**Jito (JTO) Nears All-Time Low but Shows Signs of Potential Recovery**
Jito [JTO] prices have declined sharply by 12% over the last 24 hours, bringing the token dangerously close to its all-time low. This significant drop has understandably shaken investor confidence. However, several encouraging on-chain signals suggest that JTO might still have a chance to stabilize or even rebound.
**Whale Accumulation Signals Opportunity**
Large investors, commonly referred to as whales, are steadily accumulating JTO across both spot and futures markets. Recent Average Order Size data highlights this quiet yet consistent buying activity. Such behavior implies that high-cap traders see the current price levels as a promising long-term investment opportunity.
Historically, similar phases of accumulation by whales have often preceded short-term price rebounds or contributed to stabilizing a falling market. This trend indicates that Jito could be entering a potential recovery phase despite recent losses.
**Buyers Dominate the Futures Market**
In addition to whale accumulation, buyers are showing dominance in Jito’s Futures market. CryptoQuant data reveals a surge in buyer dominance over the past few days, with a notable increase in long positioning among traders and investors. This optimism hints at expectations for a recovery or at least a temporary price correction.
Typically, when futures market sentiment aligns with whale buying activity, it paves the way for a bullish price movement. Interestingly, this buyer momentum is emerging just as sellers begin to lose strength, suggesting the selling pressure may be near exhaustion.
**Technical Outlook: Bullish Flag Formation**
On the daily chart, JTO’s Stochastic RSI is approaching an oversold region, which often precedes a potential price reversal. Currently, the token is consolidating within a bullish flag pattern—a technical formation that usually signals a breakout if buying momentum intensifies.
The strength and sustainability of any reversal will depend on how aggressively investors respond. If buying interest continues to build, there is a possibility that JTO could break out from its current consolidation phase, halting the recent decline.
**Will This Be Enough to Halt the Fall?**
Although Jito’s short-term outlook remains uncertain, a combination of on-chain metrics and technical indicators points to a possible turning point. Should whale demand persist and buyers maintain their dominance in the derivatives market, JTO might avoid slipping into a full collapse.
Investors and observers will be closely watching these signals in the coming days to gauge whether Jito’s recent dip marks the beginning of a recovery or just a pause before further declines.
https://bitcoinethereumnews.com/tech/jito-prices-drop-but-jto-whales-quietly-buy-the-dip-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=jito-prices-drop-but-jto-whales-quietly-buy-the-dip-heres-why
About the Author
