The cryptocurrency market kicked off the week with a cautious but notable recovery, as several leading altcoins showed signs of renewed strength. Jito (JTO), Bitcoin Cash (BCH), and Solana (SOL) have emerged as standout performers, each approaching key technical levels that could shape their short-term trajectories. Here’s a breakdown of their current positions and what to watch for next.
Jito (JTO): Testing the 200-Day EMA Barrier
Jito’s price action has been in the spotlight after a robust 15% rally on Sunday, bringing it close to the 200-day Exponential Moving Average (EMA) at $2.245. At the time of writing, JTO is trading just below this resistance at $2.242, pausing after a bullish engulfing candle. A decisive close above the 200-day EMA could open the door for a move toward $2.425, a level last seen in late March.
However, technical signals are mixed. The Relative Strength Index (RSI) sits at 60, indicating healthy bullish momentum, but a lower peak compared to last week suggests a bearish divergence. This could mean the rally is losing steam. If JTO closes below the 50-day EMA at $1.940, a deeper correction toward $1.557 is possible .
For a broader outlook, Jito’s price predictions for June 2025 range from a low of $1.3 to a high of $2.9, with an average around $2.1. Looking further into 2025, forecasts suggest a potential high of $8.56, though increased token supply could exert downward pressure .
JTO/USDT daily price chart.
Bitcoin Cash (BCH): Approaching a Critical Breakout
Bitcoin Cash has been consolidating after a 6.85% gain on Sunday, now hovering near a rising resistance trendline formed by previous peaks. The recent recovery pushed BCH above the 50% Fibonacci retracement level at $444, with the next key resistance at the 61.8% Fibonacci level ($490). This area could see increased profit-taking, potentially fueling a breakout.
Despite the bullish setup, the RSI at 63 is trending lower even as price attempts to climb, signaling a bearish divergence. A pullback to $444 is possible if momentum fades. A close below this level could see BCH retesting $430, erasing recent gains.
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BCH/USDT daily price chart.
Solana (SOL): Double Bottom Reversal in Play
Solana has rebounded by over 5.7% from the $140 support zone, forming a potential double bottom reversal pattern. The neckline sits at $168, with a critical resistance trendline overhead, marked by several recent peaks. A close above $168 could trigger a rally toward the $180 supply zone.
The RSI for SOL has bounced from near-oversold levels, now at 49, hinting at a possible shift in momentum. However, failure to break above resistance could see SOL slip back below $140, with a risk of further decline toward $105, its lowest close this year.
SOL/USDT daily price chart.
Market Outlook
While Jito, Bitcoin Cash, and Solana are showing encouraging signs, technical divergences and resistance levels suggest caution is warranted. Investors should watch for confirmed breakouts or breakdowns at the highlighted levels to gauge the next phase of the market’s recovery.
