In the last 24 hours, bearish momentum in the Jito (JTO) market was strong, with prices sliding from the day’s start of $3.0827 to a low of $2.82 before regaining support. The downward movement of this JTO was principally caused by a drop in buying pressure and an increase in selling volume. However, the market mood has flipped in the last few hours, with bulls surging to an intra-day high of $3.66 before marginally retreating.

Despite the retreat, the market remains cautiously optimistic about JTO’s prospects, with bulls in control as of press time and trading at $3.11, up 2.92% from the intraday low. During the rally, JTO’s market capitalization, according to CoinStats, climbed by 3.38% to $360,023,116, reflecting the increasing investor confidence in the uptrend.