Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading above the 200-period MA (value: $2.530), confirming a bullish trend in the medium term.
The breakout above this level indicates strong support from buyers.
Relative Strength Index (RSI):
RSI is at 59.89, reflecting bullish momentum but still within neutral territory.
There is potential for further upside before entering overbought conditions.
Moving Average Convergence Divergence (MACD):
MACD histogram shows a positive reading (+0.016), signaling bullish momentum.
The MACD and Signal lines are trending upward, further confirming the bullish scenario.
Volume:
Trading volume is at 2.466M, showing consistent activity, which supports the recent upward movement.
Support and Resistance Zones
Strong Resistance:
The immediate resistance zone is at $3.200 - $3.300.
A breakout above this range could lead to a move toward the next target at $3.500.
Key Support:
Immediate support lies in the $2.800 - $2.900 range, near the breakout level.
If this level fails, the next support is at $2.530, aligned with the 200-period MA.
JTO/USDT is maintaining a bullish trend, supported by its position above the 200-period MA and positive momentum indicators. The next critical level to watch is the resistance at $3.200. A breakout above this level would confirm further bullish continuation, while $2.800 serves as the immediate support in case of a pullback.