Geto (JTO) shares rose 11.13% during the day, hitting a high of $2.16, supported by strong buying interest.

Geto faces a key resistance level at $2.20, with a support level near $1.90.

Geto (JTO) recorded a sharp increase of 11.13% during the day, reaching $2.15, after hitting a session high of $2.16. This rise coincided with a notable 188.74% jump in trading volume over the past 24 hours, now reaching $59.29 million.

As of this writing, Geto ranks 84th by market capitalization, with a market cap of $719.17 million. Its market cap ratio is 8.25%, indicating good liquidity relative to its market cap. Despite this rise, Geto is still trading well below its fully diluted market cap (FDV) of $2.1 billion, signaling significant risks ahead.

The current circulating supply is 341.96 million JTO.

, with a total supply of nearly one billion. The absence of a specified supply cap raises concerns about long-term inflation. However, today's breakout indicates renewed upward momentum, at least in the near term.

Will JTO maintain its breakout, or will it face rejection?

Technically, JTO has rebounded from its recent low and broke through a secondary resistance with a strong upward momentum. If the price holds at $2.20, it may test the next barrier around $2.35.

Conversely, failure to hold above the $2.00 level may open the door for a potential price drop towards the support level of $1.90. Price movement appears driven by increased demand, as evidenced by the recent long-bodied green candle and expanding trading volume bars.

On the momentum front, the Relative Strength Index (RSI) rose to 55.03, while its average hovers just below 54.02. This slight bullish divergence indicates renewed strength. Both metrics are above the neutral level of 50, suggesting a continued upward bias. If the RSI accelerates past the 60 level, it could confirm the continuation of the bullish cycle.

At the same time, the Chaikin Money Flow (CMF) index remains slightly negative at -0.06, indicating continued outflows. Despite its slight improvement, the CMF must turn positive to fully confirm buying pressure. This divergence between price and volume indicators calls for caution despite the bullish surface.

Additionally, moving average crossovers provide mixed signals. The short-term moving average recently crossed above the medium-term average, which can be interpreted as a potential bullish catalyst.

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