Jito (JTO) poised near key level; Is breakout to new all-time high next?
Jito (JTO) price bounced off lows of $2.79 and is eyeing new momentum above $3. A potential cup and handle pattern could see bulls target breakout alongside Bitcoin. With BTC outlook positive, a rally for JTO could bring a 50% upside from current levels. Jito (JTO) is looking to extend gains above $3 after bulls bounced off the support zone on March 29. JTO reached highs of $3.83 on March 16, tracking gains by Bitcoin and top altcoins as BTC reached a new all -time high above $73k and ETH broke above $4,000. Jito price outlook amid bullish Bitcoin sentiment Despite paring gains, Jito looks to have established a fresh support zone at $2.75. The resulting upside to above $3.20 keeps the restaking protocol’s price in an uptrend, which has been in place since JTO/USD bottomed in early January. In this case, the $3.50-$3.75 area looks crucial for bulls. Although Jito remains in an uptrend, there’s potential for a downward flip if bulls fail to co...