Market Overview for Jito/Tether (JTOUSDT) – 2025-10-25

• Jito/Tether (JTOUSDT) surged 3.2% in 24 hours, breaking above key resistance near 1.125.
• Volume increased steadily through the session, confirming strength in the rally.
• Momentum picked up in the early AM hours, with MACD and RSI showing positive divergence.
• Bollinger Bands widened in the afternoon, signaling growing volatility.
• A bullish engulfing pattern emerged near 1.122, suggesting potential continuation of the rally.

Jito/Tether (JTOUSDT) opened at 1.078 (12:00 ET – 1), reached a high of 1.145, a low of 1.110, and closed at 1.127 (12:00 ET). Total volume for the 24-hour window was 912,193.5, with notional turnover amounting to 983,543.8 USDT. The price advanced on rising volume and momentum indicators, indicating a strong bullish bias during the session.

The 15-minute OHLC data revealed a strong upward thrust after 03:00 ET, where the price broke above the 1.125 resistance level, a key Fibonacci retracement level of the previous 1.12–1.143 swing. The rally was supported by increasing volume and a narrowing Bollinger Band contraction before the breakout. A bullish engulfing pattern formed at 1.122, where a small bearish candle was followed by a large bullish candle, confirming a shift in control to buyers.

Moving averages on the 15-minute chart showed the price above both the 20 and 50-period lines, suggesting short-term strength. The daily chart placed the price above the 50, 100, and 200-day averages, indicating a broader bullish setup. RSI crossed above 50 and reached 62, showing positive momentum, though it remains below overbought territory. MACD turned positive and maintained upward slope, supporting a continuation of the rally.

Bollinger Bands expanded significantly in the late afternoon, reflecting increased volatility as the price pushed higher. The price closed near the upper band, which is a strong signal of upward bias. Divergence between price and volume was not evident—volume increased in tandem with the price action, validating the move. A 61.8% Fibonacci retracement level at 1.127 was reached, which could now act as a short-term support.

The backtest hypothesis is anchored in identifying “Bullish Engulfing” patterns as high-probability continuation setups. These patterns typically occur at key support levels or during pullbacks and signal a potential reversal in bearish momentum. Given the strong volume and price action during the session, the pattern observed at 1.122 could provide a high-confidence signal for a long entry. However, as noted earlier, a symbol or exchange mismatch in the data query is preventing the automatic retrieval of historical signal dates. This must be resolved to execute the backtest from 2022-01-01 to today. Options include verifying the symbol format, providing an alternate ticker, or supplying the pattern dates manually. Once resolved, the strategy will generate 5-day holding signals based on confirmed bullish engulfing setups.