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Summary
• Price declined from 0.46 to 0.436 on bearish momentum and increased volume.
• A bearish engulfing pattern formed near 0.456, suggesting bearish bias.
• RSI dropped into oversold territory, hinting at potential short-term reversal.
• Volatility expanded with a sharp drop below the 20-period moving average.
The Jito/Tether pair opened at 0.46 and closed at 0.436 after a 24-hour session marked by bearish pressure. The high reached 0.46, and the low fell to 0.425. Total volume amounted to 1,069,876.1 with a notional turnover of 460,817.89.
Structure & Formations
Price action suggests a breakdown from the 0.456–0.457 resistance level, confirmed by a bearish engulfing pattern. A doji appeared at 0.445, signaling indecision. A potential support zone may now form near 0.429–0.431, where price found a temporary floor.

Moving Averages
Short-term momentum appears bearish as price closed below the 20- and 50-period moving averages, both of which are trending downward. While the 50-period line remains above 0.44, the 20-period has dropped below 0.434, reinforcing a near-term bearish trend.
MACD & RSI
The RSI has dipped into oversold territory below 30, indicating potential short-term buying interest. MACD remained negative throughout the session, with bearish divergence as the histogram continued to contract.
Bollinger Bands
Volatility expanded sharply as price broke below the lower Bollinger Band, reaching as low as 0.425. This suggests a period of heightened bearish momentum. Price is likely to remain within the bands for the next 24 hours unless a large move develops.
Volume & Turnover
Volume increased significantly during the downward leg, particularly between 0.445 and 0.436, suggesting conviction in the bearish move. Notional turnover also rose in line with volume, confirming the price drop rather than showing divergence.
Fibonacci Retracements
A key swing from 0.46 to 0.425 places the 61.8% retracement at 0.440, which was briefly tested. Price appears to have broken below this level, suggesting a possible retest of the 50% retracement at 0.443 in the near term.
Forward-looking observation: Traders may watch for a bounce from the 0.429–0.431 support cluster or a continuation of the bearish trend. A break below 0.425 could open the door to further downside. Risk caveat: A strong reversal candle above 0.446 may signal a short-term rebound, but bearish momentum remains dominant for now.
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