Cream Finance (CREAM) and Just (JST) Technical Analysis: What to Expect?

Just (JST)

The Tron-based DeFi protocol, Just, offers a suite of products, including a stablecoin platform, a money market protocol, and a DEX.

Past Performance of JST

JST/USDT prices have been inching higher on decent trading volumes on the last week of trading despite market shocks of mid-May.

As of June 4, the JST price is down five percent with rising trading volumes which added 74 percent to $34.6 million.

Day-Ahead and What to Expect

From the daily chart, JST prices remain in range inside a tight zone.

The middle BB is the immediate resistance level.

Overly, bears have the upper hand since JST/USDT prices are within the May 19 trade zone.

JST/USDT Technical Analysis

JST candlestick arrangement indicates strength in the short term.

However, resistance remains at the middle BB and $0.075. A close above this mark confirms a possible buy trend continuation for JST with initial targets at $0.10.

An influx of buyers and rising trading volumes above this liquidation line may anchor JST/USDT prices to surge towards $0.20.

If, however, sellers take control, pushing JST/USDT prices below $0.05, JST could drop to as low as $0.03.

Cream Finance (CREAM)

The Compound-fork relies on the CREAM governance token. It is a DeFi protocol providing various services, including swapping, payment, lending, and tokenization of assets.

Past Performance of CREAM

CREAM prices are steady, absorbing sell pressure and inching higher versus the greenback.

At press time, CREAM is one of the top DeFi token performers.

Still, on the back of yesterday's gains, the token is down three percent on the last trading day with decreasing trading volumes which fell 24 percent to around $9 million.

Day-Ahead and What to Expect

The path of the least resistance remains northwards for CREAM, as Cream Finance technical analysis on the daily chart reveals.

Although prices are edging higher, CREAM/USDT remains in a ranging market with identifiable support and resistance at $95 and $180, respectively.

From the daily chart, CREAM/BUSD prices are now aligning along the upper BB, signaling bulls.

CREAM/BUSD Technical Analysis

Aforementioned, CREAM prices remain in range mode. Still, there are bearish shadows since CREAM/BUSD prices haven't revised losses of February 2021.

Therefore, the short- and medium-term trajectory relies on how prices react at $180 and $95, respectively.

Accordingly, traders can wait for a high-volume close above $180—the immediate resistance line—before loading the dips.

A close above $180 builds the base for further gains towards $380—Q1 2021 highs.