Jito Crosses This Key Level – Will JTO Reach $4.6 in the Future

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• JTO’s trading volume has surged by 76.01% after breaking through the critical resistance at $2.90 within its falling wedge pattern.
• Analysts anticipate that JTO’s bullish momentum could extend past $3.50, aiming for significant resistance at $4.60.

The price of Jito [JTO], the liquid staking protocol on the Solana network [SOL], has dramatically increased due to a continuous rise in network activity.

As of now, JTO is valued at $3.02, reflecting a price increase of 14.4% in the previous 24 hours, according to data from CoinGecko.

The coin had been moving within a falling wedge pattern for three months before it regained bullish momentum above the important resistance level at $2.90.

A look at technical indicators

JTO was consolidating within a falling wedge pattern on its daily chart, hinting at bearish momentum since November 2024.

The asset has consistently made lower highs while testing upper resistance until it experienced a bullish breakout above the key level of $2.90 in the last day.

<.span>A crypto analyst named Solberg Invest shared these predictions on X (formerly Twitter), indicating that surpassing the $2.90 resistance could propel JTO towards hitting the significant level of $4.60.+. .

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