Journalist
Posted:
- The JTO trading volume increases by 76.01% after the level of key resistance level of $ 2.90 on its falling hold model.
- The analyst provides that JTO’s bullish impetus could push over $ 3.5 and target the level of keys to $ 4.6.
Jito (JTO), the liquid implementation protocol on the Solana network (soil), has increased prices after a constant increase in network activity.
To date, JTO was negotiated at $ 3.02, which represents a 14.4% increase in the price in the last 24 hours, according to Coingecko data.
The part has exchanged a downward corner model in the last three months before recovering a bullish momentum over the level of resistance of the keys of $ 2.90.
An overview of technical indicators
JTO consolidated himself in a corner model that falls on his daily table, signaling a lower momentum since November 2024.
The room made lower tops, testing the upper resistance line until the bullish break above the level of resistance of the keys of $ 2.90 in the last 24 hours.
Solberg Invest, a crypto analyst, shared this point of view on X (formerly Twitter), predicting that the break above the level of resistance of $ 2.90 could rally JTO upwards at the level of 4, $ 6.
Source TradingView
Chain and derivative data
Market activity highlighted an increase in JTO demand in the last 24 hours. The negotiation volume jumped 76.01% according to Coringlass data, with a positive capital flow for the first time in several weeks.
The JTO was not, however, exaggerated at the time of the press, because the RSI value remained slightly greater than 50 while the market reported a strong bull feeling.
JTO’s open interest in exchanges jumped 6.46% while the long -standing report was at neutral zone values. The measures suggested a renewal of interest in the JTO because more and more traders have held positions.
Source: Coringlass
Key levels to monitor
If JTO holds the break above the level of resistance of the keys of $ 2.90, it could come together up of the key level of $ 3.50, where a certain profit taking can occur.
An escape from this area of psychological resistance could push the JTO to $ 4.6 in the coming weeks. Not maintaining more than $ 2.90 could lower the price below the key resistance zones by $ 2.0 and $ 2.2.
The break above the level of resistance of the keys of $ 2.90 strengthens the bullish momentum of JTO, while the data on the chain confirm the trend. Investors should look at the key levels to determine their next movements.
