Will JST Crypto Rebound from Lower Levels?

JUST (JST) failed to sustain the high of $0.03955386 and reversed its direction, resuming the downtrend that indicates further weakness in the market. The market is trading below the dynamic support trendline, which could lead to more downside. The market is also showing the bear’s strength over bulls in the last trading session.

JUST token’s price has been falling from its peak levels and forming lower-low structures. It is in a bearish trend after breaking below the 200-day moving average. The bearish pressure could push JST to form a new lower low soon and extend the downtrend.

The current situation requires traders and investors to be patient and wait for a clear signal before making any moves. They should also avoid FOMO and minimize losses.

JUST crypto price fell 13.96% last week; it declined by 11.13% through the month. Furthermore, the JST crypto experienced a gain of roughly 43.73% within the past six months and an increase of 43.55% over the past year. 

Additionally, the JST crypto price has slipped by approximately 47.52% year to date. These trends collectively indicate the recent weakness faced by the token.

Technical Analysis of the JUST Crypto Price in 1-D Timeframe

At the moment, the JUST cryptocurrency price (USD: JST) is trading below the 200-day DMAs (Daily moving averages), which do not support the price trend. If bulls want to make a comeback, they will have to rise and sustain the price above the 200-day EMA. However, the sellers seem to be more aggressive as compared to buyers.

The current value of RSI is 39.03 points. The 14 SMA is above the median line at 52.40 points, which indicates that the JUST crypto is bearish.

The MACD line at 0.0007685 and the signal line at 0.00020808 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the JST crypto price.

Summary

JUST crypto price prediction suggests a mild bearish in the chart. The sellers are dominating on the higher levels. JUST (USD: JST) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the JST crypto price. 

The token price action suggests that the investors and traders are bearish on the 1-D time frame. The technical analysis suggests that the JUST crypto price is in a bearish grip and the probability of testing the previous highs in the coming months remains low.

Technical Levels

Support Level: $0.02926572.

Resistance Levels: $0.03955386.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.