JST Weekly Analysis Jan 23

JST closed the week around $0.04 with a 0.20% rise; while the higher timeframe uptrend remains intact, the market nearing $0.05 resistance shows distribution signals – critical confluence week.

JST in the Weekly Market Summary

JST exhibited narrow consolidation in the $0.04-$0.05 range last week and preserved its uptrend with a minimal 0.20% rise. Volume profile remains stable at the $4.78M level, but while RSI at 63.28 indicates bullish momentum, the trend filter is giving a bearish signal. The market is locked onto $0.0461 resistance; until this level is broken, distribution phase risk is increasing. In the macro context, BTC’s downtrend is exerting pressure on altcoins – strategic patience is key for JST. Check our homepage for JST and other analyses.

Trend Structure and Market Phases

Long-Term Trend Analysis

In the long-term view, JST is maintaining its primary uptrend structure; higher lows and highs have formed on the weekly chart. Holding above EMA20 ($0.04) confirms the trend’s strength. The MACD histogram is expanding positively, indicating momentum shifting in favor of buyers. However, the multi-timeframe resistance around $0.05 creates an inflection point testing the trend. Market structure shows accumulation characteristics on higher timeframes; the base formed in recent months holds breakout potential. Preservation of this structure depends on holding the main $0.0428 support.

Accumulation/Distribution Analysis

Weekly candles exhibit accumulation phase features: narrow range dojis and spinning tops imply buyer dominance. Volume profile has formed high-volume nodes around $0.0444; this area is acting as strong support. Distribution signals are evident at $0.0461: as price approaches this level, it’s rejected without volume increase, signaling smart money profit-taking. The overall phase is on the accumulation/distribution borderline; breakout or breakdown will clarify based on the weekly close. For position traders, catching this phase shift early is critical.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, 3 support/2 resistance confluences are observed: $0.0428 (77/100), $0.0444 (73/100) supports and $0.0461 (79/100) resistance are key. RSI at 63 is near overbought, but no divergence – momentum intact. Holding above EMA20 provides short-term bullish bias. 1D Supertrend is bullish, but remains range-bound due to BTC pressure. This view supports a $0.0461 breakout if volume confirms.

Weekly Chart View

On a weekly basis, there’s a 3S/4R balance; $0.0402 (73/100) deep support, $0.0461 multi-R confluence. The market is leaning on 1W EMA50; this level (around $0.0428) is the trend’s boundary. MACD crossover is bullish, but histogram narrowing – momentum weakening risk. 11 strong levels across TFs create confluence: $0.05 critical for upside, $0.0402 for downside. Long-term traders should monitor weekly closes.

Critical Decision Points

Main supports: $0.0428 (77/100, daily/weekly confluence), $0.0444 (73/100, volume node), $0.0402 (73/100, deep support). Resistances: $0.0461 (79/100, main R1), $0.05 (psychological/long-term). Downside risk $0.0306 (28/100); uptrend intact unless breached. Market structure will clarify at these points – invalidation on $0.0428 break.

Weekly Strategy Recommendation

In Case of Upside

On $0.0461 breakout and weekly close above, activate long positions: initial target $0.05, extension $0.055. Stop-loss below $0.0428; R/R 1:3+. Confirmed with volume increase, it triggers accumulation breakout. Detailed data available on the JST Spot Analysis page. Limit position size to 2-3% risk.

In Case of Downside

On $0.0428 break, short bias: target $0.0402, deep $0.0306. Stop above $0.0461. Decline likely synchronized with BTC downtrend. Check futures data on JST Futures Analysis. Defensive approach: reduce positions by 50%.

Bitcoin Correlation

BTC in downtrend at $89,423; supertrend bearish, dominance rising – caution for altcoins. JST shows +0.85 correlation with BTC; if BTC loses $88,377 support, JST tests $0.0428. Conversely, BTC $91,072 breakout brings JST $0.05 rally. Key BTC levels: Supports $88,377/$86,573, Resistances $91,072/$92,961. JST traders should use BTC movements as primary filter.

Conclusion: Key Points for Next Week

Next week focus: $0.0461 breakout or $0.0428 breakdown. Uptrend intact if weekly close holds above $0.0444; risk off if BTC slips below $88k. Monitor volume spikes and candle formations – strategic patience is key for position traders. Strengthen your position with other analyses.