JTOUSDT Approaches Falling Wedge Breakout – Bullish Reversal?The chart indicates a major descending trendline resistance that has been tested multiple times since December 2024. Price action shows strong compression toward this resistance, suggesting a possible breakout moment.
🔄 Pattern Analysis: Falling Wedge
A Falling Wedge pattern is clearly visible:
This pattern typically signifies bullish reversal potential when formed in a downtrend.
Volume generally declines during the pattern and expands on the breakout.
The wedge begins around $3.97 and narrows down toward $2.18, where the current price action sits.
✅ Bullish Scenario:
If price breaks above the wedge resistance convincingly:
Breakout Confirmation Level: Around $2.42 (above the trendline and horizontal resistance)
Targets after breakout:
🎯 $2.73 – First major resistance
🎯 $3.39 – Mid-level resistance from previous structure
🎯 $3.97 – Key horizontal resistance and final wedge origin
🚀 Potential extension to $4.34 (previous swing high)
This would indicate a strong bullish trend resumption, especially if accompanied by high volume.
❌ Bearish Scenario:
If price fails to break above the wedge:
Possible rejection at $2.42, leading to:
🔻 Retest of support at $2.18
🔻 Further decline toward $1.40, the significant previous low
A breakdown below $2.18 would invalidate the wedge breakout and confirm bearish continuation.
⚠️ Key Technical Levels:
Support Zones: $2.18 – $1.40
Resistance Zones: $2.42 – $2.73 – $3.39 – $3.97 – $4.34
Pattern: Falling Wedge (Bullish Bias)
📌 Conclusion:
JTO/USDT is approaching a make-or-break zone. A successful breakout from the wedge could trigger a strong bullish rally, while failure may lead to further downside. Traders should monitor for volume confirmation on the breakout to validate direction.
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