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Jito (JTO) Rallies 11% Amid Volume Spike — Is More Upside Ahead?

  • Jito (JTO) surged 11.13% intraday to $2.15 with a high of $2.16, driven by a 188.74% volume increase.
  • Market cap of JTO is $719.17 million, indicating sound liquidity, but it trades below its fully diluted valuation, posing future unlocking risks.
  • With 341.96 million JTO in circulation and no defined max supply, there are long-term inflation concerns, yet the breakout hints at renewed bullish momentum in the short run.
  • Technical analysis shows potential resistance at $2.20 and support near $1.90, with the RSI and CMF signaling a mix of bullish and cautionary signs.

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