That spike toward $0.39 was clearly momentum driven, but the pullback to $0.30 shows traders taking quick profits.
$JTO is tied closely to Solana’s staking and MEV ecosystem, so moves like this usually follow renewed interest in Solana infrastructure plays.
RSI cooling down suggests the market isn’t overheated anymore. If Solana strength continues, JTO could stabilize and grind higher but it needs steady volume, not just one explosive candle.
Bias: Mildly bullish if structure holds
Entry zone: $0.295 – $0.305 (near current consolidation)
Bull confirmation: Reclaim and hold above $0.32
Exit / TP zone: $0.36 – $0.39 (prior wick high area)
Invalidation / Stop: Below $0.285
This looks like post-spike consolidation. If buyers defend $0.29, continuation toward previous highs is possible.
Not a Financial advice, always do your own research. 🫣
JTO
0.2922
-4.85%