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

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

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.

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.

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.

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.