$JCT has suffered a sharp reversal after its sudden rally from around $0.003 to a peak above $0.020. Price has now fallen to $0.00897, giving back a significant portion of the gains as sellers take control. The recent candles show only a weak attempt to stabilize, leaving the short-term structure under pressure.
The marked $0.0130 – $0.0140 zone now acts as major overhead resistance. Any recovery toward this area could face renewed selling, while failure to regain momentum may leave price exposed to another leg lower, potentially toward the previous consolidation range around $0.0030 – $0.0040.
For now, JCT needs to establish a stable base before another bullish attempt becomes convincing. A sustained recovery above the recent pullback structure could improve the outlook, but until then, the risk of further retracement remains high following such a steep rejection.
#JCT #Altcoin Season# #Macro Insights#NvidiaInvestigatesAfterHuang’sAffairApology
The marked $0.0130 – $0.0140 zone now acts as major overhead resistance. Any recovery toward this area could face renewed selling, while failure to regain momentum may leave price exposed to another leg lower, potentially toward the previous consolidation range around $0.0030 – $0.0040.
For now, JCT needs to establish a stable base before another bullish attempt becomes convincing. A sustained recovery above the recent pullback structure could improve the outlook, but until then, the risk of further retracement remains high following such a steep rejection.
#JCT #Altcoin Season# #Macro Insights#NvidiaInvestigatesAfterHuang’sAffairApology
