š JCTUSDT ā Technical Analysis (1D)
š Market Structure
JCT had a strong initial spike to around 0.0126, followed by a long corrective downtrend.
Price recently formed a local bottom near 0.00162 and is now bouncing upward.
Current price: ~0.00237, showing short-term recovery but still inside a broader downtrend.
---
š Trend Analysis
Primary trend: Bearish (lower highs & lower lows since the top)
Short-term trend: Attempting a bullish reversal / relief rally
Price is trying to reclaim MA(7) but still below MA(25) ā recovery not confirmed yet.
---
š¢ Bullish Signals
Clear bounce from demand zone (0.0016ā0.0018).
Recent green candles with higher lows ā early bullish momentum.
Volume expansion compared to previous days ā buyers are returning.
Daily change shows positive momentum (+11%), signaling short-term strength.
---
š“ Bearish / Risk Signals
Price is still below MA(25) ā overall trend resistance.
Previous massive pump suggests distribution phase already happened.
This move could be a dead-cat bounce if volume fades.
Order book shows sell pressure slightly higher than buy pressure (~55% asks).
---
š§ Key Levels
Support Zones
0.00210 ā 0.00200 (minor support)
0.00160 ā 0.00180 (strong demand / swing low)
Resistance Zones
0.00255 ā 0.00270 (MA25 + local resistance)
0.00340 ā 0.00360 (major resistance)
0.00590 (strong supply from previous structure)
$JCT
#technical_analysis