Jito [JTO] has risen over 12% in the past 24 hours, with a monthly gain of about 30% as of the time of writing. This sudden increase is due to a sharp rise in spot and derivatives interest, partly driven by a strategic capital injection from Solana's internal ecosystem fund. Let’s interpret the reasons behind this move.

JTO surged due to Solana reserve news.

The recent price spike was due to JTO being included in Solana [SOL]'s Strategic Ecosystem Reserve (SER), which aims to support ecosystem-related projects.

According to Solana's official update, the SER purchased approximately $100,000 worth of 52,180 JTO tokens from the market.

The inflow of funds signifies strong support and has rekindled buying interest across various trading venues.

Spot and derivatives: cross-liquidity momentum enhances.

At the time of writing, spot market participants resumed buying JTO after a brief day pause.

$245,000 worth of JTO has been snapped up—more than double the amount added to the SER.

In the past day, overall market trading volume surged over 300%, reaching $276 million. Historically, a sharp increase in volume alongside sustained price rises indicates long-term bullish trends, suggesting that momentum is strengthening.

Similarly, according to CoinGlass data, the derivatives market also saw significant liquidity inflows, reaching new highs.

Meanwhile, JTO's open interest (OI) surged to $81.7 million—its second-highest level on record.

In November 2024, when OI reached $84.1 million, that was the only time it exceeded $80 million.

Historical data shows that during this period, JTO's price trend reached a high of $4.338. If the current OI level remains unchanged, this altcoin may reclaim its previous highs.

AMBCrypto also explored other market factors that could determine whether the bullish momentum is imminent.

Is a breakout brewing?

Technical indicators provide clearer insights into JTO's short-term trajectory.

One of the indicators is the Moving Average Convergence Divergence (MACD), which helps identify momentum shifts and potential breakouts.

As of the time of writing, the MACD is on the verge of forming a bullish golden cross—this occurs when the MACD line (blue) crosses above the signal line (orange). Historically, this pattern has indicated significant price movements.

Additionally, the Bullish Bearish Strength Indicator—showing whether buyers or sellers dominate the market—indicates strong bullish activity.

In the past 24 hours, buying pressure has surged, pushing the Bullish Bearish Strength value up to 0.286.

If the upcoming histogram continues to reflect this bullish pressure, the asset might rise and expand its momentum.