Market Overview: Jito/Tether (JTOUSDT) 24-Hour Candlestick Summary

• Jito/Tether (JTOUSDT) closed 0.931 on 2025-11-01 after opening at 0.907; 24-hour high of 0.94 and low of 0.875 noted.
• Price saw a strong rebound from 0.875–0.905, indicating potential short-term support in this range.
• Total volume traded was 1,273,285.1 and turnover was 1,180,056.59; volume surged during the 0.915–0.94 rally.
• RSI showed overbought conditions near 0.94 but pulled back, signaling possible exhaustion in the upside.
• A bullish breakout over 0.94 may face resistance near 0.945–0.95, while a pullback to 0.905–0.915 could offer a re-entry opportunity.

Jito/Tether (JTOUSDT) opened at 0.907 on 2025-10-31 at 12:00 ET and closed at 0.931 on 2025-11-01 at 12:00 ET, reaching an intraday high of 0.94 and a low of 0.875. Total volume over the 24-hour window amounted to 1,273,285.1, with notional turnover at 1,180,056.59. The price demonstrated strong short-term momentum with a defined low at 0.875 and a subsequent rebound into the overbought range before consolidating around 0.931.

Structure & Formations

The 15-minute chart showed a notable bullish reversal pattern forming from the 0.875 low, with a strong rebound into the 0.915–0.94 range. A series of bullish engulfing patterns appeared between 18:00 and 03:00 ET, confirming the short-term strength. A key support level appears to be forming around 0.905–0.915, as evidenced by a bullish consolidation after the overbought RSI peak. On the daily scale, the 0.90–0.92 range could serve as a critical support zone in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed positively during the 19:00–00:00 ET window, reinforcing the bullish sentiment. The price remained above the 50-period MA for most of the session. On the daily chart, the 50-period MA appears to be slightly below the current price, suggesting that the trend is still in favor of the bulls, with the 100- and 200-period MAs forming a potential convergence zone around 0.91–0.92.

MACD & RSI

The MACD turned positive early in the session and remained above zero until the final hours, indicating sustained bullish momentum. The RSI reached overbought territory near 0.94 but pulled back toward 65 by the end of the period, suggesting a possible pause in the upward move. A reversal under 0.915 may push the RSI toward oversold conditions, potentially signaling a short-term bottom.

Bollinger Bands

Price action showed a moderate expansion in the Bollinger Bands during the 0.875–0.94 rally, with the close at 0.931 placing the price near the upper band. The volatility contraction seen during the 0.915–0.932 consolidation could indicate a potential breakout attempt. If the price holds above 0.925, the upper band may begin to act as dynamic support.

Volume & Turnover

The highest volume spikes occurred during the 0.915–0.94 rally, with the most active 15-minute periods at 03:00–03:30 ET and 15:00–15:30 ET. Notional turnover also increased in alignment with these price moves, suggesting participation from institutional and large-cap investors. The divergence between volume and price during the 0.925–0.932 consolidation indicates a potential tug-of-war between buyers and sellers.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.875–0.94 move, key levels include 0.913 (38.2%), 0.922 (50%), and 0.929 (61.8%). Price consolidation near 0.931 suggests that the 61.8% retracement level may now act as support. On the daily chart, a larger retracement from a prior low could see critical resistance near 0.945–0.95 and support at 0.90–0.92, aligning with the 15-minute chart’s key levels.

Backtest Hypothesis

Given the presence of bullish engulfing patterns and a strong rebound from the 0.875 low, a backtest of a 24-hour holding strategy could be constructed based on these signals. The 0.915–0.94 rally provided multiple entry points where a long position taken on confirmation of a bullish reversal pattern would have yielded positive returns. A backtest using these candlestick formations as triggers—paired with stop-loss levels at 0.905 and take-profit at 0.94—could confirm the robustness of the pattern-based approach in this market environment.