• Jito recorded a massive gain following its addition to the Solana Reserve.
• Both spot and derivative market participants have continued to accumulate JTO, with indicators suggesting the rally has yet to fully begin.

Jito [JTO] rose over 12% in the last 24 hours, at press time, bringing its monthly gain to approximately 30%.

The sudden rally followed a sharp rise in both spot and derivatives interest, fueled in part by a strategic capital injection from Solana’s internal ecosystem fund.

Let’s decode what’s behind the move.

JTO jumps on Solana Reserve news

The recent price surge follows JTO’s inclusion in Solana [SOL] Strategic Ecosystem Reserve (SER), a fund designed to support ecosystem-aligned projects.

According to Solana’s official update, the SER purchased 52,180 JTO tokens worth ~$100,000 from the market.

The inflow marked a strong endorsement and reignited buying interest across trading venues.

Spot and derivatives: Cross-liquidity momentum builds

At the time of writing, spot market participants resumed JTO purchases following a brief one-day pause.

A total of $245,000 worth of JTO has been scooped up—more than twice the amount added to the SER.

Source: CoinGlass

Overall market volume has surged over 300% in the past day, hitting $276 million. Historically, sharp volume increases alongside sustained price growth have preceded extended rallies, suggesting rising momentum.

Similarly, the derivatives market has seen a significant inflow of liquidity, reaching a new high, according to CoinGlass.

At the same time, JTO’s Open Interest (OI) spiked to $81.7 million—its second-highest level in history.

Source: CoinGlass

When OI hit $84.1 million in November 2024, it was the only time it went over $80 million.

Historical data showed that during that period, JTO’s price action reached a high of $4.338. If current OI levels hold, the altcoin could be positioned to reclaim that previous high.

AMBCrypto also explored other market factors that could determine whether a rally is imminent.

Is a breakout brewing?

Technical indicators are offering clearer insight into JTO’s short-term trajectory.

One such indicator is the Moving Average Convergence Divergence (MACD), which helps identify momentum shifts and potential breakouts.

As at press time, the MACD was on the verge of forming a bullish golden cross—this occurs when the MACD line (blue) crosses above the signal line (orange). Historically, this pattern has preceded significant price movements.

Source: TradingView

In addition, the Bull Bear Power indicator—which shows whether buyers or sellers dominate the market—suggested strong bullish activity.

A sharp increase in buying pressure was recorded in the past 24 hours, pushing the Bull Bear Power value up to 0.286.

If upcoming histogram bars continue to reflect such bullish pressure, the asset is likely to trend higher and extend its rally.