$JST $JUP $AI 🚀 JST Coin: Bullish momentum and breakout of key resistance levels 🔥
JST Coin shines today after successfully breaking through important technical barriers, driven by the buyback programs implemented by JustLend DAO, which boosted investor confidence and reduced circulating supply.
🔍 Technical analysis and current data:
Current price: The price is currently trading between 0.040 USDT and 0.044 USDT, with a daily increase of about 1.11% to 1.70% on some platforms.
Bullish momentum: The price is currently trading above the 200-day moving average, indicating a strong and sustained upward trend since mid-January.
RSI Indicator: The reading ranges between 52 and 55, which is a positive area that gives the price additional room to rise before reaching overbought territory.
Fundamental factors: The burning of over 1.08 billion JST tokens and a buyback worth $21 million contributed to creating a contraction pressure that supports the price increase.
🎯 Vital monitoring levels:
Resistance (targets): The first target is to hold above $0.0447, and breaking it opens the way towards $0.046 and then $0.050.
Support (safety): The area around $0.041 is the near support, while the level at $0.0394 is considered the main safety valve and the strongest area for buyer rebounds.
Conclusion: JST is in an excellent technical position (Bullish) on the medium time frames (daily and 4 hours). Holding above $0.041 qualifies it for further increases in the coming days. 👀💎
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