Market Overview for Jito/Tether (JTOUSDT) on 2025-10-12

• Jito/Tether (JTOUSDT) fell to 1.024 before a late rally to close at 1.044
• RSI showed oversold conditions before momentum reversed
• Volatility surged in early hours, peaking at 1.125 before consolidating
• Volume spiked at 1.079 with high notional turnover
• Bollinger Bands indicated a contraction before a breakout

The Jito/Tether (JTOUSDT) pair opened at 1.102 on 2025-10-11 at 16:00 ET and dropped sharply to 1.024 before a strong late session rebound. The 24-hour period closed at 1.044, with a high of 1.138 and a low of 1.024. Total volume amounted to 3,614,259.6 units, and notional turnover reached approximately 3,767,220.22 USD.

The 15-minute chart reveals several key structures and patterns. A bearish engulfing pattern formed early in the session, followed by a bullish reversal later in the day. Strong support emerged at the 1.024–1.026 level, coinciding with the 38.2% Fibonacci retracement of the earlier 1.102–1.138 move. Resistance levels are now at 1.055 and 1.079, with the latter showing a significant volume spike and a potential turning point in sentiment. The price has remained above the 20-period and 50-period moving averages, suggesting short-term bullish bias.

MACD lines showed divergence early in the session but crossed back above the signal line ahead of the late rally. RSI hit oversold levels at 1.024 before bouncing, confirming a potential reversal. Bollinger Bands contracted sharply in the mid-session before a breakout to the upside. The price closed near the upper band, indicating heightened volatility and a potential continuation pattern. Notable divergence between price and volume was observed at 1.079, with volume spiking while price consolidation occurred.

Fibonacci retracements highlight the 1.024–1.026 level as a critical support zone, and 1.055 and 1.079 as strong resistance levels. On the daily timeframe, the 50-period moving average is key for long-term direction, while the 200-period line remains a critical long-term trend indicator. The current price is above all major moving averages, suggesting a continuation of the short-term bullish trend, albeit with caution warranted around 1.079.

Backtest Hypothesis
The backtesting strategy involves entering a long position on JTOUSDT when price closes above the 50-period moving average and RSI is above 40, indicating a potential bullish reversal after an oversold condition. A stop-loss is placed below the 20-period moving average, and a take-profit is set at the next Fibonacci resistance level. A short trade is initiated when price closes below the 50-period moving average and RSI crosses above 70, indicating overbought conditions. This approach aims to capture momentum-driven swings while minimizing exposure during consolidation phases.