Jito (JTO) experienced a death cross, indicated by the 50 EMA dropping below the 200 EMA, leading to a bearish sentiment. The token’s price has remained below key resistance levels of 2.0-2.1 USD.
Despite recent downtrends, a bullish divergence on the RSI suggests an opportunity for recovery if the support at 2.3 USD holds. Moreover, open interest for JTO significantly increased, highlighting trader positioning for market volatility.
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