Will JUST (JST) Be a Stable DeFi Platform? - Kakiforex.com - Financial Market Media No. 1 in the World Will JUST (JST) Be a Stable DeFi Platform? Will JUST (JST) Be a Stable DeFi Platform?
InstaForex

June 14, 2021

Will JUST (JST) Be a Stable DeFi Platform?

 JUST a decentralized financial ecosystem (DeFi) built on the TRON blockchain. It is a suite of decentralized products that provide stablecoin loans publicly known as JustStable, which has been distributed since May 2020.


The JUST ecosystem was founded by Justin Sun -founded Just Foundation where half of its technology team members come from world -class internet companies like Alibaba, Tencent and IBM, while JUST’s financial analysts come from several global investment banks experienced in the blockchain industry.


The main focus of this platform is designed to provide a fair and borderless hub of DeFi products, so that any TRON user can access it.


As can be seen on the JST/USDT price movement chart, the price movement saw a surge momentum of over 700% at the market opening of January to April 5, 2021 by recording an all -time high (ATH) level of $ 0.20.


After that, Just was powerless to continue the rise and made a decline again until testing the support level around the $ 0.06 price in line with the fall in the price of bitcoin.



From a technical point of view, Just is currently playing in the support space to reach the SBR zone (support become resistance) around $ 0.08 where the zone is seen as difficult to penetrate by JUST.


If the JUST price movement manages to break the resistance level, the next SBR zone around $ 0.11 will be tested first before returning to make higher gains.


The next risk is, if the price movement continues to see a bearish trend and breaks the support level around $ 0.05, the price movement is expected to resume continuing the decline until testing the lowest level ever recorded before.