Jito (JTO) Is Experiencing a Bullish Cycle

The Jito token appeared on the crypto top gainers list yesterday. Today, the token has made another appearance after consistently generating profits. At the time of writing, it has seen an impressive price increase of 6.55%. At this point, the market is eyeing another psychological level at the $5.00 mark, and it looks likely it will reach there.

JTO Statistics:
Current JTO Value: $4.54
Jito Market Cap: $564,552,164
JTO Circulating Supply: 121,625,409
Jito Total Supply: 1,000,000,000
JTO CoinMarketCap Rank: 124

Key Price Levels:
Resistance: $5.00, $6.00, and $7.00
Support: $4.00, $3.00, and $2.00.

Jito Bulls Are Extending Their Rampage

As earlier mentioned, price action in the JTO market has continued on its upward track. The token has maintained an impressive run since yesterday, during which the market was able to break the technical level at the $4.00 mark. The price candle corresponding to the current session now stands clearly above all the Guppy Multiple Moving Average lines.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines have continued to trend upwards above the equilibrium level of the indicator. Also, the bar of the MACD remains solid green, indicating that the momentum is intact. This suggests that traders may still want to use crypto signals targeting higher price levels in this market.

Upside Forces in the JTO Market Keep it Largely Afloat

When moving the Jito price analysis to a 4-hour market, it can be seen that this market is maintaining an upward trajectory. However, the current session seems to have introduced some minor downward corrections. Even this mentioned downward correction is far above all the GMMA indicator lines.

Additionally, the prevalent trend in this market suggests that upside forces are in charge. Furthermore, the MACD lines remain above the equilibrium level, while the base of the indicator is still solid green. Therefore, it is safe to say that the market may soon hit the $5.00 mark.

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