Based

bullish

Rally

Solana

<p>As the bullish reversal in JITO Finance struggles to surpass a crucial resistance at $3.18, the V-shaped recovery takes a sudden halt. As the buyers struggle to sustain momentum above the $3.00 psychological mark, the broader market anticipates a sideways shift.&nbsp;</p>   
<p>However, the lower price rejection keeps the hope of a bullish reversal alive. Will this reversal rally result in a breakout surge to the $4.00 psychological mark? Let's find out in our latest JITO price analysis, which is filled with technical insights.</p>   
<h2 class="wp-block-heading" id="h-jto-price-analysis">JTO Price Analysis</h2>   
<p>In the daily chart, the JTO price action shows a V-shaped reversal from a crucial support level, $1.865, which has provided multiple bullish reversals over the past four months.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/14152542/image-233-1024x509.png" alt="JTO price" class="wp-image-379775">
</figure>   
<p><a href="https://www.tradingview.com/x/VviAV1z2/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>&nbsp;In the recent V-shaped reversal, the JTO price surged almost 70% to hit the $3.18 mark. This level coincides with the 38.20% Fibonacci level. Currently, it is facing resistance to find a closing price above this resistance level.&nbsp;</p>   
<p>The 38.20% Fibonacci level has resulted in a bearish reversal once before in July. However, the ongoing reversal rally has surpassed the long-coming resistance trendline, marking a bullish breakout of a descending triangle pattern.&nbsp;</p>   
<p>Furthermore, the recovery rally has surpassed the 200-day SMA line, increasing the upside chances. Currently, it is trading at $3.1432 with a minor intraday growth of 0.07%.&nbsp;</p>   
<p>However, the market price surged by 4% last night, resulting in a bullish candle.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators</h3>   
<p>Amid the increasing bullish sentiments, the 100-day and 50-day SMA lines have given a positive crossover. Meanwhile, the 200-day SMA continues to act as a dynamic support.&nbsp;</p>   
<p>Further, the minor consolidation below the 38.20% Fibonacci level has led to a declining intensity in the MACD histograms.</p>   
<h2 class="wp-block-heading" id="h-will-jto-price-cross-3-18">Will JTO Price Cross $3.18?</h2>   
<p>Based on the Fibonacci levels, a bullish breakout of about $3.18 could result in a price surge to the $4 psychological mark coinciding with the 61.80% Fibonacci level. On the flip side, the crucial support for the DeFi token stands at $2.6835 and $2.30.&nbsp;&nbsp;</p>   
<p>As Solana crosses $200, are you curious how high the SOL price will go in 2024? Check out Coinpedia’s <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">Solana price prediction</a> to find price targets above $100.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731578182691">
  <strong class="schema-faq-question">What is the key resistance level for JTO Finance currently?</strong> 
  <p class="schema-faq-answer">The critical resistance level for JTO Finance is $3.18, which aligns with the 38.20% Fibonacci retracement.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731578186269">
  <strong class="schema-faq-question">What are the potential targets if JTO breaks the $3.18 resistance?</strong> 
  <p class="schema-faq-answer">A breakout above $3.18 could lead to a price surge toward the $4 psychological mark, coinciding with the 61.80% Fibonacci level.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731578193192">
  <strong class="schema-faq-question">What are the crucial support levels to watch in JTO Finance?</strong> 
  <p class="schema-faq-answer">The crucial support levels are $2.6835 and $2.30, which could come into play if the price fails to sustain above current levels.</p> 
 </div> 
</div>

JTO Price Faces $3.18 Test: Can the Rally Extend to $4?

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