technical analysis for $JST /USDT with three target levels and trade momentum:
Technical Analysis (JST/USDT)
Current Market Overview:
Current Price: 0.03824 USDT (+0.03% in 24h)
24h High: 0.03880 USDT
24h Low: 0.03744 USDT
Trading Volume (JST): 57.30M
Trading Volume (USDT): 2.19M
Trend Analysis:
Price Action: The price of JST is moving within a range between 0.03744 and 0.03880. Currently, it is testing the upper resistance zone, showing a neutral to bullish momentum.
Momentum Indicator: With a slight upward price movement in the last 24 hours (+0.03%), the momentum is mildly bullish, but there’s no significant breakout yet.
Support and Resistance:
Support Zone: 0.03744
Resistance Zone: 0.03880
Key Indicators:
Moving Averages (MA):
Short-term MA shows neutral movement (slight upward trend).
Long-term MA indicates a sideways trend, with no strong signals for a bullish or bearish breakout.
Relative Strength Index (RSI): RSI is close to neutral (around 50-55), indicating no overbought or oversold conditions at the moment.
MACD: The MACD is showing slight bullish momentum as the histogram is moving above the baseline, but the strength is weak.
Trade Signal:
Entry Point:
Buy near the current price of 0.03824 USDT if it holds above 0.03744. This is the support level to watch for a bounce.
Target Levels (T1, T2, T3):
T1: 0.03900 USDT (Resistance level) - A breakout above this level may push the price higher.
T2: 0.04000 USDT (Next key resistance) - Look for price continuation if T1 is broken.
T3: 0.04200 USDT (Higher target) - If momentum accelerates, this could be the next resistance zone.
Stop Loss:
Below 0.03700 USDT to protect against further downside risk.
Trade Momentum:
Current Momentum: Mildly bullish (neutral to slightly upward).
Short-term Momentum: The market is consolidating in a narrow range with no clear breakout. A breakout above 0.03880 could signal more bullish momentum.
Risk Management: Be cautious of a breakdown below 0.03744 as it would indicate a potential bearish shift.