- JOE Price Prediction highlights a phase of consolidation after rejecting from $0.6662
- JOE Crypto may try to break the resistance of $0.4443 to continue its uptrend
- JOE Token Recorded a Year-To-Date Growth of 210%
JOE Price Prediction concludes that JOE Token is in a correction phase after witnessing a Bullish rally of almost 350%. JOE Coin is trading at $0.4169. The Market is up 4.25% in the last 24H. The 24H Volume witnessed a surge of 34.52%. The overall market cap of $JOE Token is $140,178,341.
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JOE Network Price Prediction: Correction after a bullish start to the year,
Source: JOE/USDT by TradingView
The daily chart suggests that Joe Token is in a correction phase after witnessing a rally of 350% between January and April. Joe Crypto started this rally from its all-time low of $0.01379 and went all the way to $0.6662. The correction which began in April depreciated the asset by almost 55% before a recovery of 36.72% to its current price.
JOE Price Prediction Point at the consolidation of the market between the support and resistance of $0.3006 & $0.4443. At present, the prices managed to flip the 9,15 and 200 EMA but the overall trend remains sideways. JOE coin will establish a direction only if either of the levels witnesses a breakout.
Swinging between support and resistance: Technicals
Source: JOE/USDT by TradingView
The 4H time frame shows how JOE bounces between its key levels. This sets the stage for swing traders who enjoy trading between strong levels. The price is bullish on a shorter time frame but a breakout of the resistance will establish a stronger uptrend. This may allow the prices to shoot 45% to the resistance level of $0.6630.
The technical indicators support the sideways price action as the fight between the Bulls and Bears continues. A rejection at the resistance will set the prices on a natural path to the support of $0.3006, which is a 30% fall. Meanwhile, the bulls may try to hold a local support level at $0.3791.
RSI
The RSI indicator is currently at 64.43 on the 4H. The market appears to be strong and the trend may remain bullish above the 50 mark.
MACD
MACD is moving along the signal by its side and the histogram bars are small in size. The indicators are close to 0 line. It suggests that momentum is missing and the price is moving sideways
200 EMA
As observed, on the 4hr, the price is trading above the 200 EMA(exponential moving average) which acts as a significant support. This indicates an uptrend where the buyers are in control and for a trend reversal, the price must break and trade below the 200 EMA.
Conclusion
JOE Price Prediction concludes that JOE Token is in a correction phase after witnessing a Bullish rally of almost 350%. The Sideways market is being enjoyed by swing traders due to its volatility. JOE price must break either of its levels to establish a clear trend. The overall trend is slightly bearish as the prices are stuck in a range. Investors may show interest if the market breaks its resistance.
Technical levels
Support Levels: $0.3006 – Support 1
$0.2040 – Support 2
Current Price: $0.4169
Resistance Levels: $0.4443 – Resistance 1
$0.6662 – Resistance 2
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
