- JUST crypto price declined 19.12% during the weekly trading session.
- Technical indicators summary suggested a bearish signal in the current trading phase.
- The trading volume has declined 25.55% in the last 24 hours.
Launched in August 2020, JUST (JST) is a decentralized finance (DeFi) ecosystem centered around JustStable. The platform is built for the TRON blockchain and has two token systems around the USDJ and JUST (JST) tokens. Both tokens have various use cases, from governance to USD pegging. As a TRC-20 token, the network is secured by a delegated proof of stake (DPoS) consensus algorithm.
JUST Six-Month Positive Returns Decreased to 33.62%
In January 2024, JST crypto price reflected negative returns of 9.57% due to selling pressure that occurred from the $0.0325 supply level. However, the bullish correction period did not impact a substantial amount of negativity in the price. That became a good opportunity for crypto buyers.
The cryptocurrency price surged over 25% in February 2024 and almost 42% in March 2024. These two months shifted the market sentiments toward bullishness in the JUST crypto. However, an opposing rally from the $0.0506 resistance has been observed in the price, reflecting a 20% decline in the current month.
JUST maximum supply tokens locked at 9.90 billion, out of which 8.90 billion are in current circulation. The full diluted valuation of the cryptocurrency is estimated at around $321 million. The current market capitalization stands at $289 million, ranking 199th among the 9,724 active cryptocurrencies.
Price to Volume and Social Dominance Analysis
Cryptocurrency seems super popular in the entire crypto world. The maximum social buzz covers 30% dominance across social platforms. This reflects that JUST Crypto has a strong community backbone and people who trust this project. The price and volume are showing a nice uptrend with stable positive growth.
Technical Analysis of the JUST (JST) Price
JST crypto price slipped below the key exponential moving averages, reflecting bearish sentiments in technical terms. However, if the price rebounds the 50-day and 200-day EMAs, the continuation of the uptrend can be expected.
JUST crypto price faced resistance from the $0.0506 level on April 12, 2024. The price reflected an almost 40% decline to the $0.0307 bullish point of interest (POI). In recent sessions, some bullish responses from buyers have been seen in the price from that POI. If the JST price slips below $0.0279, it may fall to the $0.0249 level. For the continuation of the bullish trend, the current price must close above the $0.0441 level.
The relative strength index (RSI) is showing some bullish momentum in the current phase. This indicates the buyers are approaching the price in current sessions. The RSI is moving at 38.84 below the signal line.
Summary
JUST crypto price faced strong selling pressure from the $0.0506 resistance level on April 12, 2024. The positive returns of the cryptocurrency are also facing declines. At press time, the JST crypto price is trading above the $0.0307 demand zone. If the JST price slips below $0.0279, it may fall to the $0.0249 level. For the continuation of the bullish trend, the current price must close above the $0.0441 level.
Technical Levels
- Resistance Levels: $0.0441 and $0.0506
- Support Levels: $0.0279 and $0.0249
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