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Summary
• Price opened at $0.496 and closed at $0.475, with notable bearish divergence observed during midday.
• Key support levels were tested at $0.472–$0.474, with a sharp decline in late evening hours.
• High volume consolidation below $0.480 suggests potential for further downside in the near term.
• RSI and MACD indicate bearish momentum with no immediate signs of reversal.
• Volatility expanded midday before compressing, signaling a potential break below key levels.
Jito/Tether (JTOUSDT) opened at $0.496 on 2026-01-04 12:00 ET and closed at $0.475 by 12:00 ET on 2026-01-05, with a high of $0.496 and low of $0.467. Total volume was 1.695 million JTO, with a notional turnover of $81,740.
Structure & Moving Averages
Price action shows a breakdown from the 5-minute 20-period and 50-period moving averages, confirming bearish momentum. On the daily chart, the 50-period MA is being approached as critical support, with the 200-period MA acting as a key psychological level for further downside risk. A breakdown below $0.474 could trigger a test of the next Fibonacci level at 61.8% retracement (~$0.465).
MACD & RSI
MACD remains in negative territory with bearish divergence, suggesting sustained selling pressure. RSI dropped below 30 in late afternoon trading, indicating oversold conditions, but without a strong reversal candlestick pattern, this may not signal a bottom. A potential bounce from this level could face immediate resistance at the $0.477–0.479 range.

Bollinger Bands & Volatility
Volatility expanded significantly in the midday hours as price broke through the upper Bollinger band, followed by a sharp contraction into the lower band by late evening. This compression could precede a breakout attempt from the consolidation range. Current price is near the lower band, reinforcing bearish bias.
Volume & Turnover
Volume spiked during the late afternoon sell-off, particularly as price dropped below $0.480, confirming bearish sentiment. Turnover aligned with the volume increase, with no signs of divergence between price and turnover. The largest single 5-minute volume spike occurred at 14:00 ET with 169,543 JTO traded, coinciding with a 0.472 close.
Fibonacci Retracements
A key 5-minute swing from $0.496 to $0.467 has established 38.2% at $0.476 and 61.8% at $0.469. Daily Fibonacci levels from recent highs are reinforcing bearish pressure, with a potential target near $0.465 if support at $0.472 is broken.
Looking ahead,
may test $0.470–0.472 for possible short-term stability or break lower to $0.465. Investors should remain cautious as volatility remains elevated and bearish momentum intact. A reversal above $0.480 could reinvigorate buyers, but without clear confirmation, the near-term outlook remains bearish.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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