JTOUSDT Flashes Bearish Divergence After Failed Bullish Spike

Summary
• Price surged to $0.2757 before retracting to $0.2492, forming bearish divergences in late trading.
• High volume confirmed initial bullish thrust but faded during bearish reversal.
• RSI indicated overbought conditions at peak, followed by oversold levels at close.
• Bollinger Bands showed expanding volatility with price testing the lower band in the final 6 hours.

The Jito/Tether (JTOUSDT) pair opened at $0.2566 on 2026-02-06 12:00 ET, surged to a high of $0.2757, dropped to a low of $0.2479, and closed at $0.2509 on 2026-02-07 12:00 ET. Total volume reached 11.18 million, with a notional turnover of $286,034.

Structure & Formations

Price formed a broadening top pattern during the first half of the 24-hour period, with a bearish evening star developing after the $0.2714 high. A key support area was identified near $0.2500–0.2506, where price found a floor multiple times.

Moving Averages

On the 5-minute chart, the 20-EMA crossed above the 50-EMA early in the bullish phase, confirming strength. However, by late trading, the 20-EMA had crossed below the 50-EMA again, suggesting weakening momentum. The daily 50-EMA remains above the 200-EMA, indicating an ongoing bullish bias over a longer horizon.

MACD & RSI

The MACD turned negative after the initial rally, reflecting bearish momentum. RSI peaked at 78 during the high and dropped below 30 in the final hours, signaling potential oversold conditions. A divergence formed between price and RSI as price hit a new intraday low with lower RSI values than the previous swing low.

Bollinger Bands

Bollinger Bands showed a clear expansion during the peak rally, with price reaching the upper band at $0.2757. Later in the day, price settled near the lower band, indicating exhaustion in the bearish wave.

Volume & Turnover

Volume surged to over 793,692.1 during the final bullish spike, but turnover failed to confirm the move. A bearish divergence emerged as volume dipped during the final price consolidation, suggesting lack of conviction.

Fibonacci Retracements

On the 5-minute chart, price retraced 61.8% of the initial bullish move from $0.2566 to $0.2757 at $0.2651 before falling further. On the daily chart, the 38.2% retracement level at $0.2611 acted as a minor resistance, which price failed to break.

Looking ahead, JTOUSDT may test key support at $0.2479 again, with a possible bounce if buyers emerge near that level. Traders should remain cautious of increased volatility and potential gaps due to macro sentiment shifts.