Jito (JTO) Rebounds from Its Significant All-Time Low

The Jito token has seen its price grow by 7.98% today. However, this gain seems quite modest considering that the market has been on a strong downtrend for a while. As such, the market still has a long way to recover.

JTO Statistics

Current Price: $0.768

Market Capitalization: $297.23M

Circulating Supply: 400.22M

Total Supply: 999.99M

CoinMarketCap Rank: 145

Key Levels

Resistance: $1.000, $1.500, $2.000

Support: $0.700, $0.500, $0.300

JTO Eyes Only Short-Term Gains at the Moment

The Jito token has recorded notable price increases today. However, price action remains under significant bearish sentiment. The corresponding price candle for the current session is green but still lies below the 9-day Exponential Moving Average (EMA) curve.

Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are trending upward following an upside crossover above the 50 mark, suggesting that the market may still advance further. Nevertheless, traders are advised to remain cautious about setting higher targets.

Jito Bulls Keep Thrusting

The JTO market on the 4-hour price chart highlights ongoing bullish activity. The last three price candles are green, and the latest candle has pushed the token to trade above the 9-day EMA curve.

Similarly, the SRSI indicator lines are moving strongly upward but remain below the 50 mark, indicating that bullish forces still have a notable fighting chance.

Therefore, while traders should remain cautious, a target around the $0.850 price level appears reasonable.

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