Decoding Price Behavior Of Jito (JTO) On Daily Chart!
At the beginning of the year 2024, the crypto surged more than 250% on the daily chart.
The price flew from $1.5 to $5.33, but it was submitted to profit bookers, who drove the assets price lower to $2.54 by mid-April 2024.
The price attempted once again to rise, but at $4.75, the bearishness shattered the $2.5 support and dropped to $1.5 by July 5th.
Thereon, the price displayed a bullish spell in resonance with the broader market. The price displayed gains of more than 90% in the past three weeks span.
As of writing, the indicators are bullish, and the 50-day EMA has pushed the growth of the asset. MACD has displayed an ongoing surge in process, where the histogram has grown at 0.0955. The RSI flashed at 64.11, and it was above the median line and 14-SMA.
The overall price structure highlights bullishness and the nearest targets are $3.83 and $4.75, respectively. On the contrary, the supports are at $2.44, and !.50, respectively.
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