Jito (JTO) Price Prediction 2024: Will JTO Reclaim the $3.00 Resistance Level?

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

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

Key Takeaways:

After rising by over 113% from its all-time low, JTO may continue its uptrend.

The support at $2.55 to $2.62 has been holding up JTO from further declines.

If the support level holds, JTO may attempt to reclaim the previous resistance at $3.12.

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

The daily chart shows that JTO/USD is trading at a relatively low area in the market, with strong support between $2.55 and $2.62. This support zone has been holding both technically and psychologically, providing a solid base for potential upward movement.

Jito Price Prediction: JTO May Break Higher

Being the largest decentralized application on Solana, Jito is performing well overall as the network is bullish, breaking out and performing strongly in the market. This highlights the importance of monitoring the Solana ecosystem, with Jito being a prominent 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, as 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 come into play.

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 slight 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

At the time of writing, Jito (JTO) is experiencing a 15.96% gain while attempting to break above its trading channel’s upper boundary, although a potential price decline is suggested by current candle formations. With a market cap of $379.1 million, Jito has a strong market presence. Meanwhile, PlayDoge, a play-to-earn game, has raised $5.86 million in its pre-sale, reflecting strong investor confidence. It allows participation using Ethereum (ETH), USD, credit cards, or Binance Coin (BNB) and incorporates 90s nostalgia with 2D retro game elements and Tamagotchi-like gameplay.

PLAYDOGE: ONE OF THE NEW PROJECTS THAT WILL GO TO 100X

PlayDoge combines 90s nostalgia with 2D retro game elements and Tamagotchi-like gameplay,

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