Summary
• Price remains consolidated near 4.1e-07 with minimal 5-minute volatility.
• A small-volume bullish break above 4.1e-07 occurred briefly at 09:30 ET, but failed to sustain.
• Turnover and volume remained muted, with only two spikes above 1 million JST.
• No overbought or oversold RSI readings observed; momentum neutral.
• Bollinger Bands show no significant expansion; price within expected range.
JUST/Bitcoin (JSTBTC) opened at 4.1e-07 on 2025-12-09 12:00 ET, reached a high of 4.2e-07, a low of 4.0e-07, and closed at 4.1e-07 on 2025-12-10 12:00 ET. Total volume across the 24-hour window was approximately 28,650,482 JST, and notional turnover totaled roughly 11.745 BTC.
Structure & Formations
The 5-minute chart shows a highly compressed range with no significant candlestick patterns emerging. Price action remains within a narrow band between 4.0e-07 and 4.2e-07, with a minor bullish attempt at 09:30 ET failing to close above the 4.1e-07 level. No engulfing or doji patterns are present, indicating a lack of directional pressure from either buyers or sellers.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are nearly flat and closely aligned, reinforcing the lack of trend. On the daily chart, the 50-period MA appears to form a subtle support level near 4.1e-07.
Momentum and Volatility
The RSI remains in the mid-50s throughout the day, reflecting a neutral momentum profile with no overbought or oversold conditions. Bollinger Bands are constricted, showing low volatility. Price remains within one standard deviation of the mean, suggesting continuation of the current sideways phase.
Volume and Turnover
Trading volume remained subdued throughout the day, with only two spikes above 1 million JST (at 20:30 and 22:00 ET). Turnover in BTC mirrored volume, with no divergence observed. The volume at the 09:30 ET candle suggests a minor attempt at a breakout, but it failed to confirm with follow-through volume.
Fibonacci Retracements
Applying Fibonacci levels to the recent 5-minute swing (from 4.0e-07 to 4.2e-07), key retracement levels at 4.1e-07 (61.8%) and 4.15e-07 (38.2%) appear to coincide with current consolidation levels. A sustained move above 4.15e-07 may trigger a test of the 4.2e-07 level in the next 24 hours.
Looking ahead, the pair could remain range-bound unless a stronger volume-driven move breaks the current consolidation. Investors should watch for a clear breakout above 4.15e-07 or a break below 4.05e-07. As always, position sizes should be managed to account for the low liquidity and potential for sudden price swings.
Comments
No comments yet