The Jito price prediction restarts the uptrend after crossing above the critical barrier of $3.17 to touch the daily high of $3.85.

Jito Price Gears Up for a Dynamic Surge

The Jito price has formed a rounded bottom pattern spanning from December 9, 2023, to March 16, 2024. However, the retracement observed since mid-March suggests a potential transformation of this pattern into a bullish formation known as a “cup and handle.”

Jito Prediction Statistics Data:

• Jito price now – $3.83
• Jito market cap – $483.9 million
• Jito circulating supply – 117.1 million
• Jito total supply – 1 billion
• Jito Coinmarketcap ranking – #170

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

Key levels:

Resistance Levels: $4.50, $4.70, $4.90

Support Levels: $2.50, $2.30, $2.10

JTO/USD looks green today as the price hovers above the resistance level of $3.70 from the low of $3.17. However, a daily close above the $3.85 level can continue to increase the Jito price to $4.0. At the moment, all eyes focus on the next hurdle above the upper boundary of the channel as a consistent price increase may encourage more buyers to join the market if bulls increase their positions.

Jito Price Prediction: Jito Price May Jump to the Upside

At the time of writing, the Jito price is moving slightly at its current price of $3.83 with a strong bullish candle. According to the daily chart, this marks a meaningful climb from the opening price of $3.18 level; therefore, it is important to note that the current price movement may break above the upper boundary of the channel.

Nevertheless, if the market decides to fall below the 9-day and 21-day moving averages, the JTO/USD could go toward the lower boundary of the channel, and before getting to this barrier, traders could have hit the support levels at $2.50, $2.30, and $2.10 respectively. All the same, any further bullish movement may push the coin to the resistance level of $4.50, $4.70, and $4.90 as the 9-day MA moves to cross above the 21-day MA, suggesting more bullish signals.

JTO/USD Medium-term Trend: Bullish (4H Chart)

According to the 4-hour chart, the Jito price is hovering above the 9-day and 21-day moving averages as the intraday trading looks bullish facing the upper boundary of the channel to hit the resistance level of $4.30 and above.

However, if the buyers fail to keep pushing the market upward, traders can expect a retreat below the support level of $3.50, and breaking this level may further bring the price below the moving averages to reach the support level of $3.30 and below. Meanwhile, the 9-day MA is hovering above the 21-day MA, suggesting more bullish signals.

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 promise. The pattern suggests that a breakthrough in the resistance level could trigger an upward movement. Stay vigilant and monitor closely for developments. 📈📉

$JTO : We can clearly observe a cup and handle formation on this chart, which looks promising. According to the pattern, a breach of the resistance level might initiate the upward movement. Keep a close watch on this.📈📉#jtousdt #jito #cryptotrading #cryptomarket #Binance #btc pic.twitter.com/I4kCFeo3Sn

— MTA Trading (@MTA098) March 31, 2024

Alternatives to Jito

At the time of writing, the Jito price is experiencing an upward trend, showing a 20% gain while approaching the upper boundary of its trading channel. However, current candle formations suggest a potential downward shift, indicating a possible price decline. With a market cap of $483.9 million, Jito (JTO) has solidified its position in the market. Conversely, $BTCMTX, currently in its presale phase, has impressively raised over $12.8 million, signaling substantial growth prospects. Investors are advised to carefully consider the unique advantages of $BTCMTX compared to the established reputation of Jito when navigating this dynamic market.

Bitcoin Minetrix Nets $12.5 Million! Is it the Next 20x Crypto Sensation?

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BTCMTX has raised over $12.8 million, signaling an opportune moment for investors to engage with this promising token. With strong investor confidence and significant growth potential, joining the BTCMTX community now positions investors for substantial returns and participation in a thriving ecosystem set for success. Don’t miss this chance to invest in BTCMTX and pave the way towards financial prosperity.

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• Source: https://insidebitcoins.com/news/jito-price-prediction-for-today-april-1-jto-technical-analysis