Jito/Tether (JTOUSDT) Market Overview

• Price dropped sharply from $1.51 to $0.338 before recovering to $1.105
• Volatility spiked mid-cycle as price fell below $1.00
• RSI reached oversold levels, suggesting potential for a rebound
• Volume surged during the dip, indicating significant participation
• Bollinger Band contraction followed by expansion signals increased volatility

JTOUSDT Market Snapshot (2025-10-11)

Jito/Tether (JTOUSDT) opened at $1.499 on 2025-10-10 at 12:00 ET, surged to a high of $1.51, then fell to a low of $0.338 before closing at $1.105 on 2025-10-11 at 12:00 ET. Total volume for the 24-hour period reached 18,646,895.3 units, while notional turnover amounted to $19,549,111.60 (assuming Tether as base unit). The price has exhibited high volatility and a bearish-to-bullish reversal in the final hours.

1. Structure & Formations

Price formation on the 15-minute chart showed a strong bearish breakdown from $1.51 to below $0.34, followed by a sharp rebound to $1.105. A bullish engulfing pattern emerged after the $0.338 low, indicating short-term buyers stepping in. The $0.76 level acted as a critical floor during the drop, while the $1.09–$1.11 range appears to be consolidating as a new resistance cluster. A doji formed at $1.105, suggesting indecision at the current price level.

2. Moving Averages

Short-term 20-period and 50-period moving averages on the 15-minute chart are rapidly converging as the price rises toward $1.105. The 50-period MA is catching up to the 20-period, indicating a potential short-term trend reversal. On the daily chart, the 50-period MA is below the 100 and 200-period MAs, reflecting longer-term bearish bias despite the recent bounce.

3. MACD & RSI

The MACD crossed into positive territory during the late recovery, signaling renewed momentum. The RSI hit oversold territory at 28 during the $0.338 low, suggesting a possible bounce. However, the RSI remains below 50, indicating that the market is still weak and any upside may be short-lived unless the RSI breaks above 60. Divergence between price and RSI during the low suggests a weak oversold bounce, though the MACD’s positive divergence offers some optimism.

4. Bollinger Bands

The Bollinger Bands experienced a significant contraction as the price fell below $0.50, followed by a violent expansion to the $1.105 high, reflecting a sharp increase in volatility. The price closed near the upper band, suggesting that the market may be overextended on the upside. If the price closes above the upper band on the next candle, it could confirm a short-term bullish trend, though a pullback into the band’s center is likely.

5. Volume & Turnover

Volume surged during the bearish breakdown, peaking at 1,472,146.4 units as the price fell to $0.76. Later, as the price rebounded toward $1.105, volume remained elevated, indicating that buyers were aggressively stepping in. Notional turnover mirrored volume spikes, confirming strong conviction during both the selloff and the rally. A divergence appears when price peaked at $1.105 and volume dropped, suggesting a potential reversal.

6. Fibonacci Retracements

Applying Fibonacci retracements to the $0.338–$1.105 swing, the 61.8% level sits at approximately $0.847. The 50% level at $0.722 was oversold and rejected quickly. The 38.2% retracement at $0.797 also failed to hold. On the daily chart, the 61.8% retracement of the larger $1.499–$0.338 move is at $0.993, aligning with the current consolidation area. A break above $1.12 would likely test the 78.6% retracement at $1.26.

7. Backtest Hypothesis

A viable backtest strategy could involve entering long positions after a bullish engulfing pattern forms at a Fibonacci 61.8% retracement level, with a stop loss placed below the recent swing low. Given today’s price action and the confirmation of a rebound from $0.338, a long entry at $1.095 with a target at $1.13 and a stop loss at $1.075 aligns with the pattern and volatility profile. This would capture potential momentum while limiting downside risk from the consolidation range.

Forward-Looking View & Risk Caveat

The next 24 hours will likely see JTOUSDT testing the $1.13–$1.15 resistance cluster. A close above this level could signal a resumption of bullish momentum, while a pullback below $1.075 would suggest a test of the consolidation base. Investors should be cautious of potential short-covering volatility or a retest of the $0.76 support level. Risk remains elevated due to the sharp prior move, and a strong volume divergence on the next bearish candle could signal a reversal.