The $JTO coin is based on a strong support range and is preparing for an upward rebound
• Technical trend: A potential bullish rebound (Bullish Rebound)
• Monitoring zone: 0.5400 – 0.5550
🎯 Price targets:
• TARGET 1: 0.5841
• TARGET 2: 0.5979
• TARGET 3: 0.6117
❌ Scenario invalidation level: A candle close below 0.5350 (break of the green support range)
💡 Technical rationale: The price holds steadily above the green demand area spanning (0.5400 – 0.5500) and near the green ascending support line. Testing this zone with solid support suggests the start of a gradual upward wave according to the white path shown, targeting higher resistance levels.
• Technical trend: A potential bullish rebound (Bullish Rebound)
• Monitoring zone: 0.5400 – 0.5550
🎯 Price targets:
• TARGET 1: 0.5841
• TARGET 2: 0.5979
• TARGET 3: 0.6117
❌ Scenario invalidation level: A candle close below 0.5350 (break of the green support range)
💡 Technical rationale: The price holds steadily above the green demand area spanning (0.5400 – 0.5500) and near the green ascending support line. Testing this zone with solid support suggests the start of a gradual upward wave according to the white path shown, targeting higher resistance levels.