- An increase of 9.39% has been observed in the JUST price during the intraday trading session.
- The technical indicators summary suggests a strong positive signal for the current phase.
- The trading volume has experienced a massive rise of over 100% in the last 24 hours.
Launched in August 2020, JUST (JST) is a decentralized finance (DeFi) ecosystem built on the TRON blockchain. The ecosystem products are mostly centered around JustStable (A decentralized stablecoin lending platform). The ecosystem has two tokens, i.e., USDJ and JUST (JST). The USDJ is pegged to the value of the US dollar, whereas the JST has various functions, such as paying interest, governance, stable fees, and collateralization ratio.
JUST Crypto has Exceeded Six-month Returns Over 110%
In September 2023, the JST crypto gained positive attention from investors. That resulted in 22.82% of positive returns in that month. Subsequently, the price continued to give positive returns in October 2023, increasing by 25.15%. However, the crypto price faced constant consolidation for three months afterward.
Conversely, JUST crypto price reflected a robust positive move in February 2024, reflecting 23.60% stable returns. The returns have reflected a positive change in market sentiments, keeping the JUST cryptocurrency price in a strong bullish trend.
The maximum supply of the cryptocurrency is capped at 9.90 billion tokens, of which 8.90 billion are currently in circulation. The current market capitalization of JUST crypto stands at $414 million, and the total diluted valuation of the ecosystem is assumed to be at $460 million. Additionally, the cryptocurrency reflects higher liquidity with a VMR ratio of over 70%.
Price to Volume and Social Dominance Analysis
Cryptocurrency has captured massive attention on social media platforms. JUST covers 25% of average social dominance in crypto, which is a big deal for any other cryptocurrency. This reflects the strong sentiments of people across social media about the JST crypto. The price and volume gained positive momentum after February 2024.
Technical Analysis of the JUST (JST) Price
The JST price has been above the critical exponential averages since October 2023. The price rebounds multiple times while retracing the 50-day and 200-day EMAs. This makes both the EMAs dynamic supports for the current price.
JUST price has given a breakout from the $0.0400 resistance level. Afterward, the price successfully retested the $0.0325 bullish POI. The crypto price struck above the $0.0506 immediate resistance. If the current price sharply closes above $0.0541, the price may rise to the $0.0656 resistance per the market technicals.
The relative strength index (RSI) shows strong bullish momentum in the current trading phase, indicating a bullish domination. The RSI line is moving at 67.09 toward the 70-mark upper band.
Summary
Since October 2023, the JUST crypto price has been moving with bullish sentiments. Cryptocurrency reflects positive returns in six-month, monthly, weekly, and daily timeframes. At present, the JST price is trading at $0.0456. The crypto price may rise to the $0.0656 resistance If the current price has a sharp closing above $0.0541.
Technical Levels
- Resistance Levels: $0.0541 and $0.0656
- Support Levels: $0.0400 and $0.0325
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.