jitos [JTO] has become one of the top-performing tokens in the last 24 hours, recording a daily increase of 11% as of press time.
The rally followed the announcement of the project to build a new market layer on the Solana network. The timing of the current increase suggests that the market is pricing in the potential impact of this expansion.
Whale activity strengthens the bullish case
AMBCrypto’s analysis of the token’s order flow data indicated further accumulation of large holders in the ongoing trading range.
Jito’s big players seemed to be positioning themselves early, so big orders could accelerate the momentum. Additionally, retail traders often follow visible strength, which could further amplify market volatility.
Source: CryptoQuant
Spot Volume Indicates Aggressive Participation
Despite the optimism, Jito’s spot volume bubble map indicated overheating conditions at the time of writing. Trading activity has intensified markedly as aggressive entries flooded the market.
While overheating conditions confirmed strong trader participation, these developments sometimes precede brief consolidations or pullbacks before continuation.
Momentum remains strong, but volatility risk is increasing.
Source: CryptoQuant
Break of $0.311 confirms JTO structural change
The latest rally pushed Jito above the key resistance level of $0.311. This breakout confirmed a continuation of the bullish structure that resumed after the token bounced from descending trendline support on February 6.
The market has gone from compression to expansion. Holding above $0.311 would strengthen JTO’s breakout.
However, the Stochastic RSI raised a warning signal. At the time of writing, Jito’s RSI was bouncing in an overbought region. This pointed to a possible short correction before the long-term bullish bias returned.
Source: TradingView
$0.50 Liquidity Pool in Focus
That’s not all; The liquidity pool of $304,000 around the $0.50 price level sets the price level as a key target if the current bullish momentum is sustained.
Liquidity pools often act as magnets during trending conditions. If whale accumulation and increased trading activity continues, the price may gravitate towards this zone.
However, failure to maintain volume could lead to short-term consolidation before another bullish attempt.
Source: Coinglass
What could be next for Jito?
Jitos 11% increase reflects something more than simple speculative interest. It combines fundamental catalysts (market layer expansion on Solana), strong whale accumulation, a technical break above resistance, and rising spot participation.
Momentum is clearly building. Now, whether the rally extends towards $0.50 will depend on sustained volume and continued support from whales.
Final summary
- Jito surges 11% after announcing a market layer on Solana, with whales accumulating aggressively at current levels.
- A confirmed break above $0.311 puts the $0.50 liquidity pool in focus if momentum holds.
