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Jito (JTO) jumps 11.59% on strong buying and optimism over JIP-38 proposal, eyeing $0.80 next.

Protocol Fundamentals
20 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Jito (JTO) surged 11.59% to $0.6087 with market cap hitting $304.67 million, driven by strong investor interest and a 142.17% spike in trading volume. The rally was fueled by optimism around the JIP-38 proposal, which directs Jito DAO’s revenue to buybacks and burns, boosting long-term value. Increased derivatives activity and steady spot market buying reinforced bullish sentiment, suggesting sustained momentum. If JTO surpasses the $0.6500 resistance, it could test $0.80, but failure to hold support at $0.5332 may lead to a decline toward $0.4054.

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