Structurally, $JCT 's open interest and price have diverged (open interest rising, price falling): over 24 hours, open interest is up 30.59%, while the price is down 40.84%, with the current price at 0.002348.
Watch two things next:
First, whether open interest continues to rise. Continued increases often indicate that bears are still pressing their attack. Second, whether the price can recover its losses on a rebound with increased volume. If it does, watch out for bears covering their positions in a concentrated push.
Watch two things next:
First, whether open interest continues to rise. Continued increases often indicate that bears are still pressing their attack. Second, whether the price can recover its losses on a rebound with increased volume. If it does, watch out for bears covering their positions in a concentrated push.
