$JST USDT TECHNICAL ANALYSIS – MARKET TREND UPDATE
The $JST
USDT pair is currently trading at $0.03000, showing a 7.41% decline in the last 24 hours. Price action indicates bearish momentum as the coin tested a 24h low of $0.02988 while the 24h high reached $0.03247.
Technical Indicators:
RSI(6): 16.77 → The pair is in oversold territory, suggesting potential for a short-term rebound.
Support Levels: $0.02988 and $0.02957
Resistance Levels: $0.03229 and $0.03365
Market Sentiment:
Heavy selling pressure has pushed the price toward its support zone.
If the support at $0.02988 holds, we could see a corrective bounce toward $0.03229.
A breakdown below $0.02957 could lead to further downside.
Volume Analysis:
24h JST volume is 197.15M, while USDT volume is 6.11M, indicating high trading activity despite the downtrend.
Conclusion:
$JST/USDT remains in a strong short-term bearish trend, but the oversold RSI suggests a possible relief rally if support holds. Traders should watch the $0.02988 support and $0.03229 resistance closely for near-term trading opportunities.
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