#JTOUSDT UPDATE
JTO is consolidating within an ascending triangle pattern, facing strong resistance around the $2.22-$2.25 zone. The price is currently trading above the support trendline, suggesting bullish pressure as buyers step in at higher levels.
A breakout above the resistance zone with strong volume would confirm a bullish move , potentially leading to a significant price surge. A successful retest of the breakout level could provide an ideal entry point for long positions.
However, if JTO fails to break out and drops below the ascending trendline, bearish pressure may take over. This could lead to a pullback toward the $2.10 or $2.00 support levels, where buyers may attempt to regain control. Traders should watch for volume confirmation to determine the next major move.
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