Jito Price Prediction for Today, July 26 – JTO Technical Analysis

On Jul 26, 2024

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The Jito price prediction reveals that JTO may break out of the current short-term pattern and move toward the $3.50 level.

Jito Prediction Statistics Data:

Jito price now – $3.04
Jito market cap – $379.1 million
Jito circulating supply – 123.8 million
Jito total supply – 1 billion
Jito Coinmarketcap ranking – #147

When evaluating crypto projects, it’s often recommended to get in as early as possible. By doing so, you can take advantage of significant price increases over time. For example, consider the token you’re looking at. Since its all-time low of $1.43 on January 8, 2024, the price has surged by an impressive 113.93%. Even more recently, within the past 24 hours, Jito has shown a range of $2.58 to $3.12, highlighting its potential for substantial gains. The all-time high for this token was $5.28 on April 3, 2024, though it has since decreased by 42.02%. This historical performance underscores the importance of early investment in promising crypto projects.

JTO/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $4.00, $4.20, $4.40

Support Levels: $1.80, $1.60, $1.40

Jito Price Prediction for Today, July 26 – JTO Technical Analysis

JTOUSD – Daily Chart

According to the daily chart, JTO/USD is positioned at a relatively low area in the market, with strong support between $2.55 and $2.62. This support zone has been holding firm, both technically and psychologically, providing a stable foundation for potential upward movement.

Jito Price Prediction: JTO May Break Higher

Jito is a significant player within the Solana network, performing well overall. As the largest decentralized application on Solana, Jito benefits from the network’s bullish performance, including a recent breakout and strong performance within the market. This highlights the importance of monitoring the Solana ecosystem, with Jito being a standout component. However, Jito (JTO) may reclaim the previous resistance level of $3.12 to continue the upward movement. If successful, JTO/USD could aim at the resistance levels of $4.00, $4.20, and $4.40 respectively.

Despite recent price stagnation, JTO/USD has shown bullish trends since mid-June, paralleling Solana’s outperformance. However, it failed to maintain a breakout at $3.00, experiencing bearish trends in line with the market. Meanwhile, Jito touches the support level at $2.62, while the buyers show some positive signs, the market’s direction may impact Jito’s future movements. In other words, if the coin slides to the south, the support levels of $1.80, $1.60, and $1.40 may play out.

JTO/USD Medium-term Trend: Bullish (4H Chart)

On the 4-hour chart, the 9-day moving average is hovering above the 21-day moving average as this may confirm the bullish movement for JTO/USD. Meanwhile, adding to this, there is a little bit of bullish divergence as the coin remains above the moving averages to continue the bullish movement.

However, if the Jito price breaks toward the lower boundary of the channel, the market price could reach support at $2.65 and below. Meanwhile, if the current market value rises and crosses above the upper boundary of the channel, the Jito price could hit the potential resistance level of $3.50 and above.

Nevertheless, @petercarter reassured his followers on X (formerly Twitter) that they’re experiencing a minor pullback following a larger upward move. He noted that the price has bounced off the new support level at $2.57, and as long as this support holds, he anticipates a move back up to the next resistance level before continuing upward. However, if the support level is lost, he expects a bounce off $2.45 before resuming the upward trajectory.

$JTO #JTO
1hr chart
We’re just having a small pullback after that bigger move up, we’ve just bounce off that new support at 2.57 and as long as this holds then I expect us to head back up to that next resistance before the continuation up..
If we lose support then I expect a… pic.twitter.com/9ThqYwr57W
— Peter Carter (@petercarter) July 25, 2024

Jito Alternatives

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