My people! Do you remember Jito [JTO]? That altcoin that has been making waves. Well, it shot up over 12% in the last 24 hours! And if we count the gains for the month, it's already up 30%! 📈 This is heating up, friends.

This sudden surge of JTO came along with interest that grew rapidly, both in the spot market and in derivatives. The reason? A strategic cash injection that came straight from the Solana fund!

Let's unravel this thing to understand what's happening.

JTO joins the Solana Reserve party! 🎉

The price of JTO shot up right after it was included in Solana's Strategic Ecosystem Reserve (SER). This is a fund designed to support projects that align with the Solana ecosystem. It's like an official blessing, my people! 🙏

The official news from Solana stated that the SER bought 52,180 JTO tokens, which translates to about $100,000 from the market! 💸 This move was a tremendous boost and reignited buying interest everywhere. It's like they poured gasoline on JTO's rocket! ⛽

The market is on fire: purchases everywhere! 🔥

At the time of writing this, people buying in the spot market (meaning those who buy and sell the crypto directly) resumed their purchases of JTO after a day of pause! In total, $245,000 has been invested in JTO, more than double what the SER invested! That's how strong the interest is!

The total market volume skyrocketed over 300% in one day, reaching an impressive $276 million! Historically, when the volume rises this strongly along with the price, it's a sign that long rallies are coming! This smells like sustained growth! 🚀

And not only in the spot market, there is also a brutal influx of liquidity in derivatives! According to CoinGlass, JTO's open interest (OI) has risen to $81.7 million, its second-highest level in history! Keep an eye on this data! 👀

The only time JTO's OI was above $80 million was in November 2024, when it reached $84.1 million. And guess what happened then... the price of JTO hit a high of $4.338! So, if the OI remains at these levels, JTO could be looking to reach that previous peak! I'll leave that with you! 😉

Is an explosion coming? The indicators speak! 💥

The technical indicators are giving us clear hints about what could happen with JTO in the short term.

One of them is the MACD (Moving Average Convergence Divergence), which helps us see momentum changes. At the time of writing this, the MACD was about to make a "bullish golden cross." This occurs when the blue MACD line crosses above the orange signal line. Historically, this pattern has been a precursor to large price movements! So, stay alert! 🌟

Additionally, the Bull Bear Power indicator (which tells us whether buyers or sellers are dominating the market) suggests strong bullish activity! In the last 24 hours, buying pressure increased significantly, bringing the Bull Bear Power value to 0.286.

If this bullish pressure continues, it is very likely that JTO will keep rising and extend this rally!

So, my people, the million-dollar question is: does JTO have the strength to break and surpass that historical peak of $4.3? The stage is set for a great show!$SOL $JTO