Solana

Bitcoin

Jito

<div class="coinjournal">
 <ul>
 <li>Jito (JTO) price bounced off lows of $2.79 and is eyeing new momentum above $3.</li>
 <li>A potential cup and handle pattern could see bulls target breakout alongside Bitcoin.</li>
 <li>With BTC outlook positive, a rally for JTO could bring a 50% upside from current levels.</li>
 </ul>
 Jito (JTO) is looking to extend gains above $3 after bulls bounced off the support zone on March 29.
 JTO reached highs of $3.83 on March 16, tracking gains by Bitcoin and top altcoins as <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> reached a new all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high above $73k and ETH broke above $4,000.
 <h2 id="span-style-font-weight-400-jito-price-outlook-amid-bullish-bitcoin-sentiment-span">Jito price outlook amid bullish Bitcoin sentiment</h2>
 Despite paring gains, Jito looks to have established a fresh support zone at $2.75. The resulting upside to above $3.20 keeps the restaking protocol’s price in an uptrend, which has been in place since JTO/USD bottomed in early January.
 In this case, the $3.50-$3.75 area looks crucial for bulls.
 Although Jito remains in an uptrend, there’s potential for a downward flip if bulls fail to consolidate above $3.
 If price climbs to $3.62, the technical picture will represent a cup and handle pattern.&nbsp; Check the chart below showing the daily price movements for JTO.
 <img decoding="async" class="alignnone size-full wp-image-196230" src="https://cdn.thebittimes.com/images/2024/03/29/35ccdc22b0fb320f888a02eef2a1bd0d.webp" alt="" width="1074" height="545">
 Strengthening above this area could see a bullish flip allow for a retest of $4. The key upside target above this level will then be $6. This is the area of the all-time high of $6.01 reached on December 7, 2023 following Binance’s listing of JTO.
 On the downside, the main support lies near $2.79 and $2.50. The daily RSI and MACD indicators suggest weakness and these might be key price <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>s to watch.
 Bitcoin price is also <a rel="noopener noreferrer nofollow" title="poised" href="https://thebittimes.com/tag/poised.html">poised</a> near the $70k <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>. As such, traders are likely to pay attention to sentiment around the benchmark <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>. 
 Solana (SOL) performance is another factor to consider. Jito is a&nbsp; Solana liquid staking token that’s seen great interest since its introduction.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/jito-jto-poised-near-key-level-is-breakout-to-new-all-time-high-next-tbt83910.html">https://thebittimes.com/jito-jto-poised-near-key-level-is-breakout-to-new-all-time-high-next-tbt83910.html</a>

Jito (JTO) poised near key level; Is breakout to new all-time high next?

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