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The Jito token stands as the second most profitable token on today’s daily crypto top movers list. The market has registered a price increase of over 13.87% as of the time of writing. Indicators in this market still suggest that price action may continue higher in subsequent sessions.
JTO Statistics
Current Price: $2.19
Market Capitalization: $772.47M
Circulating Supply: 341.96M
Total Supply: 1B
CoinMarketCap Rank: 83
Key Price Levels
Resistance: $2.50, $3.00, $3.50
Support: $2.00, $1.50, $1.00
JTO Price Surge Stays Promising
On the Jito daily chart, it is evident that this token has witnessed considerable buying activity. This has caused the price to surge through a resistance level at $2.00 and now trade above that psychological mark as of the time of writing. Consequently, from a technical point of view, price action remains positioned for further advances.
The last price candle on the chart is a long green candle and places the current price above the 9-day Exponential Moving Average (EMA) line. At the same time, the Moving Average Convergence Divergence (MACD) lines are now bent toward an upward crossover above the equilibrium level. Technically, these are signs that price action may continue to rise.
Jito Bulls Test the $2.00 Price Level
The price candle corresponding to the ongoing session on the JTO 4-hour chart has tested but pulled back from the resistance level at the $2.00 price mark. Nevertheless, the session still appears strong, judging by the size and body of the last price candle on this chart.
Additionally, this is occurring above the 9-day EMA line, which supports the potential for further upward retracement. The MACD indicator lines are also rising from below the equilibrium level, with the lead line now crossing above it. Meanwhile, the histogram bars remain solid green above the equilibrium level.At this point, the market seems poised to advance toward the $2.50 price level shortly.
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