Jito (JTO), a prominent Solana-based liquid staking project, surged over 12% in the last 24 hours, pushing its monthly gains to nearly 30% and reigniting bullish sentiment across the crypto market. This sharp rise came in response to news that Jito was added to Solana’s Strategic Ecosystem Reserve (SER)—a $100 million fund focused on accelerating the growth of ecosystem-aligned projects. As momentum builds in both spot and derivatives markets, investors are wondering whether JTO is gearing up to retest its all-time high of $4.33.

The rally began shortly after Solana Foundation introduced that it had purchased 52,180 JTO tokens from the open market, worth approximately $100,000, through its SER initiative. The fund was designed to support strategic, long-term development across the Solana ecosystem, and Jito’s inclusion was seen as a major vote of confidence. This endorsement not only boosted investor sentiment but also triggered renewed accumulation across multiple trading platforms.

Following the SER statement, JTO saw a sharp uptick in market participation. In the spot market, buyers quickly stepped in after a brief pause, pushing daily trading volume past $245,000—more than double the initial SER purchase. The momentum wasn’t limited to spot trades; derivative markets also lit up, with Open Interest (OI) soaring to $81.7 million. This marks the second-highest OI ever recorded for JTO, trailing only behind the $84.1 million seen in November 2024, when the token reached its previous peak of $4.338.

The surge in both spot and derivative activity underscores a broad market consensus: traders and investors alike believe that the rally may just be getting started. Historically, spikes in trading volume and OI, especially when coupled with price gains, indicate growing conviction and sustained upward momentum. If this current trend continues, JTO could realistically be on track to retest or even surpass its previous high.

In addition to market participation, technical indicators support the bullish outlook. The Moving Average Convergence Divergence (MACD) indicator—a reliable measure of trend shifts and momentum—was on the verge of confirming a bullish golden cross at press time. This occurs when the MACD line crosses above the signal line, often acting as a precursor to significant upward movement. If this crossover finalizes, it could catalyze a stronger breakout in the coming days.

Another key signal is the Bull Bear Power (BBP) indicator, which measures the strength of buying versus selling pressure in real-time. The BBP value rose sharply over the past 24 hours, climbing to 0.286. This reading indicates that bullish momentum is dominating the market, with more aggressive buying than selling. As long as histogram bars on the BBP remain positive, JTO’s price action is expected to trend higher, reflecting continued investor confidence.

Importantly, the current rally appears to be fundamentally driven. Jito’s value proposition within the Solana ecosystem—as a protocol enabling liquid staking—has gained increasing relevance, especially as DeFi platforms continue to grow in sophistication. With Solana’s ecosystem expanding rapidly, strategic funding for infrastructure plays like Jito could signal broader market readiness to support decentralized staking solutions.

Still, the sustainability of this rally depends on several factors. First, JTO will need to maintain momentum across both spot and derivatives markets, ideally pushing OI past its previous high. Second, confirmation of bullish technical indicators like the MACD crossover and strong BBP readings must be sustained to avoid short-term profit-taking. Lastly, external market conditions—including Solana’s overall performance—will likely influence JTO’s trajectory.

In conclusion, Jito’s recent 12% price spike has reignited optimism among investors, backed by growing participation across spot and futures markets and reinforced by Solana’s strategic investment. With technical indicators aligning and market sentiment improving, JTO appears well-positioned to challenge the $4.33 resistance level. Whether or not it reaches this milestone depends on continued demand, solid fundamentals, and favorable broader market conditions. For now, the bullish setup remains intact, and all eyes are on whether JTO can sustain its upward charge in the days ahead.