Solana-based liquid staking protocol Jito has announced the launch of its JTX Trade app, a unified trading platform offering perpetual and prediction market products. With 80% of platform fees directed to JTO token buybacks, analysts project a 2-5% buyback of the token within the first year. Crypto influencer Ansem predicted a 3x price increase to above $1.5, though broader market conditions may hinder recovery. Weekly charts show a bearish swing structure but recent buying pressure has lifted the On-Balance Volume toward 2025 highs. Based on Fibonacci retracement levels, a rally to $1.62–$2.0 appears possible, contingent on sustained market sentiment.
Solana-based liquid staking protocol Jito will launch the JTX Trade app, a unified trading platform comparable to Hyperliquid. The platform will offer perpetual and prediction market offerings, according to prior reporting.
Eighty percent of the platform’s fees will be directed to JTO token buybacks. Analysts predicted a 2-5% buyback of the token within the first year of the trading platform going live.
Crypto influencer Ansem predicted that the token would climb by 3x, pointing to a price target above $1.5. However, given the market-wide malaise, a strong recovery could be difficult.
On the weekly timeframe, the altcoin has a firm bearish swing structure. Yet over the past three months, buying pressure on JTO has been noticeable, as the On-Balance Volume challenged the 2025 high and the weekly RSI recovered above neutral 50 for the first time since November 2024.
The $0.80 level became a local supply zone, and the psychological $1 level has not been tested. Based on Fibonacci retracement levels, a rally up to $1.62–$2.0 appeared possible. The JTX Trade launch and token buybacks could be a catalyst for a sustained upward move.
The 4-hour chart’s price action was bullish. The move higher from $0.40 to $0.88 marked an impulse rally currently in a retracement phase.
The RSI fell to oversold extremes in recent trading sessions, and there was a high volume price drop to $0.60. This has begun to reverse at press time. A worrying factor was the OBV’s sideways trend over the past three weeks. Bulls will be hoping for steady, high-volume buying in the coming days to push the volume indicator higher.
