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The Jito token, recently launched, has been able to continue rising smoothly upward. As of today, the token’s price has further increased by 9.92%. Let’s take a more critical look at this token’s price action.
Jito Statistics:
Current JTO Value: $3.362
Jito Market Cap: $382,217,031
JTO Circulating Supply: 117,197,247
JTO Total Supply: 1,000,000,000
Jito CoinMarketCap Rank: 197
Key Price Levels:
Resistance: $3.362, $3.500, and $3.800
Support: $3.300, $3.000, and $2.500
JTO Bulls Eye the $3.500 Resistance Level
Today’s trading activity in the Jito daily market witnessed a moderate price increase. Since the previous session, price action could be seen rising through the Fibonacci Retracement level of 38.20. Today’s activity has brought further price increases as the market now eyes the next Fibonacci Retracement level.
In addition, price activity stands above the Guppy Multiple Moving Average (GMMA) lines. Furthermore, the Moving Average Convergence Divergence (MACD) indicator lines are now coming closer to each other, suggesting that a bullish crossover is on the way. Eventually, this will supply more momentum to the market, pushing it further upwards.
Jito Market Is Consistent With A Positive Outlook
The JTO 4-hour market has continued to trend steadily upward. Here, it can be seen that the bullish momentum seems to have strengthened during the past two sessions. The previous session and the ongoing session have continued the trend in a moderate manner. Consequently, price action remains above the GMMA lines.
Meanwhile, price action continues to rise towards the 23.60 Fibonacci Retracement level, and the MACD lines have continued rising steadily upwards after crossing the equilibrium level. Also, the bars are indicating that the upside momentum in this market seems strong at this point. Going by this, traders can still use crypto signals with targets near the $3.550 mark in this market.
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