Jito price prediction for today, April 1 – JTO technical analysis

adminApril 1, 2024

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Jito price prediction resumes its upward trend after crossing the critical barrier of $3.17 and reaching a daily high of $3.85.

Jito Price is poised for a dynamic surge.

Zito price formed a round bottom pattern from December 9, 2023 to March 16, 2024. However, retracements observed since mid-March suggest that this pattern is likely to transform into a bullish pattern known as the “cup and handle.” ”

Jito forecast statistical data:

Current Jito price – $3.83
Jito market capitalization – $483.9 million
Zito Circulation Volume – 117.1 million units
Jito total supply – 1 billion
Jito Coinmarketcap Ranking – 170th

JTO/USD Long-Term Trend: Bullish (Daily Chart)

Main level:

Resistance levels: $4.50, $4.70, $4.90

Support levels: $2.50, $2.30, $2.10

Jito price prediction for today, April 1 – JTO technical analysis — JTOUSD – daily chart

JTO/USD looks green today with the price breaking above the low $3.17 to $3.70 resistance levels. However, if the daily closing price breaks above the $3.85 level, the Jito price may continue to rise to $4.0. All eyes are currently focused on the next obstacle above the upper border of the channel. This is because continued price increases can encourage more buyers to participate in the market as bulls increase their positions.

Jito price prediction: Jito price may rise.

At the time of writing, Jito price is moving slightly from the current price of $3.83 with a strong candle. According to the daily chart, this represents a meaningful increase from the opening price of $3.18. Therefore, it is important to note that the current price movement may exceed the upper boundary of the channel.

Nonetheless, if the market decides to fall below the 9-day and 21-day moving averages, JTO/USD could head towards the lower limit of the channel, and before this barrier is reached, traders may have reached the support level of $2.50 . , $2.30, and $2.10 respectively. Nonetheless, further bullish movement could push the coin towards resistance levels of $4.50, $4.70, and $4.90 with the 9-day moving average crossing above the 21-day moving average, suggesting a more bullish signal.

JTO/USD medium-term trend: Bullish (4H chart)

According to the 4-hour chart, Jito price is hovering above the 9-day and 21-day moving averages with intraday trading bullishly heading towards the upper boundary of the channel to reach the resistance level above $4.30.

However, if buyers fail to continue pushing the market higher, traders can expect a pullback below the $3.50 support level, a break of which could push the price below the moving average and reach a support level below $3.30. Meanwhile, the 9-day moving average is hovering above the 21-day moving average, suggesting a more bullish signal.

On that note, @MTA098 shared insights about $JTO with his followers on X (formerly Twitter), noting the emergence of a cup and handle formation on the chart, indicating potential upside. This pattern suggests that a breakout of the resistance level could trigger an upward move. Remain vigilant and monitor developments closely. 📈📉

$UN : In this chart, we can clearly observe the cup and handle configuration, which looks promising. According to the pattern, a break above the resistance level could trigger an uptrend. Please observe this carefully.📈📉#jtousdt #jito #Cryptocurrency trading #Cryptocurrency market #Binance #btc pic.twitter.com/I4kCFeo3Sn
— MTA Trading (@MTA098) March 31, 2024

Zito’s alternative

As of this writing, Jito price is trending upward and is showing a 20% increase as it approaches the upper limit of the trading channel. However, the current candle formation suggests a potential downward movement and indicates a possible decline in prices. With a market capitalization of $483.9 million, Jito (JTO) has solidified its position in the market. Conversely, $BTCMTX, currently in its pre-sale phase, has raised an impressive over $12.8 million, signaling significant growth prospects. Investors are encouraged to carefully consider the unique advantages of $BTCMTX compared to Jito’s established reputation when navigating this dynamic market.

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