The cost skyrockets, and the cost army charges! JTO has seen a strong rebound in the past 24 hours. According to CoinMarketCap data, the price of JTO has risen to $0.4727, with a 24-hour increase of up to 47%, and trading volume soaring to $321.6 million. Reports indicate that JTO briefly surpassed 0.5 USDT, benefiting from news about Solana ecosystem incentives and a market recovery.
On social media platforms, traders are discussing its upward potential, with JTO ranking among the top three in gains in the KCEX report, reaching 38.09%. Additionally, Yahoo Finance data shows an increase of 40.40%, with overall sentiment influenced by Bitcoin volatility, but JTO benefits from the staking narrative. Some analysts point out that the RSI is overbought but the risk of a squeeze is high.
Recommended trading strategy: Short-term bullish, enter long positions above the current price of 0.47, with leverage not exceeding 20X, stop loss at 0.45, target 0.49-0.51. Combining technical analysis, if it breaks 0.48, confirm the upward trend and accumulate in batches to hedge. From a long-term perspective, the expansion of the Jito ecosystem may drive up prices, but be wary of corrections. Monitor the USDT dominance rate; if it exceeds 4%, reduce positions. Prioritize risk management; for reference only, not investment advice.
$JTO
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