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Summary
• Price surged over 15% from $0.71 to $0.77 amid strong buying momentum in the overnight session.
• Volatility spiked, with Bollinger Bands widening as price pushed above key resistance.
• RSI approached overbought levels, suggesting potential pullback risk.
Jito/Tether (JTOUSDT) opened at $0.71 on 2025-11-12 at 12:00 ET and surged to a 24-hour high of $0.77 before consolidating near $0.746 at 12:00 ET today. Total volume for the 24-hour period was ~8.8 million JTO, with notional turnover reaching approximately $6.5 million.
The price action showed a strong bullish impulse driven by late-night buying pressure, especially between 03:00 and 05:00 ET, where the pair climbed from $0.74 to $0.77. A key resistance level at $0.75–$0.76 was cleared decisively, with a bearish engulfing candle forming at $0.752–$0.757 at 09:15 ET, hinting at near-term profit-taking or consolidation. A doji at $0.746 at 08:00 ET suggests indecision after the sharp move higher.
The 20-period EMA (15-min) crossed above the 50-period EMA, reinforcing the bullish bias, while the 50-period daily EMA showed the pair is currently above its mid-term trend. MACD showed positive divergence, with the histogram expanding as price climbed, suggesting strong momentum. RSI peaked near 80, indicating overbought conditions and a potential pullback risk. Bollinger Bands expanded as volatility increased, with price testing the upper band multiple times.
A consolidation pattern emerged after the initial rally, with price trading in a range between $0.735 and $0.755 during the morning hours. Notable support levels include $0.73 (61.8% Fib of the overnight rally) and $0.72 (psychological and 38.2% Fib level). Volume remained elevated during the rally but dipped as the pair consolidated, indicating potential exhaustion of momentum.
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