Market Overview for Jito/Tether (JTOUSDT) – 2025-10-14

• JTOUSDT closed near a key 1.235 resistance level after a morning breakout attempt.
• RSI showed bullish momentum in the morning but weakened as volume declined post 09:00 ET.
• Volatility expanded in the early session but contracted into a tight range in late trading hours.
• A 1.22–1.235 consolidation zone formed, with bearish divergence in price and turnover observed post 14:00 ET.

Jito/Tether (JTOUSDT) opened at 1.165 on October 13, 2025, and reached a high of 1.245 before closing at 1.114 on October 14 at 12:00 ET. The 24-hour total volume amounted to 1,652,801.3, with a notional turnover of $1,899,864.80. The pair experienced a distinct morning rally and afternoon consolidation pattern.

Over the past 24 hours, JTOUSDT formed a 1.165–1.245 price channel, with resistance at 1.235 and support at 1.22. Key candlestick patterns included a bullish engulfing near 1.203 and a bearish hanging man at 1.242. The 20-period EMA provided mixed signals, crossing below the 50-period EMA in the final hours of trading, suggesting potential bearish pressure. The daily 100-period MA remains above current price levels, indicating short-term bearish bias.

MACD turned negative in the afternoon, confirming a slowdown in bullish momentum. RSI peaked at 72 in early trading but declined to 38 by the close, suggesting overbought conditions have dissipated. Bollinger Bands widened significantly in the morning, narrowing later into a consolidation phase. Price hovered between the mid-band and lower band in the final four hours, suggesting bearish exhaustion.

Volume spiked in the 18:00–20:00 ET window but declined sharply after 09:00 ET. Notional turnover aligned with volume in the morning but diverged post-14:00 ET, signaling a possible loss of conviction in buyers. Fibonacci retracement levels from the 1.165–1.245 swing indicated key 61.8% and 38.2% levels at 1.209 and 1.197, both of which were tested but not held.

Backtest Hypothesis

The proposed backtest strategy leverages RSI(14) to identify overbought conditions, with a buy trigger at RSI > 70 and a 5% stop-loss. A 14-day RSI is appropriate for capturing mid-term reversals in a 15-minute chart, especially in a volatile asset like JTOUSDT. However, the lack of a take-profit or sell-on-RSI-<70 rule introduces risk of holding losing positions. Using the close price for entry/exit aligns with typical backtesting practices. The test window from 2022-01-01 to 2025-10-14 provides ample data to assess the strategy's robustness. Given the recent bearish divergence and RSI weakness, this strategy could face challenges unless paired with a trailing sell rule or a take-profit threshold.