$JCT rose more than 19% to 0.0052, and liquidity on shorter timeframes is clearly visible, but that’s not what really matters to me. What matters is that 12.29 million tokens will enter circulation on November 10, worth more than $6 million. This means the market is heading for a real test of its ability to absorb the supply, especially since more than 77% of the total supply is still locked.
Support is between 0.0049 and 0.0051, while resistance starts at 0.0056 and then 0.0060. But these levels won’t mean much if the tokens are released on schedule.
I think buyers will struggle to absorb the coming pressure without a correction. If November 10 passes without a break below 0.0049, I’m prepared to change my mind. This is analysis, not advice.
#JCT #Janction #BinanceSquare
Support is between 0.0049 and 0.0051, while resistance starts at 0.0056 and then 0.0060. But these levels won’t mean much if the tokens are released on schedule.
I think buyers will struggle to absorb the coming pressure without a correction. If November 10 passes without a break below 0.0049, I’m prepared to change my mind. This is analysis, not advice.
#JCT #Janction #BinanceSquare
