Market Overview for Jito/Tether (JTOUSDT) – 24-Hour Summary (2025-09-18)

• Price surged from 1.81 to 2.063 before consolidating near 2.05.
• Momentum remained strong in early session, with RSI peaking near overbought.
• Volatility spiked midday as Bollinger Bands widened and volume surged.
• Downturn in late session saw volume dip, but turnover remained robust.
• Key support appears around 2.00–2.01; resistance at 2.05–2.06.

24-Hour Summary

At 12:00 ET–1 on 2025-09-18, Jito/Tether (JTOUSDT) opened at 1.81 and surged to a high of 2.063, with a low of 1.788 during the session. Price closed at 2.05 at 12:00 ET on 2025-09-18. The total volume over 24 hours was 11,766,624.0, and the turnover was $23,667,584.3 (calculated from OHLCV data). Price exhibited a strong upward bias in the early part of the session before entering consolidation in the late hours.

Structure & Formations

Price action revealed multiple key levels, with a notable breakout from a descending triangle pattern occurring around 19:45–20:15 ET on 2025-09-17. A strong bullish engulfing pattern was observed at the 20:00 candle (2.053–2.054), confirming a short-term reversal from bearish to bullish momentum. Around 12:00–13:00 ET, a series of doji and spinning top patterns signaled indecision. Key support appears to be forming between 2.00 and 2.01, with resistance at 2.05–2.06.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 20:45–21:15 ET, forming a potential golden cross. This reinforced the bullish bias in the mid-session. The 50-period MA was also above the 100- and 200-period MAs for the daily chart, suggesting a continuation of a longer-term bullish trend.

MACD & RSI

MACD showed a strong positive divergence in the early session, aligning with the price surge. RSI hit 75–80 at peak momentum, indicating overbought conditions around 20:00–21:00 ET. A bearish divergence began forming in the late session, suggesting a possible pullback. RSI has since pulled back into neutral territory, hovering around 50–55, which indicates a period of consolidation and potential for renewed direction.

Bollinger Bands

Bollinger Bands widened significantly during the upward move, indicating increased volatility. Price traded near the upper band for much of the session, especially between 20:00–21:00 ET. This suggests aggressive buying pressure. In the late session, price moved back toward the middle band, signaling a possible retracement or consolidation phase.

Volume & Turnover

Volume surged to a peak of over 948,457 at 22:30 ET, coinciding with a high of 2.063. Turnover increased sharply during this period, confirming the strength of the move. However, volume declined after 2:00 AM as the price pulled back, indicating weakening momentum. Divergence was noted between volume and price action in the early morning, with price falling while volume remained elevated, suggesting possible exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 1.788 to 2.063, the 61.8% retracement level is around 1.950–1.960, and the 50% level is at 1.925. These levels could serve as potential support during a pullback. On the daily chart, the 38.2% and 61.8% levels are at 1.920 and 1.835, respectively, which may offer key levels to watch in the coming days.

Backtest Hypothesis