Jito (JTO), located in the Solana ecosystem, started the weekend fast with a 25% increase. Cryptocurrencies fell following last week’s Bitcoin Spot ETF controversy.
Cryptocurrencies such as Aptos (APT), Arbitrum (ARB), Mina (MINA) and Solana (SOL) started the weekend with a decline.
Many cryptocurrencies were weak over the weekend, but JTO broke out. JTO is up 25% on the day. Gaining popularity during the Solana boom, JTO rose from $1.50 to $1.85 in a short time.
Jito (JTO) Yükselişe Mi Geçti?
Jito (JTO), which was launched with great expectations on December 7, 2023, made its debut a month later, exactly as expected. JTO, located in the Solana ecosystem, recorded a 25% increase during the day.
Jito, which debuted in December when Solana attracted great attention and made a lot of noise with its airdrop, is interpreted as the new Celestia (TIA) by many crypto investors. The Solana ecosystem DeFi project entered the market at $4.5 but has since dropped to $1.5. JTO, where bullish expectations increase as the price drops, is approaching a breakout before a big breakout.
The price is above $1.85 on the JTO chart, which represents a major breakout point. After falling to $1.50, JTO regained support at $1.53 and made a significant rise. From this support point, JTO gained momentum and briefly touched the resistance at $1.85. If JTO breaks through the resistance level at 1.85 and remains intact, it could rise to $2.22. Beyond this zone, JTO price may rise to $2.87. If the bulls reach the $2.87 target, which indicates a significant upside, the next resistance point could be $3.25.
On the other hand, JTO could decline if it fails to clear the $1.85 resistance level. If JTO is rejected by the 1.85 resistance level, it could drop to $1.60. If JTO cannot recover from this region, it may retreat to 1.53 support.
