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JUST’s momentum stalled near $0.0425, shedding over 3% in the last day. The recent surge, fueled by a breakout, slammed into a formidable multi-month resistance wall. This rally hit pause precisely at the apex of a long-term triangle pattern, triggering a wave of profit-taking. The big question now: Was that breakout the real deal, or just a fleeting fakeout? The market is actively deciding if this surge has the legs to run further.
Price Hits Major Resistance After Strong Rally
JST Price Prediction (Source: TradingView)
The daily chart screams bullish breakout! After battling within a rising wedge, the price EXPLODED through its upper boundary, now setting its sights on the formidable $0.0440 ceiling. This level has crushed every rally attempt since April, but this surge feels different. Is this finally the breakout that shatters resistance?
Bulls defend their territory! Price action dances above a fortified EMA range ($0.0348 – $0.0388), forging a robust support floor. Recapturing the EMA stack is a bullish battle cry, but the real showdown happens at resistance. Will the breakout ignite a powerful uptrend, or will it falter, leading to a period of consolidation? The market’s reaction at this critical juncture will reveal its hand.
RSI flirts with 74, a danger zone where markets often take a breather. But watch closely! Bearish whispers are echoing from past peaks. Will this rally fizzle like the others, or will bulls defy the warning signs? The current hesitation is a critical test.
“Breaching the ascending lifeline from October’s depths spells trouble: brace for a potential dive towards the critical EMA confluence.”
Intraday Charts Show Initial Retest Of Support
JST Price Action (Source: TradingView)
JUST is dancing on a knife’s edge. That 30-minute chart shows it’s flirting with disaster, testing the rising trendline that fueled its earlier breakout. A heart-stopping dip below the line shook things up, but buyers are stepping in, hinting at strong support ready to catch it. Is this a temporary stumble, or a sign of things to come? Watch closely.
The $0.0437 Supertrend looms like a stubborn ceiling, deflecting bullish advances. The Directional Movement Index whispers caution: the ADX is losing steam, and the +DI dips, signaling a weakening upward surge. The bulls are panting; momentum is fading, and the rally’s bravado is giving way to a cautious re-evaluation.
“If the trendline cracks, brace for a descent toward $0.0410-$0.0395. That’s where the breakout party started, and old support could become the new battleground.”
Spot Flows Show Light Distribution
JST Netflows (Source: Coinglass)
December 2nd saw a mere $211K slip away, a tiny trickle after the dam burst. Lately, the charts resemble a painter’s palette – dabs of green mingle with crimson streaks, suggesting a market holding its breath, neither gorging on gains nor frantically fleeing.
This rally isn’t fueled by fundamental demand; it’s a technical tempest unleashed by breakout triggers. The current pause? Think of it as traders carefully trimming sails, not abandoning ship.
If spot flows turn positive again, the breakout could regain momentum. Sustained outflows would indicate further cooling.
Outlook. Will JUST Go Up?
JUST is flexing its muscles! After snapping back above key moving averages and blasting out of a weeks-long consolidation, it’s clear this crypto is aiming higher. What we’re seeing now? A classic pullback, testing the waters of its newly claimed support level. The big question: will the bulls defend their territory and fuel the next surge? The answer to that will dictate JUST’s next explosive move.
JUST’s breakout hangs in the balance! Bulls need to defend current support to keep the rally alive. A surge back above $0.0440 confirms the uptrend and signals further gains. But beware: a drop below $0.0410 could trigger a significant correction, sending the price tumbling back towards the $0.03 range.
Investing involves risk. This article is for informational purposes only and shouldn’t be considered financial advice. Coin Edition is not liable for any investment decisions made based on its content. Always do your own research and tread carefully before investing.
Thanks for reading JUST Price Prediction: Breakout Stalls As Sellers Test Support After Parabolic Rally
