Summary
• Price formed bearish engulfing patterns at 0.452 and 0.448, signaling short-term weakness.
• Volume surged during the 19:30–20:30 ET rally to 0.458 but failed to confirm bullish momentum.
• RSI and MACD showed bearish divergence as price declined after 22:00 ET, suggesting momentum exhaustion.
• Bollinger Bands widened after 20:30 ET as volatility spiked, followed by a contraction into the lower band.
• Fibonacci retracement of the 0.419–0.458 swing suggests potential support near 0.433 and resistance near 0.446.
Price and Volume ActivityJTOUSDT price chart showing a bearish engulfing pattern near 0.452 and 0.448, sharp decline after 22:00 ET, and a Bollinger Band expansion followed by contraction into the lower band. The chart highlights key Fibonacci levels at 0.433 and 0.446.
Jito/Tether (JTOUSDT) opened at 0.421 on 2025-12-10 at 12:00 ET and reached a high of 0.458 before closing at 0.399 on 2025-12-11 at 12:00 ET. The 24-hour low was 0.402. Total volume amounted to 6,660,720.4 units, with a turnover of approximately $2,693,381.
Key Technical Observations
The price formed a bearish engulfing pattern at 0.452 and 0.448, suggesting short-term selling pressure after a brief rally. The 0.458 high failed to hold, and price dropped below 0.440 over the next 5–6 hours. RSI and MACD showed bearish divergence during the downward move, especially after 22:00 ET, as price momentum weakened. Bollinger Bands widened during the 20:30–21:45 ET session and then contracted, indicating a potential consolidation phase.
Volatility and Pattern Implications
The 20-period moving average on the 5-minute chart crossed below the 50-period line, reinforcing bearish bias. On a daily basis, the 50-period moving average is currently above the 200-period line, suggesting a mixed picture. Volume spiked during the 0.458 high but was followed by a sharp decline, indicating a potential bear trap or exhaustion.
Fibonacci and Resistance Levels
Fibonacci retracements applied to the 0.419–0.458 swing suggest key support near 0.433 (38.2%) and potential resistance near 0.446 (61.8%). The 0.438–0.440 area appears to be consolidating as a short-term floor, but a break below 0.425 could expose deeper support levels.
Price may test the 0.417–0.420 range in the next 24 hours, and a break above 0.440 could trigger renewed short-term buying interest. However, the bearish momentum remains intact, and traders should remain cautious of potential downside volatility if key support levels fail.
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