Jito (JTO) Continues to See More Price Increases

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RESULTS

The Jito token has started the day on the right foot, as the token price continued to increase. Although the price increase is still minimal, the behavior of price action suggests that more gains can still be recorded. Let’s delve deeper to find out how things may proceed in the market.

Jito Statistics:
Current JTO Value: $3.25
JTO Market Cap: $383,803,132
Jito Circulating Supply: 117,197,247
Jito Total Supply: 1,000,000,000
JTO CoinMarketCap Rank: 165

Key Price Levels:
Resistance: $3.50, $4.00, and $4.50
Support: $3.00, $2.50, and $2.00

Jito Bulls Are Marching Higher

Price activity in the JTO daily market during the past two trading days saw a significant surge off the $2.50 mark. Yesterday’s session was another strong continuation of the rebound, and today’s trading has started on the same path as price activity continues to cross the Guppy Multiple Moving Average (GMMA) curves.

The last price candle is hammer-shaped and has pushed the count past more crossing GMMA lines. Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are rising upwards following the last crossover in the oversold region.

JTO May Extend Upside Correction towards the $3.50 Mark

The Jito 4-hour market has continued to make upside advances. The token on the price chart now trades above the crossed GMMA lines. Furthermore, the ongoing session shows that buyers are still considerably viable. The SRSI indicator lines are still in the overbought region and continue to trend sideways.

Although the lines are merged, they have not delivered a crossover, which would have signaled a reversal. Yet, the behavior of these lines at the 86 mark of the SRSI indicator doesn’t strongly indicate that the market will continue strongly upwards. Nevertheless, traders can still anticipate that the market may approach the $3.50 mark using bullish crypto signals.

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