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The Jito price surged 18% in the past 24 hours to trade at $2.34 as of 1:15 a.m. EST alongside a 462% increase in trading volume to $173 million.
The increase in the JTO price has put the crypto at the number 1 spot on CoinMarketCap’s list of biggest gainers.
Jito Price Breakout Signals A Continued Uptrend
The JTO price has just confirmed a bullish breakout from a falling wedge pattern.
The falling wedge began to form after the Jito price peaked at around $4.16, continuously making lower highs and lower lows.
This breakout has been accompanied by a strong bullish candle, indicating momentum is shifting upward.
Furthermore, the breakout occurred just above the 0.618 Fibonacci retracement level at $2.34, a critical pivot point.
The current price of $2.35 has re-entered a previous trading range, suggesting the potential for a trend reversal or at least a medium-term recovery, as GeckoTerminal data shows.
Meanwhile, the 50 Simple Moving Average (SMA) on the 3-day chart, currently at $2.19, has just been surpassed by the JTO price, a positive sign indicating that short-term momentum is gaining strength.
The Relative Strength Index (RSI) is currently at 57.86, trending upward but still comfortably below overbought territory.
This suggests that buying pressure is increasing, but the asset has room to run before potentially becoming overbought.
Moreover, the Moving Average Convergence Divergence (MACD) indicator has turned bullish. The MACD line (blue) has crossed above the signal line (orange) and entered positive territory, confirming a shift in momentum to the upside.
JTO Price Hints At A 79% Surge
JTO price is likely poised for a bullish move toward the $3.47–$4.16 range. This aligns with the 0.382 and 0.236 Fibonacci retracement levels, respectively.
If the Jito price momentum sustains and volume increases, the full wedge breakout target around $4.20 (a nearly 79% potential move) could be reached.
On the downside, a fall back below the $2.34–$2.19 zone would invalidate this bullish setup and likely lead to a retest of support, providing a cushion against downward pressure at $1.55.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT).
According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Smashes Past $1 Million – Buy And Stake For A 295% APY
Snorter Token, featuring a quirky aardvark mascot, is a Solana-based Telegram trading bot that has raised over $1.02 million since its presale launch.
As interest around crypto trading grows in Telegram communities, Snorter Token offers a purpose-built Solana trading bot designed to help users discover early-stage coins and execute trades within seconds.
Unlike browser-based tools, Snorter runs directly within Telegram, enabling users to perform sub-second swaps, automate sniping, and track portfolios in real-time.
If it’s on the chart, it’s on the menu. pic.twitter.com/TR3bHUk4aE
— Snorter (@SnorterToken) June 15, 2025
It stands out from bots like BONKbot or Maestro by offering lower fees (just 0.85% for SNORT holders), while protecting users with advanced honeypot and rugpull detection.
In addition to its trading features, annual staking rewards currently sit at 295%, which decreases as more investors join.
You can purchase tokens at a discounted price of $0.0955 using SOL, ETH, BNB, or a bank card directly on the official website.
Interested investors should consider buying before the next scheduled price increase, which is approximately 3 days away.
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