Jito jumps 11% as new Solana market layer fuels demand: Is $0.50 next?
Jito (JTO) surged 11% following its announcement of building a new market layer on the Solana network, signaling strong market optimism. The rally was supported by significant whale accumulation and a technical breakout above the key $0.311 resistance level, confirming a bullish structural shift. Despite signs of overheating in spot trading volume and a potential short-term pullback indicated by the stochastic RSI, momentum remains strong. A liquidity cluster near $0.50 is now a key target if bullish conditions persist, driven by sustained whale support and trading activity. The token’s performance reflects both fundamental catalysts and strong market participation.
ambcrypto02/18 14:01
