Jito Soars Above $2.20: Bullish Momentum Fuels Breakout, Mid-June Rally Looms

Jito has experienced a sharp price surge past the $2.20 mark following an impressive breakout earlier this week. The rally began on June 9 when the token jumped from the $1.85 support level, breaking free of a long-term descending wedge pattern. The price quickly cleared key resistance at $2.00 and continued its upward trajectory, hitting a high of $2.31 before pulling back slightly. The surge was fueled by increased volume and renewed interest in Solana-based liquid staking protocols, bolstering the token’s growth.