$JCT at 0.00291, and the double event on November 10 explains the decline, not the chart. The unlock of 1.18 billion tokens equals 2.4% of the total supply, but represents more than 10% of the current circulating supply. The difference between those two figures is what matters to me, because the market absorbs supply relative to what is actually being traded, not the total supply.
On the other hand, being listed on Binance Alpha and Futures on the same day could bring in new liquidity. But a listing is a one-time event, while an unlock adds permanent supply.
Support: 0.0026–0.0029; resistance: 0.0032, then 0.0038.
I think the listing won’t absorb all this supply in a single day, because new liquidity takes time to arrive, while the unlock creates immediate pressure. If the price closes above 0.0032 on November 10 itself, I’ll consider that the market has absorbed the pressure.
This is analysis, not financial advice.
If you found this post helpful, I’d appreciate your support with a like 👍
#JCT #Janction #BinanceSquare
On the other hand, being listed on Binance Alpha and Futures on the same day could bring in new liquidity. But a listing is a one-time event, while an unlock adds permanent supply.
Support: 0.0026–0.0029; resistance: 0.0032, then 0.0038.
I think the listing won’t absorb all this supply in a single day, because new liquidity takes time to arrive, while the unlock creates immediate pressure. If the price closes above 0.0032 on November 10 itself, I’ll consider that the market has absorbed the pressure.
This is analysis, not financial advice.
If you found this post helpful, I’d appreciate your support with a like 👍
#JCT #Janction #BinanceSquare
