The price of Geto jumps 14 % with the recovery of Solana and Bitcoin

The price of Jito (JTO) has increased by more than 14 % in the past 24 hours in early trading on Monday, June 16th, with the leadership of senior winners in JTO, where Bitcoin and Solana prices are looking to bounce after negative work last week.
The gains of Jito numbers, a higher platform in the liquid ecosystem in Solana, have risen to the highest levels in two months, as JTO was trading to levels above $ 2.41.
It is worth noting that the gains are in line with an increase in the daily trading volume. For all data from Coinmarketcap, traders looked forward to more bullish trend of the original symbol of the MEV product platform and the Stokeing Jitosol Group, whose size increased by more than 500 % to $ 182 million. The roof of the Geto market rose to $ 776 million.
Why does the price of JTO rise sharply today?
In general, cryptocurrency currencies are still weak in the negative side fluctuations in the risk assets market.
The recent escalation of geopolitical tensions between Iran and Israel, with large attacks from both sides, has joined tensions on definitions and interest rates for faded investors.
These broader expectations witnessed a decrease in Bitcoin to the lowest level of $ 103,000 on June 13. Ethereum and other altcoins also decreased such as Sol and XRP.
However, BTC has returned to above 106 thousand dollars and many Altcoins see a slight rise.
JTO PRICE rises in the midst of this view, which reflects a bullish momentum that can see bulls aimed at an increase at all over $ 5.61 reached in December 2023.
For Jito, the momentum is likely to be associated with developments in relation to MEV and Stokeing.
In particular, the expectations about the Solana Exchang boxes in the SEC in the coming weeks have made investors enthusiastic about the potential Sol experimental plays.
Polymarket traders increased their prospects for SEC’s gesture for the first time Solana Spot ETF in the United States to 60 % this summer.
With a portion of the drafting in the S-1 files that were re-provided, the chances of obtaining approval for the investment funds circulating in the traded investment funds help many altcoins in this ecosystem.
The organizational transformation that allowed organizers to involve encryption leaders and projects adds to this optimistic mood. It is likely to be a part of the price of the JTO higher.
Invezz also explained last week, Jito gained in these back winds.
Technical expectations in Geto Price
Regarding the artistic image of the price of Geto, there is a total bullish structure in its place.
Currently, Altcoin price hovers above all average Si -moving, with EMAS provides a major support base.

Look at the RSI scale index at 62 shows that the bulls have a large space for maneuver.
If RSI hit excessive conditions in the peak, then re -testing the main support levels can provide the opportunity to buy.
The budget intersection of the index of average moving rapprochement also indicates an ascending continuation.
The post -JITO rate jitt by 14 %, as Solana and Bitcoin recovery first on Invezz