do a technical analysis for the token jito

Technical Analysis for Jito (JTO)

Overview

• Current Price: $2.68
• Market Cap: $775,924,314
• Circulating Supply: 290,547,846.3 JTO
• Total Supply: 1,000,000,000 JTO
• Price Change (24h): -15.28%
• Price Change (7d): -15.68%

Investment Indicators (Last 60 Days)

1. Relative Strength Index (RSI)

   • Initial Investment: $1,000
   • Final Amount: $842.86
   • Profit/Loss: -$157.14 (-15.71%)
   • Initial Price: $3.50
   • Final Price: $2.95
   • RSI Signal: Neutral (61)

2. Commodity Channel Index (CCI)

   • Initial Investment: $1,000
   • Final Amount: $922.86
   • Profit/Loss: -$77.14 (-7.71%)
   • Initial Price: $3.50
   • Final Price: $2.95
   • CCI Signals: Neutral (51), Buy (7), Sell (3)

3. Average True Range (ATR)

   • Initial Investment: $1,000
   • Final Amount: $842.86
   • Profit/Loss: -$157.14 (-15.71%)
   • Initial Price: $3.50
   • Final Price: $2.95
   • ATR Signals: Buy (41), Neutral (20)

4. Simple Moving Average (SMA)

   • Initial Investment: $1,000
   • Final Amount: $946.00
   • Profit/Loss: -$54.00 (-5.4%)
   • Initial Price: $3.50
   • Final Price: $2.95
   • SMA Signals: Buy (27), Neutral (19), Sell (15)

5. MACD

   • Analysis Failed: Unable to calculate MACD indicator.

Summary

The technical analysis for Jito (JTO) indicates a downward trend over the past 60 days, with significant losses across various indicators. The RSI suggests a neutral position, while the CCI indicates a slight potential for buying. The ATR and SMA also reflect losses, with the SMA showing a more moderate decline compared to other indicators.

For further insights, you may want to monitor market conditions and news related to Jito, as the current price trend suggests caution.

Links for More Information:

• Jito Network Homepage
• Jito on Solscan