🚀 Analysis and forecast for $JTO : time to go out? 📈
$JTO (Jito) is trading at $1.98 on Binance as of May 20, 2025, 19:43 EEST, up 7% in the last 24 hours. Trading volume has reached $242.24M, with a market cap of around $293.54M, reflecting increased interest in the token amid activity in the Solana ecosystem. The increase may be due to recent news or speculation.
Technically, $JTO is showing strength. On the 4-hour chart, the price has broken the resistance at $1.96 and is trading above the 50-day moving average ($1.85), which acts as support. The RSI (14) at 58 points to a neutral zone with a slight bullish bias, but the proximity to overbought conditions requires caution. Key levels: support at $1.85, resistance at $2.10. A break of $2.10 could push the price towards $2.30, while a decline below $1.85 would increase pressure towards $1.70.
Forecast: In the short term (until the end of May), JTO may reach $2.10–$2.30 if volumes remain the same, but a correction to $1.85 is likely. By July 2025, with positive news (e.g. partnerships), the price may rise to $3.00. The long-term target for 2026 is $6.00 if the project continues to grow in the DeFi segment.
Time to exit? After a 7% gain and the current price of $1.98, some profit-taking is justified, especially considering the approach to the resistance of $2.10. Set a stop-loss at $1.80 for protection. For long-term investors, holding with a target of $2.30-$3.00 is possible, but keep an eye on the RSI and the news. Activity on Binance and the market sentiment indicate potential, but a correction is inevitable! #jto #Binance #CryptoAnalysis
