JTO Price Update & Technical Analysis on a Daily Timeframe

13 авг.

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

As per our previous update, JTO dropped down and hit the accumulation range of $1.85 to $2.17. After the price was rejected from $3.33 to $1.937, a quick rebound followed.

The current price of $2.4 shows some consolidation, offering a good opportunity to accumulate if you missed the lower entries.

The chart will be re-analyzed if the daily candle closes below the support trendline.

Key levels:

- Support: $1.85 to $2.17.
- Resistance 1: $3.55.
- Resistance 2: $5.
- Higher Target: $7.

DYOR, NFA.

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