These 3 Solana Tokens Are About to Break Out | Credit: Hameem Sarwar
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Key Takeaways
Solana (SOL) ecosystem tokens have surged this week.
Jito (JTO), Jupiter (JUP), and Raydium (RAY) lead the charge.
Can these three tokens explode to new highs in September?
The price of Solana has surged over the past two weeks, nearly breaking above key resistance and gaining ground against Bitcoin (BTC) and Ethereum (ETH).
This renewed strength has spilled over into Solana’s ecosystem, where three tokens look primed for breakout rallies.
Bullish JTO Breakout
Jito (JTO) has finally broken free from its corrective phase and looks poised for a new leg higher.
Since April, JTO’s price carved out a clean five-wave advance within an ascending wedge, followed by an A-B-C corrective pullback that stretched into the summer.
That correction appears to have ended in early August, setting the stage for a renewed rally.
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Today’s breakout above a descending resistance line confirms that the pullback is likely behind us.
The structure of the move is worth watching: the rally resembles a string of overlapping 1-2 setups, the kind of pattern that often precedes a sharp, parabolic push higher.
If this count holds, JTO could be on the verge of an explosive breakout, potentially carrying the token to fresh highs as momentum builds.
The main resistance area is at $2.30, but a breakout above it is likely if the wave count materializes.
Momentum indicators align with the count: The Relative Strength Index (RSI) is above 50 while the Moving Average Convergence/Divergence (MACD) is positive.
So, the JTO price analysis is bullish, suggesting a rally is right around the corner.
JUP Rally Incoming?
The Jupiter (JUP) price movement shares similarities with JTO.
More specifically, it has created a series of 1-2/1-2/1-2 wave formations, shown in green, black, and orange, respectively.
If this analysis is accurate, the JUP price is on the verge of a massive breakout, confirmed with a close above the descending resistance trend line (dashed).
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
