JST Technical Analysis Feb 3

JST is showing short-term bearish signals while trading horizontally around $0.04, but with strong support levels and neutral RSI, both bullish and bearish scenarios are possible. The market is awaiting a breakout at critical resistance and support levels; volume and BTC correlation will be decisive for movements in either direction.

Current Market Situation

The JST price is currently trading at the $0.04 level and is stuck in a narrow range of $0.04 – $0.04 with a 3.33% drop in the last 24 hours. While volume remains at low levels of $5.07M, the overall trend is sideways but short-term indicators are under bearish pressure. RSI at 46.43 is in the neutral zone, MACD shows a negative histogram indicating selling momentum. The price is trading below EMA20 ($0.04$), which paints a short-term bearish picture. The Supertrend indicator is giving a bearish signal and positions $0.05 as resistance.

In multi-timeframe (MTF) analysis, a total of 14 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/3 resistances on 1D, 2 supports/3 resistances on 3D, and a balanced 4 supports/4 resistances on 1W. Critical supports are $0.0402 (score: 89/100) and $0.0366 (78/100), while resistances are $0.0418 (84/100), $0.0442 (74/100), and $0.0472 (66/100). These levels stand out as pivot points that will determine the price direction. There are no notable developments specific to JST in the news flow, so technical factors are in the foreground.

Scenario 1: Bullish Scenario

How Does This Scenario Unfold?

For the bullish scenario, a volume-backed breakout above the $0.0418 resistance (84/100 score) is essential first. Once this level is surpassed, short-term EMA20 and Supertrend signals could turn positive; RSI above 50 and MACD positive crossover serve as confirmation mechanisms. Then, $0.0442 and $0.0472 levels are tested, where increasing buy volume and bullish candlestick patterns (e.g., hammer or engulfing) strengthen the scenario. In MTF, a rebound from supports on the 1W timeframe could signal a long-term trend change. BTC stabilization or upside acts as a catalyst for JST due to its correlation. This scenario is invalidated by a break below $0.0402 support – in that case, the bullish probability weakens.

Target Levels

First target $0.0442, second $0.0472, and Supertrend resistance at $0.05. According to Fibonacci extension levels (calculated from previous swing highs), the $0.055 – $0.06 range can be monitored as medium-term targets. Risk/reward ratio (R/R) at a $0.0418 entry with $0.0472 target is approximately 1:2. Profit-taking strategies at these levels should be supported by partial position closures; for example, 50% of the position is realized at $0.0442.

Scenario 2: Bearish Scenario

Risk Factors

The bearish scenario is triggered by a close below the strong $0.0402 support (89/100 score). In this breakout, the MACD histogram deepens, RSI drops below 40, and Supertrend strengthens the sell signal. If low-volume selling accelerates, the $0.0366 level is tested quickly; bearish candlestick patterns (shooting star or bearish engulfing) and increasing sell volume provide confirmation. Continuation of BTC’s downtrend (if $74,604 support breaks) creates pressure on altcoins, pulling JST down. In MTF, resistance density on 1D and 3D timeframes makes upward rebounds difficult. The scenario is invalidated by a break above $0.0418 resistance – this signals upside.

Protection Levels

First protection level $0.0366, second at lower supports with a long-term bearish target of $0.0154. Although this level forms a strong base from historical lows, it should be monitored carefully due to a score of 0. R/R ratio for short entry below $0.0402 targeting $0.0366 is around 1:1.5; stop-loss is placed above $0.0418. Using a trailing stop for position management in a downtrend provides protection against volatility.

Which Scenario to Watch?

The decision moment should focus on price action in the $0.0402 – $0.0418 range: volume increase and positive indicator crossovers favor the bulls on an upside breakout, while sell volume and bearish patterns signal the bears on a downside breakout. Additional confirmations like RSI divergence (RSI rising while price falls as a bull alert) or MACD zero line test should be sought. Momentum shifts on short-term (1H-4H) charts provide early warnings. In both scenarios, invalidation levels must be closely monitored to prevent traders from being caught in the wrong direction.

Bitcoin Correlation

BTC is currently at $75,734 with a 3.93% daily drop in a downtrend; Supertrend is bearish with main supports at $74,604, $72,323, $61,126. Altcoins like JST show high correlation to BTC – if BTC breaks below $74,604, the bearish scenario for JST strengthens as altcoin rotation decreases. Conversely, if BTC surpasses $77,899 resistance (targets $82,233 and $85,347), JST benefits from the bullish scenario. Rising BTC dominance increases risk for altcoins; JST traders should prioritize monitoring BTC levels.

Conclusion and Monitoring Notes

The breakout direction from JST’s sideways consolidation will determine traders’ strategies; both scenarios are supported by technical balances. Monitoring list: $0.0402/$0.0418 pivots, volume profile, RSI/MACD signals, and BTC $74,604/$77,899 levels. Visit JST Spot Analysis and JST Futures Analysis pages for detailed review. Follow market developments by applying your own risk management – analysis is a tool to inform your decisions.