A recent slight increase in cryptocurrency market capitalization has led to a rise in prices for certain assets, including Jito (JTO), which surged 8.38% in 24 hours.
State of the Crypto Market
The cryptocurrency market capitalization is showing a slight increase, with the Fear and Greed Index holding at 49, indicating neutral sentiment. Bitcoin (BTC) and Ethereum (ETH) continue to trade in a downtrend while some assets are experiencing significant fluctuations.
Jito (JTO) Analysis Over the Last 30 Days
In the last month, Jito has recorded over a 10.59% gain. The asset started trading at $1.95, reaching a high of $2.30 and a low of $1.50. According to CMC data, Jito currently trades around $2.09 with a daily trading volume of $56.79 million, reflecting a 147% increase.
Jito's Price Movement Prospects
Jito may test the resistance around $2.16 if bullish sentiment continues. While the possibility of a golden cross is present, a trend reversal could see the price drop to $2.01 and possibly $1.90. A technical analysis suggests a weak bullish trend with RSI at 57.50, indicating potential for further gains despite the current bearish trend indicated by MACD.
Despite recent gains, Jito faces potential price fluctuations, and its future movement will depend on bullish activity in the market.
