JST Coin’s Price is Declining; What May Unfold in Upcoming Days?

• The JST crypto price is trading inside a small range and witnessing volatility.
• The Just coin is trading with a long/short ratio of 0.9841.

JUST (JST) is a cryptocurrency that runs on the JUST decentralized finance (DeFi) platform built on the TRON blockchain. It was created by the TRON Foundation and led by Justin Sun. The JST coin is used for governance, stablecoins, lending, borrowing, and staking on the JUST DeFi platform.

The crypto is trading with flat volumes in the last 24 hours resulting in $41.966M. The volume ranking of the crypto as per Coinmarketcap is 118th and the volume/market cap ratio of the JST crypto is 15.57%.

The circulating supply of the crypto is 8.902B JST coins, which is 89.92% of the max supply. Also, the fully diluted market cap of the JST crypto is $307.889M. The volume/market cap ratio of the JUST coin is 15.57% and the market cap dominance is 0.018%.

JST Coin Derivatives Data Analysis

The trading volume of the JST crypto has declined in the last few days and is currently trading with flat volumes. The liquidations in the crypto derivatives are also quite low. It is followed by a total long liquidation of $2.89K in the last 24 hours while the short liquidation for the crypto is null.

Technical Analysis of the JST Coin

The crypto price has been consistently losing its value from the higher levels and has broken below a crucial change of character level. The JST crypto price is sustaining below the levels and is declining to new lows. 

The 50-day and the 200-day EMAs are displaying a golden crossover while the price of the crypto is making swing lows. It is currently trading between the band of 20 and 50-day EMA. The current behavior of the price shows that it might decline below the 200-day EMA in the upcoming days.

The RSI is also trading below the level of 50, declining from the higher levels. It also has declined below the 14-day SMA level, which is currently trading at 51.74.

Conclusion

JST crypto is bearish as it has broken below a crucial change of character level and is declining to new lows. The volume, market cap, and derivatives volume are all low. The EMAs are in a golden cross but the price is below them. The RSI is also below 50. Thus, the JST crypto might continue to decline to further lower levels in the upcoming days.

Technical Levels 

• Support levels- $0.0195 and $0.02820
• Resistance levels- $0.04039 and $0.06930

Disclaimer

The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.