Those red candles showing up at the end of the chart might be a sign that the rally is taking a breather…It looks like some traders started taking profits, which is causing a bit of a pullback.
Despite a stellar 7-day gain of 45.09%, the question now is whether JST can hold above the critical $0.04340 support level if the correction deepens. On the bright side, the CRSI at 13.62 hints at oversold conditions in the short term, which could attract new buyers looking for opportunities.
Looking at the indicators, it seems JST might need to consolidate or even test lower levels before making its next move. While the bullish momentum isn’t completely gone, it’s a good moment to stay cautious and watch the key levels.
