Market Overview for Jito/Tether (JTOUSDT) - 2025-09-17

• JTOUSDT declined 0.67% over 24 hours, closing at 1.828 after a bearish bias in late ET trading.
• Volatility remained elevated, with a 1.861–1.824 range, and key resistance at 1.86–1.87.
• Volume spiked during the early decline but waned toward the close, suggesting fading bearish momentum.
• RSI entered oversold territory near 27, suggesting potential short-term bounce.
• Bollinger Bands showed a moderate contraction, hinting at a potential breakout or breakdown.

Jito/Tether (JTOUSDT) opened at 1.847 at 12:00 ET − 1 and closed at 1.828 at 12:00 ET on 2025-09-17. The pair reached a high of 1.875 and a low of 1.824 over the 24-hour period. Total volume was 945,200.9 and notional turnover amounted to approximately $1,703,081.26.

Structure & Formations

The 15-minute candlestick chart showed a clear bearish bias from 19:45 ET to 04:30 ET, with a sharp drop from 1.859 to 1.82. A bearish engulfing pattern emerged around 04:30 ET (1.825 open, 1.82 close), followed by a consolidation phase. A doji formed around 06:45 ET (1.827 open and close), signaling potential indecision or a short-term reversal. The key support level appears to be at 1.82–1.83, with 1.85–1.86 as short-term resistance.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA both trended lower, supporting the bearish momentum. The 50SMA hovered near 1.84, above the current price, indicating a potential retest of 1.84–1.85 levels. On the daily chart, the 50DMA, 100DMA, and 200DMA are aligned lower, suggesting the broader trend remains bearish but with potential for consolidation near 1.82–1.83.

MACD & RSI

The MACD line and histogram were negative and trending downward, confirming bearish momentum. RSI reached an oversold level near 27, suggesting potential for a short-term bounce. However, RSI remains within a bearish bias, and without a clear breakout above 40, the downtrend may resume.

Bollinger Bands

Volatility showed a contraction in the last 4–6 hours of the chart, with the BB width narrowing between 1.83 and 1.825. This may indicate a potential breakout or breakdown. The price has closed near the lower band multiple times, suggesting a floor at 1.82–1.83. A sustained close above the upper band would signal bullish momentum.

Volume & Turnover

Volume spiked during the initial decline, peaking at 47,593.8 around 04:45 ET. Turnover also increased during the same period, confirming the bearish action. However, volume and turnover both declined in the final 6 hours of the 24-hour window, indicating waning bearish conviction.

Fibonacci Retracements

On the 15-minute chart, the key 38.2% and 61.8% retracement levels were identified between 1.827–1.868. The price appears to be consolidating around the 38.2% retracement level (1.83–1.835), indicating potential for a pullback to 1.85–1.86. On the daily chart, the key Fibonacci levels are aligned with the 1.83–1.85 and 1.86–1.87 levels.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions upon a breakout above the 1.84–1.85 Fibonacci retracement level, with a stop-loss below 1.82. A short bias could be initiated with a breakdown below 1.815, with a target at 1.80–1.79. This aligns with the current price action and supports the use of RSI and volume confirmation as entry filters.