JOE Traders Set Sights on $0.6 Following Successful Resistance Flip

JOE has recently flipped the $0.3 resistance level into a robust support on its 1-day (1D) chart. For traders and investors, this signals a strong bullish undertone. Flipping a resistance level into support is often seen as a milestone, indicative of a potential trend reversal.

The Next Hurdle: 200-Day Exponential Moving Average (EMA)

JOE isn’t stopping at the $0.3 flip. It has now set its sights on flipping the 200-day Exponential Moving Average (EMA) on the 1D chart. For the uninitiated, the 200-day EMA is a lagging indicator that averages out the price data over the last 200 days. A bullish flip here would confirm the strength of this newfound uptrend and could act as a launchpad for higher price levels.

Should JOE succeed in flipping the 200-day EMA, analysts predict an almost immediate surge towards the $0.5-$0.6 range in the short term. This would signify a roughly 60% to 100% increase from the $0.3 level, providing significant upside potential for early adopters and new entrants alike.

Trade on US-Banned Exchanges With No KYC 🀫

Tired of missing hot new listings because your favorite exchange is banned in the US? πŸ‡ΊπŸ‡Έ

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! πŸ™Œ

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required πŸ™…β€β™‚οΈ
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

It’s worth noting that JOE has been gaining considerable attention recently, partly justified by its impressive price performance. According to CoinMarketCap, the cryptocurrency has seen a remarkable surge in price with a 25% spike, adding credence to the technical indicators that suggest a bullish future. JOE is trading at $0.32 at press time.


In summary, JOE appears to be on the cusp of a pivotal trend reversal. Having flipped the $0.3 resistance into support and aiming to conquer the 200-day EMA next, it’s a coin that traders should keep an eye on for potential short-term gains.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin
Logo