Just and DIA are bottoming up, stable on the last trading day. DIA/USDT medium-term trajectory depends on reaction at $1.5. On the other hand, JST/USDT is retesting the middle BB though the trend remains bearish. Just (JST) The protocol is one of the most popular DeFi dApp in Tron built around the platform’s stablecoin, JustStable. It depends on JST for governance. Past Performance of JST Steep, double-digit losses in the crypto scene were the norm in May and June. More than six weeks after sliding below the 20-day moving average, JST prices are capped at $0.05, reversing from $0.03. Even though traders are confident, JST prices remain bearish. Currently, JST is relatively stable against the USD with rising trading volumes. Day-Ahead and What to Expect JST/USDT prices are bottoming up. Even so, the path of least resistance is southwards unless otherwise there is a sharp close above $0.05 with rising trading volumes. Specifically, the middle BB caps bulls and is a strong liquidation line as its gradient guides traders. JST/USDT Technical Analysis From the daily chart, risk-on traders may find buying opportunities in an overwhelmingly bearish trend. Reversal of June 21 and 22 as the market seeks equilibrium after June 23 undervaluation may see JST retest $0.05. Meanwhile, lower lows pouring cold water on the uptrend may see JST drop to $0.04. DIA The middle-ware protocol aims to be the Wikipedia of financial data. Riding on Ethereum, it sources verified data to smart contracts. The platform’s primary token is DIA. Past Performance of DIA DIA prices range within a $0.5 zone with identifiable resistance and support at $1.5 and $0.95, respectively. Although buyers are ecstatic, sellers have the upper hand as DIA/USDT prices flat-line in a possible accumulation. As of writing, DIA is down two percent. Bulls have failed to follow through on gains of early this week. Day-Ahead and what to Expect Evidence puts sellers in the driving sear amid trader confidence. DIA is bearish below $1.5 and the middle BB while lower lows from spot rates only build momentum for sellers targeting to confirm the bear breakout of mid-May 2021. DIA/USDT Technical Analysis DIA prices are in range inside June 21 and 22 bear bars. Technically, this skews momentum in favor of sellers from a Volumes analysis perspective. DIA/USDT must break $1.5 ideally at the back of increasing trading volumes resulting in a wide-ranging bull bar. In that case, DIA may reach $3 as prices bottom up. On the other hand, if DIA sinks below $0.95—this week’s low—bears may drive the token to new 2021 lows.
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