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Screenshot the given QR code image & scan through binance or any app! Get a chance to win up to 3 USDT.

Screenshot the given QR code image & scan through binance or any app! Get a chance to win up to 3 USDT.

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$JTO Price Poised for Growth: Analyzing the Cup-and-Handle Pattern🤯 Get Reward Here 💰 JITO's price trajectory indicates a potential upward trend, supported by the formation of a cup-and-handle pattern over the last four months. The recent movement has validated this breakout, projecting a substantial 55% increase to $6.05. However, it is crucial to note that a dip below the $3.86 support level would negate this bullish forecast. Despite the broader decline in Bitcoin, JITO's price has demonstrated stability, signaling strong interest and demand within the cryptocurrency market. The formation of the bullish cup-and-handle pattern, observed between December 9 and March 31, illustrates a classic technical setup, with the cup representing a rounded base and the subsequent handle indicating consolidation or retracement. To confirm a breakout, it is imperative to establish a trend line connecting the peaks of the cup and handle, serving as a resistance level. On March 31, JITO's price surpassed this horizontal level, affirming the breakout. This validation was further strengthened by the retest of the neckline, which now acts as a support floor, particularly amidst Bitcoin's recent market downturn. Technically, JITO's price is poised for an upward trajectory, with the cup-and-handle pattern suggesting a target price of $6.05, calculated by adding 55% of the total distance from the right peak of the cup to its bottom to the breakout point or neckline. Although the Relative Strength Index (RSI) has retreated from overbought territory, during bullish phases, it often remains elevated for prolonged periods. However, it's imperative to monitor the RSI alongside broader market movements, particularly Bitcoin's performance, as any sustained decline could overshadow JITO's current bullish indicators. #BinanceLaunchpool #Memecoins
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