- The price of JOE is trading at $0.3095.
- The JOE price increased by +0.70% in the last 24 hours.
- The JOE year-to-date return is +131.99%.
The amount of JOE traded in a day is $7402739. It has risen by 3.41% since the last day. The trading activity is low now because the market is unfavorable, and there are not many buyers for the coin.
This week the trend was bearish as the price was down by 7.57%. By trend and price information history, we can say that JOE is underperforming right now. The coin’s value plummeted by more than 85% in all-time history, wiping out the investors’ money. The market mood is bleak, and there is a lack of demand or trading activity for the coin. This may explain why the coin has performed so poorly.
In 1-D Timeframe
As per the trendline, it’s respecting the trendline and facing rejection exactly from the drawn trendline on the chart. From the point where it declined from the trendline, it’s been bearish. As per the price action, it has been following the trendline if we look carefully we can observe a popular pattern which is known as descending triangle pattern. It is facing resistance from our trendline. So, as price action speaks, it may come down to taking support, and if it fails, there will be a possible breakdown. As per the trendline, it can reach $0.1845 soon, which is our major support.
With the help of just two parameters: period and multiplier, this indicator works really well. At period value 20 and multiplier value 2, it shows the continuous trend if it’s bullish or bearish. As shown in the chart, it’s bearish.
As we can see in the chart, the blue line or MACD line has crossed the signal line from above while making a bearish crossover. This indicates a bearish trend signal. On the day of writing, the MACD line and the signal line are on the negative side of the MACD indicator. This highlights that the trend may continue downward.
The price is going down on the 1D chart. It is below the 200 EMA(exponential moving average), which is a hard line to cross. The sellers are stronger than the buyers. To change the direction, the price has to go up and stay above the 200 EMA.
The JOE coin price is trading at the lower band of the Bollinger Band indicator after failing to surpass the upper band. After facing rejection from the 20-day Simple Moving Average (SMA) of the Bollinger Bands, it is indicating more downward move.
As per the price action, The JOE coin price is bearish. As of now, the technical parameters indicate bearish pressure in the upcoming trading days. Presently, the sentiments of investors and traders are bearish.
- The Nearest Support Zone is $0.1845.
- The Nearest Resistance Zone is $0.4736.
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.