UPDATE MARKET $JTO
JTO (one of the tokens in the ecosystem $SOL ) has experienced a significant increase of about +16.89% and is currently trading at $2.291 after briefly reaching a daily peak of $2.358. This continues the recovery trend that has been observed since the rebound from the $1.79 area a few days ago.
From a technical perspective, all major EMAs (13, 21, and 99) have formed a bullish structure with a healthy order — EMA(13) above EMA(21), and both are now curving upwards away from EMA(99). RSI(6) is currently at the 71.56 zone, approaching the overbought level, indicating that short-term euphoria is quite high.
Conditions like this often indicate that the market is being driven by momentum, and could potentially continue rising, as long as there is no significant volume correction or large profit-taking in the near future.
If $JTO can maintain the dynamic support level in the range of $2.18–$2.20 (EMA13 area), then the potential short-term target is in the $2.45 to $2.60 area. However, if it fails to hold and the price falls back below $2.15, then a correction towards the previous consolidation area around $2.00 is very likely to occur.
📌 Disclaimer: Not Promotion & Not Financial Advice
