#JITO Price is planning to take off.

A cup-and-handle pattern has been formed by the price activity of jitto during the last four months.

The most recent movement validated the breakout, and this setup predicts a 55% increase to $6.05.

If JTO's price were to go below the $3.86 support level, its bullish prediction would be rendered useless.

The price of Jito (JTO) has remained stable despite the recent decline in Bitcoin (BTC). This new information confirms that $JTO is a hot cryptocurrency and that people are swarming to acquire it.

The price behavior of jitto formed a bullish cup-and-handle pattern between December 9 and March 31. In this technical setup, the cup is the rounded base, and the handle is the little consolidation or retracement that follows. Between December 9 and March 16, JTO produced the cup, and the handle was made during the two weeks of consolidation that followed.

In order to follow a breakout, it is essential to draw a trend line linking the peaks of the cup and the handle; this will serve as a resistance level. On March 31, this horizontal level of $3.86 was broken for JTO. The breakthrough was confirmed when the Jito price retested the neckline, which served as a support floor, in response to Bitcoin's recent slump.

Looking at it from a technical standpoint, the price of Jito is going to go up.

To get the cup-and-handle pattern's aim, measure the distance from the right peak of the cup to its bottom, which is 55% of the total. The target price is $6.05. This distance is added to the breakout point or neckline.

The RSI is making a comeback after falling into the overbought area. Normally, this would be cause for concern, but during bull runs, the RSI often remains overbought for extended periods of time.

The current strong indicators in the Jito price can be swiftly overshadowed if the Bitcoin price keeps falling. If JTO manages to close the market below $3.86 on a daily basis, the cup-and-handle predictions would be rendered useless. As a result of this change, the price of JTO might drop 26% to $2.85.