The 24-hour gain surged to 278.52%, while single-day futures trading volume hit 1.952 billion USDT. This enormous volume and sharp volatility have drawn the market’s full attention. The $JCT perpetual contract rocketed from a 24-hour low of 0.002512 to a high of 0.021344, with the range spanning more than sevenfold. However, selling pressure kicked in decisively after the surge, and the latest price has already retreated to 0.010224 (mark price: 0.010133)—a pullback of more than half from the intraday high. Buyers who chased the rally near the top have taken a significant short-term hit.
On the 4-hour chart, a huge bullish candle earlier lifted the price directly from the bottom. The next 4-hour candle then surged and pulled back, leaving a very long upper wick. With about 1 hour and 50 minutes left before it closes, this still-forming candle has already recorded 109 million USDT in trading volume. Short-term sentiment is cooling rapidly after becoming overheated, and RSI(6) has fallen from an extremely high level to 66.48.
The psychological round-number level of 0.010000 is now being tested. If the 4-hour candle closes above 0.010000, the price may consolidate and change hands between 0.010000 and 0.013700 in the short term, with the previous high of 0.021344 serving as stronger resistance above. If 0.010000 is decisively lost on heavy volume, the next genuine moving-average supports lie near the 4-hour EMA(20) at 0.006374 and EMA(50) at 0.005365. Price action is extremely volatile, with sharp rises and falls unfolding rapidly.
$JCT #加密市场观察
On the 4-hour chart, a huge bullish candle earlier lifted the price directly from the bottom. The next 4-hour candle then surged and pulled back, leaving a very long upper wick. With about 1 hour and 50 minutes left before it closes, this still-forming candle has already recorded 109 million USDT in trading volume. Short-term sentiment is cooling rapidly after becoming overheated, and RSI(6) has fallen from an extremely high level to 66.48.
The psychological round-number level of 0.010000 is now being tested. If the 4-hour candle closes above 0.010000, the price may consolidate and change hands between 0.010000 and 0.013700 in the short term, with the previous high of 0.021344 serving as stronger resistance above. If 0.010000 is decisively lost on heavy volume, the next genuine moving-average supports lie near the 4-hour EMA(20) at 0.006374 and EMA(50) at 0.005365. Price action is extremely volatile, with sharp rises and falls unfolding rapidly.
$JCT #加密市场观察
