Market Overview for Jito/Tether (JTOUSDT) on 2025-11-11

Summary
• JTOUSDT traded in a 24-hour range of 0.742–0.843, closing near 0.755 after a midday pullback.
• Strong volume surges occurred during the 19:45–20:00 ET and 06:15–06:30 ET sessions.
• Momentum indicators show bearish divergence after a short-term overbought RSI peak.
• Price is consolidating near key Fibonacci 61.8% support level on the 15-minute chart.

Opening Narrative

Jito/Tether (JTOUSDT) opened at 0.779 on 2025-11-10 at 12:00 ET, reached a high of 0.843, a low of 0.742, and closed at 0.755 on 2025-11-11 at 12:00 ET. Total volume across the 24-hour period was 11,500,465.2, with notional turnover amounting to 8,988,746.8.

Structure & Formations

Price action revealed a bearish reversal pattern during the 19:45–20:00 ET session, with a high-volume candle closing near the session low. A strong resistance level was identified at 0.817–0.823, and key support was found at 0.766–0.755. A long lower wick during the 06:15–06:30 ET session confirmed bearish pressure. A doji-like pattern at 0.776–0.779 suggested indecision, but failed to trigger a reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing the downward trend. On the daily chart, the 50-period MA crossed below the 200-period MA, signaling bearish momentum. The 100-period MA provided a medium-term resistance line at 0.787.

MACD & RSI

MACD turned bearish in the late afternoon, with the histogram contracting after a brief overbought phase. RSI peaked at 68, indicating overbought conditions before a sharp decline. By the end of the session, RSI had settled in the 44–46 range, signaling moderate bearish momentum. Divergence between price and RSI suggests potential for further downside in the short term.

Bollinger Bands

Volatility expanded significantly between 19:45 and 20:00 ET, with a large candle breaking the upper band. Following this, volatility contracted until early morning, suggesting a potential consolidation phase. Price has remained near the lower band in the final hours, hinting at oversold conditions.

Volume & Turnover

Volume spiked during the 19:45–20:00 ET and 06:15–06:30 ET sessions, coinciding with sharp price declines. Notional turnover during these sessions totaled 575,000 and 142,000, respectively. A divergence between rising volume and falling price in the afternoon supports the bearish bias.

Fibonacci Retracements

Recent 15-minute swings indicate price is consolidating near the 61.8% Fibonacci retracement level at 0.755. Daily moves suggest a 38.2% retracement level at 0.795 is forming as a medium-term resistance. A breakdown below 0.742 could trigger the 100% level at 0.738.

Backtest Hypothesis

A potential backtest strategy could utilize a short bias when price closes below the 50-period MA on the 15-minute chart and RSI enters the 40–50 range. A stop-loss above the 61.8% Fibonacci level at 0.755 and a target at 0.742–0.738 could be considered. Given recent divergence and volume patterns, this approach aligns with the bearish momentum observed in the final hours.