Tron (TRX) and Just (JST) Technical Analysis: Buyers Exhausted?

Dalmas  |  Aug 25, 2021

Tron and Just prices are trading in bullish breakout patterns but present consolidating. Even so, TRX crypto bulls have their eyes set on $0.12 in the short term.

Tron (TRX)

The platform is one of the most active smart contracting platforms using TRX as their internal currency.

Past Performance of TRX

The Tron coin is firm, though facing headwinds as per TRX candlestick arrangement in the daily chart.

Overall, the uptrend is valid.

However, the consolidation of the past few days and the inability of the TRX crypto coin to surge past this week's highs could signal trend weakness.

In all, TRX is down five percent on the last trading day, losing against the greenback.

Day-Ahead and What to Expect

The TRX price is stable above the middle BB—a net positive for optimistic buyers.

Accordingly, every dip may provide entries for risk-off traders angling for more gains in the medium term.

As of writing, TRX coin buyers must clear $0.10 for buy trend continuation of early August.

Tron Technical Analysis

Tron Price Daily Chart for Aug 25

The uptrend is valid, and TRX crypto buyers are in control.

A close above $0.10 confirms the uptrend of last week, opening up even more opportunities for buyers to rewind losses and reclaim highs of May 19 at $0.12—the immediate buy target.

However, losses below the middle BB at $0.08 may see the coin retrace deeper towards $0.07.

Just (JST)

The DeFi protocol is one of the most active in the Tron ecosystem, using the JST token for governance.

Past Performance of JST

The hesitation of JST crypto bulls mirrors the state of the crypto market in general.

Currently, the JST coin is in a bullish breakout pattern as per Just technical analysis in the daily chart, stable versus the USD on the last trading day.

Since buyers are in control, JST traders may find opportunities to ramp up on dips.

Day-Ahead and What to Expect

For buy trend continuation, Just buyers must clear this week's high.

Once this is complete, the next viable target for optimistic Just traders lies at $0.10 — April 2021 lows once this is complete.

There could be a cause of concern for bulls if JST coin prices drop below $0.065.

Just Technical Analysis

Just Price Daily Chart for Aug 25

In this current consolidation, JST crypto buyers may find entries on dips above the middle BB and $0.065.

However, more clear opportunities exist above last week's highs, paving the way for $0.10 in the medium term.

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