Jito (JTO) has just recorded an impressive increase after being added to the Strategic Reserve Fund of the Solana ecosystem, creating a new wave in the cryptocurrency market. This event has stimulated capital flow from both the spot and derivatives markets into JTO, signaling the potential for a price increase trend to explode. The following article will analyze in detail the reasons behind JTO's price increase, from Solana's strategic investment to key technical indicators, helping investors gain a deep understanding and updates on the latest trends of this cryptocurrency, thereby making effective and safe trading decisions.
JTO surged strongly thanks to news of its addition to the Solana Strategic Reserve Fund.
The information that JTO has been included in the Strategic Ecosystem Reserve Fund of Solana has created an important turning point in the value of this token. The SER fund is a funding program aimed at supporting projects that align with Solana's sustainable development vision. According to the official update, SER has purchased 52,180 JTO tokens worth approximately 100,000 USD from the market, demonstrating the fund's strong belief in JTO's potential.
This action not only helps strengthen investor confidence but also stimulates buying and selling momentum across multiple exchanges, contributing to the rapid recovery and growth of JTO's price.
Accumulation trend of JTO in the spot and derivatives markets.
Spot market analysis shows that investors have ramped up their purchases of JTO, with a total accumulated value of approximately 245,000 USD – double the amount of tokens purchased by the SER fund. This move has strengthened liquidity and pushed the trading volume in the past 24 hours to 276 million USD, an increase of over 300% compared to normal.
At the same time, the JTO derivatives market also witnessed a strong increase in liquidity. The Open Interest (OI) level reached 81.7 million USD, nearly hitting the historical high recorded in November 2024 at 84.1 million USD. This is a sign that capital flow and attention from professional investors are pouring into JTO, laying the groundwork for a potential high-risk sustainable bullish wave.
Technical analysis of JTO and breakout trend forecasting.
In addition to fundamental factors, technical indicators are also supporting the short-term bullish outlook for JTO. In particular, the MACD indicator is close to forming a Golden Cross pattern as the MACD line crosses above the signal line, a previous signal that often indicates the beginning of a strong upward trend.
Additionally, JTO's Bull Bear Power index has risen to 0.286, reflecting a clear dominance of buying pressure in the market. If this buying force is maintained, JTO is likely to continue breaking out and surpassing previous high price levels. Investors should closely monitor the next chart bars to better assess the price trend.
Summary and advice for investors interested in JTO.
The increase in JTO's price in recent days is not only due to financial support from Solana but also bolstered by significant liquidity in both the spot and derivatives markets. Combined with positive technical analysis patterns, JTO has a high chance of experiencing the next price surge. However, investors should be cautious about managing risks appropriately and closely monitor market fluctuations to make the most of the opportunities this token presents.
For the highly volatile cryptocurrency market, updating transparent information and in-depth analysis is a key factor that helps investors maintain a competitive edge as well as optimize their investment portfolio.
Source: https://tintucbitcoin.com/jito-tang-12-solana-ho-tro-but-pha/
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