Numeraire (NMR) and Just (JST) Technical Analysis: Bears Are Solid

Numeraire (NMR)

The platform on Ethereum allows data scientists to develop machine learning models using NMR as the primary currency.

Past Performance of NMR

The Numeraire token is under pressure, conclusive from the development in the daily chart. 

At present, NMR technical analysis points to weakness and a possibility of even deeper retracement of NMR crypto prices in the days to come.

Day-Ahead and What to Expect of NMR

Technically, NMR token prices are under immense pressure, rewinding losses of last weekend. 

As long as NMRUSDT prices are below $45 and $50, NMR crypto sellers are in a favorable position. 

Accordingly, NMR coin traders might find entries to unload the expansion, targeting the $35 to $37 zone marking September 2021 lows.

Numeraire Technical Analysis

From the daily chart, the NMRUSDT price is within a bear breakout pattern, with losses of November 16 serving as confirmation. 

Traders may, therefore, initiate positions to mirror the state of price action. 

While there could be hope for bulls above $47, deeper retracements below $35 may see NMR token plunge to new Q4 2021 lows.

Just (JST)

The DeFi platform on the Tron blockchain depends on JST for governance.

Past Performance of JST

The Just token price is flat-lining when writing though the JST crypto uptrend is valid.

Technically, JSTUSDT prices are at around break-even with the greenback considering the sideways movement of the past few weeks.

Day-Ahead and What to Expect of JST

Based on the JST technical analysis of the daily chart, the primary resistance is at $0.10. 

Though buyers may flow back and blast above the liquidation line, a contraction sinking JSTUSDT below $0.07 may be more consequential. 

Since prices are consolidating, traders can take a wait-and-see approach until there is a trend definition in either direction.

Just Technical Analysis

The primary trend is green, a net positive for JST traders. 

In the days ahead, a close above $0.10 may be the basis for a moon-swing towards $0.20 – 2021 highs in a buy trend continuation. 

Promising as JST traders maintain momentum, the lack of strength to overcome the liquidation line points to weakness. 

Unexpected losses below $0.07, marked with high trading volumes, may trigger a sell-off back to $0.05.