Jito Price Action Approaches the $4.00 Threshold 

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RESULTS

While the Jito token has traded at significant heights above the $4.00 threshold, the market fell below the mentioned price level around mid-last month. Ever since, the price of the token has been fluctuating between $2.50 as support and $4.00 as resistance. Price activity in the market is approaching that resistance. What are the chances of price action breaking this mark?

JTO Statistics:
Current JTO Value: $3.63
Jito Market Cap: $446,665,442
Jito Circulating Supply: 121,319,853
JTO Total Supply: 1,000,000,000
Jito CoinMarketCap Rank: 146

Key Price Levels:
Resistance: $4.00, $5.00, and $6.00
Support: $3.00, $2.00, and $1.00

JTO Stands a Chance Against Headwinds

Price action in the Jito market seems to have retaken the challenge of trying to break a long-term resistance at the $4.00 mark.  can be seen taking a bullish stand above the middle limit of the Bollinger Bands.

The current session has appeared as a green price candle with a short upper shadow. Nevertheless, it has pushed the market further upward. At the same time, the Stochastic Relative Strength Index (SRSI) lines can be seen maintaining a healthy upside trajectory. With the lines of the indicator now above the 80 and 60 levels, one can assume that the uptrend has a good chance of further extension.

Jito Bulls Seem to Be Getting Refreshed

While the JTO market maintains an upside trajectory even in the 4-hour market, we can see that the upside shadow mentioned earlier persists in the last price candle on this chart. Likewise, trading activities are still happening above the middle band of the Bollinger indicator. This suggests that the market is consistent with keeping the $4.00 mark as a target.

Meanwhile, the SRSI lines have already converged for an upside crossover above the 50 marks of the indicator. Consequently, this reveals that the upside momentum may receive a boost from a more bullish impetus emerging from the SRSI indicator. Therefore, traders can still utilize crypto signals with targets around the $4.00 mark at this point.

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