Analyst: JUP, ICP, AR, DOGS primed for massive breakouts

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  JUP’s breakout signals a bullish turn, targeting $1.0926 to achieve a 119.65% increase.
  
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  ICP has a bullish potential of aiming at $14.55, with a 171.91% rise.
  
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  DOGS could rise 50-60% with a target price of $0.001850, after breaking out of its descending channel.
  

Captain Faibik, an analyst, has identified a few altcoins that are primed for a break-out: $JUP ($JUP), $ICP ($ICP), $AR and $DOGS. He believes these tokens are about to snap out of recent downward trends, and that their chart patterns indicate a serious upside potential. If Faibik is right, then this could be the beginning of a major altseason rallie.

$JUP – Upside Breakout From a Descending Channel

As of the time of publication, $JUP, priced at $0.93, has a 24-hour volume trading of $139.877.702. Since March 2024, the cryptocurrency has moved in a downward channel. It recently broke above this upper trendline, suggesting a possible bullish reversal.

Support levels are $0.92 and $0.92. These levels act as immediate support following the breakout. This level could be tested before the upward trajectory continues. If deeper corrections take place, $0.80 to $0.85 could serve as a support zone.

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

According to historical price movements, $1.04 represents immediate resistance. Higher levels are at $1.20-$1.30. The target is $1.0926 after the breakout, which offers a potential upside to 119.65%.

$ICP – Bullish Breakout From a Descending Edge

The current price of $ICP of $9.75, coupled with a trading volume $97,493,082, shows a similar upward trend. This coin has been consolidating in a descending wedge pattern since early 2024. This is a sign of reversals that are bullish. The breakout above upper trendline strengthens bullish narrative.

Support levels are found at $9.75 and $8.50. Resistance levels are $11.00-$11.50 with a potential target of $14.55. This would be a 171.91% increase from current levels.

Confirmed Falling Edge Breakout

With a price $23.43 and trading volume $93,241,215 $AR has broken from a falling wedge established since March 2024. This breakout indicates that a bullish trend is possible. Support is found at $24.27. If further dips are experienced, $21.00 may provide additional support.

Resistance is likely to be at $29.00 and $36.63, with the latter being a significant target with a 161.93% increase from the breakout.

$DOGS: Bullish Reversal is in the Works

$DOGS, currently trading at $0.000924, has seen an increase of 7.98% over the last 24 hour, backed by a volume of trading of $274.054,670. The cryptocurrency shows signs of bottoming after trading in a descending channel.

A breakout above the channel indicates a possible reversal. Support is around $0.00082. Future price projections indicate a target of $0.001850. This would indicate a bullish rally between 50-60%, if the upward trend is maintained.

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