$JCT 's pullback has so far left the breakout level intact, but trading-driven momentum behind the rebound is weaker than in the previous hour. I prefer to keep waiting for confirmation of support: the newly completed four-hour candle shows a broad move higher, but the lower volume in the last hour makes me reluctant to interpret it as a direct resumption of acceleration. In the full scan at 00:02, JCTUSDT perpetual was up about 90.77% over 24 hours, ranking second.
In the previous update, the 22:00–23:00 candle closed at 0.002573. After the pullback, price remained above 0.002545, but volume and the share of aggressive buying declined. The current 23:00–24:00 candle opened at 0.002575, reached a high of 0.002679 and a low of 0.002482, and closed at 0.002630, up about 2.14% for the hour. The low rose from 0.002453 to 0.002482, and the close also moved higher, supporting the case for a recovery. However, although price moved above 0.002666 intrahour, the completed candle did not hold that level, and its high was also below the previous candle's 0.002811.
Volume is what concerns me more. The last hour saw about 6.4009 million USDT in volume, down about 49.9% from 12.7702 million in the preceding hour. Aggressive buying volume was about 3.1444 million, or 49.1%, an improvement from 47.2% previously. Price recovered and the buyers' share edged up, but trading volume was cut in half. This combination shows that a recovery occurred, but it is not enough to show that upward momentum is expanding. A low-volume rebound could mean sellers have temporarily stepped back, or simply that participation has weakened; these data alone cannot establish that selling pressure has dried up.
This time, the four-hour candle has a confirmed close. From 20:00 to 24:00 on October 9, it opened at 0.002417 and closed at 0.002630, a gain of about 8.81%, with volume of about 43.2828 million USDT—3.40 times the equivalent-length 16:00–20:00 window. The previous update's 20:00–24:00 window was still incomplete; we can now confirm that price rose and volume expanded over this four-hour period. But this period includes the acceleration from 21:00 to 22:00 as well as the subsequent retracement and low-volume recovery, so the four-hour total should not obscure the slowdown in momentum across the last two hourly candles.
There is also a newly settled funding rate: at 00:00 on October 10, it was positive 0.035016%, compared with positive 0.012615% at 20:00. With a positive funding rate, longs pay shorts, so holding costs have increased somewhat. But this does not establish who is buying, prove a short squeeze, or guarantee that the rise will continue. The latest point returned by the historical OI interface is still the 23:00 reading of about 4.3189 billion JCT. The 00:00 sample is not yet available, so I will not present the old OI reading as new hourly position growth or prematurely infer that new longs drove the price recovery.
Compared with the previous update, the new information is a close back at 0.002630, a higher low, a further drop in volume of nearly half, the first completed 20:00–24:00 four-hour candle, and a new funding-rate settlement. The old breakout level has now held through consecutive closes, but the strength of further upside remains unconfirmed. The earlier decision to wait for support has received only partial confirmation.
Binance's original announcement confirmed JCT as Janction. So far, I have found no independent new catalyst sufficient to explain this rebound; the old listing news and business vision should not be treated as its direct cause. The data are from Binance USDT perpetuals, with prices quoted in USDT. The new hour after 00:00 is not yet complete.
Next, watch whether 0.002545 continues to hold on completed hourly closes, and whether 0.002666 can shift from an intrahour touch to a confirmed close back above the level. If price retests 0.002679, 0.002811, and 0.002864 while both volume and price momentum improve, the case for continuation will strengthen. If 0.002545 gives way, followed by a drop below 0.002482 and 0.002453, the recovery on the downside will need to be reassessed. A large 24-hour gain cannot substitute for these confirmations.
In the previous update, the 22:00–23:00 candle closed at 0.002573. After the pullback, price remained above 0.002545, but volume and the share of aggressive buying declined. The current 23:00–24:00 candle opened at 0.002575, reached a high of 0.002679 and a low of 0.002482, and closed at 0.002630, up about 2.14% for the hour. The low rose from 0.002453 to 0.002482, and the close also moved higher, supporting the case for a recovery. However, although price moved above 0.002666 intrahour, the completed candle did not hold that level, and its high was also below the previous candle's 0.002811.
Volume is what concerns me more. The last hour saw about 6.4009 million USDT in volume, down about 49.9% from 12.7702 million in the preceding hour. Aggressive buying volume was about 3.1444 million, or 49.1%, an improvement from 47.2% previously. Price recovered and the buyers' share edged up, but trading volume was cut in half. This combination shows that a recovery occurred, but it is not enough to show that upward momentum is expanding. A low-volume rebound could mean sellers have temporarily stepped back, or simply that participation has weakened; these data alone cannot establish that selling pressure has dried up.
This time, the four-hour candle has a confirmed close. From 20:00 to 24:00 on October 9, it opened at 0.002417 and closed at 0.002630, a gain of about 8.81%, with volume of about 43.2828 million USDT—3.40 times the equivalent-length 16:00–20:00 window. The previous update's 20:00–24:00 window was still incomplete; we can now confirm that price rose and volume expanded over this four-hour period. But this period includes the acceleration from 21:00 to 22:00 as well as the subsequent retracement and low-volume recovery, so the four-hour total should not obscure the slowdown in momentum across the last two hourly candles.
There is also a newly settled funding rate: at 00:00 on October 10, it was positive 0.035016%, compared with positive 0.012615% at 20:00. With a positive funding rate, longs pay shorts, so holding costs have increased somewhat. But this does not establish who is buying, prove a short squeeze, or guarantee that the rise will continue. The latest point returned by the historical OI interface is still the 23:00 reading of about 4.3189 billion JCT. The 00:00 sample is not yet available, so I will not present the old OI reading as new hourly position growth or prematurely infer that new longs drove the price recovery.
Compared with the previous update, the new information is a close back at 0.002630, a higher low, a further drop in volume of nearly half, the first completed 20:00–24:00 four-hour candle, and a new funding-rate settlement. The old breakout level has now held through consecutive closes, but the strength of further upside remains unconfirmed. The earlier decision to wait for support has received only partial confirmation.
Binance's original announcement confirmed JCT as Janction. So far, I have found no independent new catalyst sufficient to explain this rebound; the old listing news and business vision should not be treated as its direct cause. The data are from Binance USDT perpetuals, with prices quoted in USDT. The new hour after 00:00 is not yet complete.
Next, watch whether 0.002545 continues to hold on completed hourly closes, and whether 0.002666 can shift from an intrahour touch to a confirmed close back above the level. If price retests 0.002679, 0.002811, and 0.002864 while both volume and price momentum improve, the case for continuation will strengthen. If 0.002545 gives way, followed by a drop below 0.002482 and 0.002453, the recovery on the downside will need to be reassessed. A large 24-hour gain cannot substitute for these confirmations.