hello everybody I'm here with the price if #JTO_USDT
JTO/USDT pair, on the 1-day timeframe, here are some observations related to potential patterns and support/resistance levels:1. **Key Support Zone:** The red lines in the chart highlight a strong support zone around the $2.00 to $2.05 level. This price zone has been tested multiple times, indicating strong buying interest here. It's essential to watch if the price holds or breaks below this level in the coming days.2. **Resistance Level:** The blue line near $3.21 represents a significant resistance. The price has been rejected around this level in previous attempts. If the price rises toward this zone again, it might face selling pressure, making it a tough level to break unless momentum builds.3. **Consolidation or Accumulation:** The chart seems to display a consolidation pattern between $2.00 and $2.50 over the last few months. This could indicate an accumulation phase, where traders are waiting for a breakout.4. **Potential Double Bottom:** There are two prominent lows formed around the $2.00 zone, hinting at a possible double bottom reversal pattern. If confirmed, this pattern could signal a bullish reversal, potentially leading the price towards the $2.50-$3.00 zone.If the price holds this support and breaks above $2.50, there could be a bullish push toward the upper resistance near $3.21. However, if it breaks below $2.00, it might lead to a more bearish scenario.**Disclaimer:** This analysis is not financial advice and should not be considered as such. Please conduct your own research or consult a financial advisor.$JTO $ETH $BTC