Damn, JCT just dropped so hard even mom wouldn't recognize it!

Brothers, looking at this chart, I’m truly impressed. JCTUSDT dropped 32% in 24 hours, crashing from a high of 0.006742 down to the current 0.004455, like taking a laxative.
It touched a low of 0.004289, just one breath away from breaking below the MA25 (0.004274), so it’s temporarily hanging on.
First, why did it fall so badly?
Trading volume is 3.3 billion, but the turnover is only over 17 million U, with an average of less than 0.005 U per coin, clearly panic selling without thinking.
MA7 (0.005451) has already been broken through, and the price is now below all short-term moving averages, the bears are motherfucking dominant.
But note, MA25 and MA99 are still supporting from below, especially MA99 at only 0.003272, indicating the larger cycle isn’t completely dead yet.
This brutal sell-off is probably a shakeout by the whales.
What’s the direction?
Don’t rush to buy the dip in the short term!
The price is close to MA25; if it can’t hold and breaks below 0.00427, the next target is directly 0.0038.
But if you’re stubborn and betting on a rebound, wait until volume increases and it stabilizes above 0.0046 before considering, aiming for 0.0051 first.
Personally, I think—
The bears aren’t done yet.
With this kind of shitty dump, at least wait for a second retest.
If you have positions, a rebound is a good chance to exit.
If you don’t, grab a small stool and watch the show, don’t be reckless. #我的Gate交易时刻