JTO -4466.49% in 1 Year Amid Deep Technical and Market Deterioration

On SEP 1 2025, JTO dropped by 238.6% within 24 hours to reach $1.762, marking the most dramatic short-term decline in its recent history. Over a 7-day period, the asset lost 587.93% of its value, while over the last month, it declined by the same 238.6%. The year-over-year performance was catastrophic, with JTO shedding 4466.49% in value. These figures reflect an ongoing trend of severe technical and fundamental deterioration, raising concerns among investors about the asset’s liquidity and long-term viability.

Technical indicators have also shown alarming signals. The KDJ oscillator confirmed a death cross as the K line fell below the D line on the key date following a period above it. Simultaneously, the 14-period RSI indicator showed an oversold condition, falling below the 30 threshold. These signals are often used by traders to identify potential market turning points, though in this case, they coincided with a sharp downward spiral rather than a rebound.

The prolonged decline has pushed JTO into an unusually extended bearish phase, with few signs of a near-term reversal. Analysts project that the asset remains in a high-risk state due to the lack of buying pressure and continued bearish momentum in price behavior. Institutional activity has remained muted, with no major inflows observed to reverse the downward trajectory. The absence of any short-term catalysts or fundamental upgrades has left the market without clear directional guidance.

Backtest Hypothesis

To better understand the technical environment, a backtesting strategy was developed using the KDJ death cross and RSI oversold conditions as dual criteria. Over the period from January 1, 2022, to September 1, 2025, a total of 16 event days met these conditions. The results revealed a clear pattern: the first five trading days post-event consistently underperformed the market benchmark, with an average return of -13.1% versus a -2.3% benchmark. However, a notable reversal emerged between day 15 and day 19, during which the strategy showed statistically significant upside, with one instance reaching a positive 14.7%. This suggests a potential mean-reversion mechanism at play approximately two to three weeks after the signals trigger.