- The JUST crypto price has been outperformed by 64% of the top 100 crypto assets.
- The JST token has more than 90% of its supply in circulation.
JUST is a DeFi ecosystem on TRON offering products, including JustStable for stablecoin lending, JustLend for money markets, JustSwap for AMM, JustLink for decentralized oracles, and cross-chain tokens. Founded in 2020 and managed by JUST Foundation with support from TRON, it aims to provide borderless DeFi solutions.
The derivatives trading volume of the JST token has declined by 34.6% in the last 24 hours, while the spot trading volume has advanced by 6.09%, resulting in a traded value of $85.522M.
Moreover, the crypto’s market cap is worth $370.35M, followed by a market cap dominance of 0.01%. The open interest of the token has advanced further by 1.6%, resulting in $3.61M.
The long/short ratio of the token is 0.9775, and the long liquidation for the same is $5.8K, while the short liquidation for the crypto is nil. Also, the crypto’s volume/market cap ratio is 22.57%.
The JST crypto was launched on May 5, 2020, and the token’s volatility is very high, resulting in 10.72%. The cryptocurrency’s sentiment is also bullish, and the fear and greed index is at 84, presenting extreme greed.
Just Token Supply Overview
Just token has 121.3K holders, the fully diluted market cap of the crypto is $458.395M, and the circulating supply market cap is $372.107M. The maximum total supply of the token is 9.9B JST, following the same amount of total supply.
The current circulating supply of the token is 8.902B JST, which is 89.9% of the total supply.
Social Volume Vs Social Dominance for Just Crypto
With the advance in the token price, the social volume and the social dominance of the crypto can be seen consistently advancing over time. It indicates that the investors and traders are interested in the crypto.
JST Crypto Technical Analysis
The price of the JST crypto consolidated in a small range for more than 1.5 years and has recently broken out above the zone. Despite the breakout in the trading price, the price has not given any signs of confirmation in the breakout.
We need the price to sustain above the breakout and form a swing high to confirm the trend change. Later, if the token’s price breaks further above the high of the swing, the trend will be confirmed.
JST/USD Chart by TradingView.com
The price of the JST token is above the popularly known EMAs, such as the 20, 50, and 200-day EMAs. It is trading above the EMAs, consistently advancing to higher levels.
The Average Directional Index (ADX) indicator is trading at 54.2 on the daily chart, indicating strength in the trading price and the cryptocurrency’s momentum. It shows that the existing trend is bullish for the crypto and is reliable.
The Stochastic RSI, a fast-moving oscillator, has hit the overbought zones and is currently declining, indicating the possibility of a small retracement in the price followed by a strong uptrend on the larger time frame.
Summary
Despite recent declines, the JUST (JST) crypto shows the bullish sentiment with high social volume and dominance. Trading above key EMAs, it consolidates after the breakout, awaiting confirmation.
The ADX suggests a strong bullish trend, while Stochastic RSI hints at a potential retracement before resuming the uptrend, indicating optimism for the JST token’s future performance.
Technical Levels:
- Support levels: $0.01890 and $0.03950
- Resistance levels: $0.1011 and $0.1614
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 research before making any financial decisions.