Jito (JTO) jumped about 11% in the past 24 hours after the project unveiled plans to build a new market layer on Solana, fueling renewed investor interest and a notable shift in on-chain activity. Why the move matters - Catalyst: The announcement to expand into a Solana market layer is the primary fundamental driver behind the rally, with markets seemingly pricing in the potential network and product benefits. - Whales accumulating: AMBCrypto’s order-flow review — supported by on-chain trackers — shows increased accumulation from large holders within the current trading range. Early positioning by big players could accelerate momentum if buying continues. - Retail follow-through: Visible strength and large orders often attract retail participation, which can amplify price swings and overall volatility. (Source: CryptoQuant / AMBCrypto) Technical picture - Breakout: Price action cleared a key resistance at $0.311, confirming continuation of the bullish structure that re-established after JTO bounced off a descending trendline on February 6. The market appears to have moved from compression into expansion. (Source: TradingView) - Overbought signal: Despite the breakout, stochastic RSI and the token’s RSI recently registered overbought conditions and began to retrace, suggesting the possibility of a short correction before the longer-term bullish bias resumes. Liquidity target and risks - A $304K liquidity cluster sits near $0.50, marking an obvious upside target if current momentum and whale accumulation persist. Liquidity clusters frequently act as magnets in trending markets, so sustained volume and continued big-holder support could see JTO head toward that zone. (Source: Coinglass) - Caution signs: CryptoQuant’s Spot Volume Bubble Map flagged overheating as traders aggressively entered positions, a pattern that often precedes brief pullbacks or consolidation even in otherwise bullish moves. In short, momentum is strong but volatility risk is rising. Bottom line Jito’s 11% surge is being driven by a mix of fundamental news (the Solana market-layer expansion), concentrated whale buying, a technical breakout above $0.311, and higher spot trading participation. Whether the rally extends toward the $0.50 liquidity cluster will hinge on continued volume and further accumulation by large holders — failure to sustain those conditions could result in short-term consolidation. Disclaimer: AMBCrypto’s content is informational and not investment advice. Trading cryptocurrencies is high risk; readers should do their own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news