Market Overview for Jito/Tether (JTOUSDT) – October 8, 2025

• JTOUSDT rose 1.7% in 24 hours, closing at 1.601 after a bullish breakout from 1.596 resistance.
• Strong volume expansion occurred during the 08:15–10:45 ET window, confirming the price action.
• RSI surged into overbought territory at 72, suggesting potential near-term consolidation.
• Bollinger Bands show moderate volatility with price near the upper band.
• A bullish engulfing pattern formed at 1.59–1.60, reinforcing short-term upside momentum.

Market Summary

Jito/Tether (JTOUSDT) opened at 1.572 on October 7 at 12:00 ET, surged to a high of 1.616, and closed at 1.601 at 12:00 ET October 8. Total volume over 24 hours was 1,082,991.8, while notional turnover reached approximately $1,738,650 (based on average price of ~$1.606). The pair showed clear signs of momentum building from the overnight session, with a breakout from key support and resistance levels.

The 15-minute chart displayed a strong bullish trend with a breakout above a descending resistance trendline at 1.59–1.60. The breakout was confirmed by a bullish engulfing candle on October 8 at 08:15 ET and followed by a rapid push to 1.616. Price action appears to be driven by increased accumulation, especially between 08:00–10:45 ET, as shown by higher-than-average volume and turnover.

Moving Averages and Patterns

The 20-period and 50-period moving averages on the 15-minute chart were aligned bullish, with price above both, reinforcing the upward bias. No bearish divergences were observed. Notable patterns include a bullish engulfing pattern at 1.59–1.60 and a potential bearish reversal pattern forming at 1.605–1.606. A 61.8% Fibonacci retracement level at 1.609 could serve as near-term resistance.

Momentum and Volatility

MACD crossed into positive territory with a widening histogram, indicating strong bullish momentum. RSI reached 72 during the session, suggesting potential for a pullback. Bollinger Bands expanded during the morning session, with price touching the upper band at 1.616, indicating high volatility. The upper band now sits at 1.615, while the lower band is at 1.595, narrowing the mid-range volatility band.

Volume showed a marked increase starting at 08:00 ET, with the largest single 15-minute volume spike at 08:45 ET (11,593.4). Price and volume were well-aligned, with no divergence observed. Turnover increased in tandem, reaching peaks above $200,000 during the breakout phase.

Fibonacci and Backtest Setup

The 61.8% Fibonacci retracement level at 1.609 appears critical for the next 24 hours. If price consolidates here, a pullback to 1.595–1.597 may follow. The 38.2% level at 1.604 is the immediate support, followed by the 1.602 level.

Backtest Hypothesis
A potential backtest strategy could involve a long entry at the close of a bullish engulfing pattern, with a stop just below the pattern's low and a target at the 61.8% Fibonacci level. This approach assumes that the breakout is confirmed by strong volume and a close above the upper Bollinger Band. A trailing stop could be added as price advances beyond the initial target.

Outlook and Risk Note

Looking ahead, JTOUSDT may consolidate near 1.604–1.609 before deciding its next move. The key risks include a pullback below 1.595 or a failure to hold above 1.604. Investors should monitor volume and momentum indicators for signs of exhaustion or continuation.