support is found at $9.75, with deeper support levels at $8.50. Resistance levels include $11.00-$11.50, with a target of $14.55, potentially a 171.91% upside from current levels.

$AR: Confirmed Falling Wedge Breakout

With a price of $23.43 and a trading volume of $93,241,215, $AR has broken out from a falling wedge pattern established since March 2024. This breakout indicates a possible bullish trend. Immediate support is at $24.27, while $21.00 could provide additional backing if further dips occur.

Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 4 Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 5 Source: X

Resistance is likely at $29.00 and $36.83, with the latter representing a substantial target with a 161.93% upside from the breakout.

$DOGS: Bullish Reversal in the Works

Currently trading at $0.000924 , $DOGS has seen a notable increase of 7.98% in the last 24 hours, supported by a trading volume of $274,054,670. The cryptocurrency is showing signs of bottoming out after trading within a descending channel. 

Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 6 Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts image 7 Source: X

A breakout above this channel indicates a potential reversal, with support around $0.00082. Future price projections suggest a target near $0.001850, indicating a bullish rally of 50-60% if the upward trend continues.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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