@hardeywumhi
Jito's (JTO) price has surged 14.4% in the last 24 hours, breaking out of a falling wedge pattern and reclaiming a bullish momentum above the $2.90 key resistance level. Here are the key points:
Technical Indicators
1. JTO has broken out of a falling wedge pattern, signaling a bullish momentum.
2. The coin has been making lower highs but has now reclaimed the $2.90 key resistance level.
3. The Relative Strength Index (RSI) value remains slightly above 50, indicating a strong bullish sentiment.
On-Chain and Derivatives Data
1. Trading volume has surged by 76.01% in the last 24 hours.
2. Open Interest in Exchanges has increased by 6.46%.
3. The Long-to-Short ratio is at neutral zone values, indicating renewed interest in JTO.
Key Levels to Watch
1. If JTO holds above $2.90, it could rally upward to the $3.50 key level.
2. A breakout past $3.50 could push JTO to $4.6 in the next few weeks.
3. Failure to maintain above $2.90 could dip the price below the $2.0 and $2.2 key resistance zones.
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