- JTO’s bullish surge reached an intra-day high of $3.66, signaling optimism in the market.
- Bullish momentum remains strong, with JTO trading at $3.11, a 2.92% increase from the intraday low.
- RSI indicates balanced market sentiment, while CMF points to modest buying pressure, hinting at potential price gains for JTO.
In the last 24 hours, bearish momentum in the Jito (JTO) market was strong, with prices sliding from the day’s start of $3.0827 to a low of $2.82 before regaining support. The downward movement of this JTO was principally caused by a drop in buying pressure and an increase in selling volume. However, the market mood has flipped in the last few hours, with bulls surging to an intra-day high of $3.66 before marginally retreating.
Despite the retreat, the market remains cautiously optimistic about JTO’s prospects, with bulls in control as of press time and trading at $3.11, up 2.92% from the intraday low. During the rally, JTO’s market capitalization, according to CoinStats, climbed by 3.38% to $360,023,116, reflecting the increasing investor confidence in the uptrend.
JTO/USD 24-hour price chart (source: CoinStats)
However, the 24-hour tradin…
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