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$JTO /USDT Technical Analysis
The chart indicates that JTO is struggling to maintain its bullish momentum.
After peaking at 0.3667, the price has retraced and is currently hovering around 0.3346, oscillating between key Moving Averages (MA5, MA10, and MA30).
Immediate Resistance: The primary hurdle sits at 0.3667.
A sustained break above this level is required to confirm a trend reversal.
Key Support: Solid support is found at the recent swing low of 0.3022.
If the price dips below the MA30 (0.3375), we might see a test of this floor.
The Verdict: The MACD shows a bearish crossover, suggesting downward pressure in the short term.
Traders should watch for a bounce at 0.3150 or a breakout above 0.3537 before entering.
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