Jito Cryptocurrency is on the Rise

Cryptocurrency Jito (JTO) has been showing an upward trend since January, retracing back to a significant point in December, indicating bulls’ desire to move towards higher targets. The possible movements and levels to be followed by JTO have become a matter of curiosity. JTO’s Potential Explosive Movement Jito formed a bottom between December 9th and March 16th, with its movements during this period indicating a “cup and handle” bullish pattern. If the trend line that connects the top point of the cup with the top point of the handle is broken, a 56% increase could lead to a level of $6. The realization of this movement depends on the breach of the psychological levels of $4 and $5 and the breakthrough of critical resistances. If these resistances are broken, JTO could embark on a journey towards the $6 level. Awaiting Confirmation of the Cup and Handle Formation Although the price […]

Jito Cryptocurrency is on the Rise

Cryptocurrency Jito (JTO) has been showing an upward trend since January, retracing back to a significant point in December, indicating bulls’ desire to move towards higher targets. The possible movements and levels to be followed by JTO have become a matter of curiosity.

JTO’s Potential Explosive Movement

Jito formed a bottom between December 9th and March 16th, with its movements during this period indicating a “cup and handle” bullish pattern. If the trend line that connects the top point of the cup with the top point of the handle is broken, a 56% increase could lead to a level of $6.

The realization of this movement depends on the breach of the psychological levels of $4 and $5 and the breakthrough of critical resistances. If these resistances are broken, JTO could embark on a journey towards the $6 level.

Awaiting Confirmation of the Cup and Handle Formation

Although the price outlook for Jito seems logical, confirmation of the “cup and handle” formation has not yet occurred. For JTO to continue its upward trend, it needs to surpass the breaking level of $3.86.

If Bitcoin makes a correction, the JTO price could drop further. Particularly, if a close below the $2.85 support level occurs, a 17% decline and a new bottom could be formed. On the other hand, if Bitcoin moves towards $75,000, it seems possible for JTO to move towards a critical level.

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