JST Technical Analysis Feb 10

JST is maintaining its upward trend structure with higher highs and higher lows, but a break below $0.0419 support could signal a trend change (CHoCH). While the market structure has not yet shown a clear BOS, above $0.0472 could give a continuation signal.

Market Structure Overview

JST’s current market structure reflects a short-term upward trend appearance. The price is stabilizing at the $0.04 level and has shown a 4.21% rise in the last 24 hours while staying above EMA20 ($0.04). Although this is a signal indicating the continuation of the short-term bullish structure, a cautious approach is required due to the Supertrend bearish signal and the $0.05 resistance. There are 13 strong levels across multiple timeframes (MTF): 3 supports/3 resistances on 1D, 2 supports/3 resistances on 3D, and 3 supports/5 resistances on 1W. This indicates greater resistance pressure on higher timeframes and potential difficulty in upward movement. Market structure analysis defines an uptrend based on higher highs (HH) and higher lows (HL) patterns, with a potential lower low (LL) formation being critical for invalidating the structure.

Trend Analysis: Uptrend or Downtrend?

Uptrend Signals

The uptrend is supported by recent swing lows forming higher lows. The most recent swing low at $0.0419 (score: 89/100) provides strong support, and as long as the price stays above this level, the HH/HL structure remains intact. The previous swing low at $0.0386 (81/100) was broken to form a new HL, validating the trend continuation pattern. RSI at 53.23 is neutral, but holding above EMA20 confirms short-term bullish momentum. Although the MACD histogram is neutral at zero, the uptrend appears to have enough strength to test the $0.0456 swing high. In this structure, each new HH confirms trend strength and shows buyer dominance.

Downtrend Risk

Downtrend risk increases with a break of the $0.0419 swing low; this forms a lower low (LL) and gives a Change of Character (CHoCH) signal. The $0.0434 swing high (65/100) has already been tested and not surpassed, carrying lower high (LH) potential. The Supertrend bearish signal and BTC downtrend could create pressure on altcoins. The 1W timeframe’s 5 resistances/3 supports balance reminds of long-term downside risk. A drop below $0.0386 triggers the LH/LL structure and confirms a bearish BOS.

Structure Break (BOS) Levels

Structure break (Break of Structure – BOS) levels confirm trend changes. For a bullish BOS, a close above $0.0472 (67/100) swing high and $0.05 Supertrend resistance is required; this forms a new HH and strengthens the uptrend. A bearish BOS is triggered by a break of $0.0419 support, targeting $0.0386 and $0.0402. Confirmation with candle closes on these levels is essential; stop-loss is critical against fakeouts. MTF alignment is important: a 1D BOS validated by 3D support makes the structure valid. $0.0246 bearish target (score 4) indicates a distant long-term risk level.

Swing Points and Their Importance

Recent Swing Highs

Recent swing highs: $0.0456 (69/100) is the most critical resistance; a break brings a new HH. $0.0472 (67/100) is the next target above, and $0.0434 (65/100) is a short-term pivot. These points are areas of buyer/seller thresholds; holding brings LH risk, breaking brings HH confirmation. Swing high scores are at medium levels, so volatility may be high.

Recent Swing Lows

Recent swing lows: $0.0419 (89/100) main support; a break triggers CHoCH. $0.0386 (81/100) secondary support and $0.0402 (69/100) intermediate level. These lows define the HL pattern; protecting them is key to the uptrend. Support scores are high, buyer interest is strong but can be tested by BTC pressure.

Bitcoin Correlation

BTC is in a downtrend at $68,517 (-0.45% 24h) with Supertrend bearish; a break of $65,793 support poses risk for altcoins. JST is positively correlated with BTC; if BTC fails to break $71,930 resistance, JST will face pressure at $0.0456. A BTC drop below $60,000 brings a JST test at $0.0386. Conversely, a BTC breakout at $79,329 supports JST’s bullish BOS. Rising BTC dominance may delay altcoin rallies; while monitoring JST structure, focus on BTC levels: Supports $65,793/$60,000, resistance $71,930.

Structural Outlook and Expectations

The structural outlook is an uptrend based on HH/HL but filled with bearish risks. Holding above $0.0419 provides continuation, below starts CHoCH and LH/LL. MTF resistance-heavy structure limits upside; neutral indicators (RSI 53, MACD 0) reflect indecision. Traders should use swing levels as pivots and wait for BOS. With no news, technical structure dominates; check JST Spot Analysis for spot, JST Futures Analysis for futures. Market structure is dynamic; real-time updates are essential.