JST is not trading at bottom prices because the low was hit November 2022, but the bigger picture still looks like a long-term consolidation pattern. Sideways for years, this precedes a major bull market.
Good morning my fellow Cryptocurrency trader, I hope you are having a wonderful day.
JSTUSDT is looking weak short-term but we know this to be part of the same process, the one that has been going on for years. Higher lows and higher highs but still no major bullish wave, it is getting closer though because the market can only consolidate for so long.
JST has been rising. The high December last year (2024) hit the highest prices since March 2022, the month when the previous bear market breakdown took place.
The red period is the bear market. Notice how it ends when the downtrend is no more and the market turns blue, sideways. After this period comes green and this is where we are now.
Within the bullish period we also have retraces and corrections. Right now we have a bearish move, short-term, within a wider bullish move, an uptrend long-term. This is the normal and classic market fluctuations; prices moving down and up, up and down, back and forth, every day.
The end of the short-term move will result in the continuation of the bigger move, the uptrend. We should expect a higher low followed by a strong higher high next. The next higher high comes in late 2025, now.
Thank you for reading.
Namaste.
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