Market Overview for Jito/Tether (JTOUSDT): A Volatile 24-Hour Range-Bound Move

• Jito/Tether (JTOUSDT) rose from $1.116 to $1.176, with a 24-hour high of $1.196 and a low of $1.107.
• A sharp midday rally pushed price past $1.18, but late selling pressure pulled it back toward $1.16.
• Volume expanded significantly during the upward move but weakened during the pullback, suggesting mixed conviction.
• A bearish divergence emerged between price and turnover in the last 3 hours, hinting at possible consolidation.
• Key support is forming near $1.16, with resistance above $1.18 and $1.195 needing to hold for further bullish momentum.

Jito/Tether (JTOUSDT) opened at $1.116 on 2025-10-12 at 12:00 ET and closed at $1.176 by 2025-10-13 at the same hour, trading as high as $1.196 and as low as $1.107. Total volume for the 24-hour period was 8,729,498.9, with a notional turnover of approximately $10,007,800 (based on trade size and price levels). The pair showed a clear attempt to break above $1.18 but failed to sustain momentum, suggesting a tug-of-war between bullish and bearish forces.

The 15-minute chart displayed a strong bullish bias between 17:00–18:30 ET, with a 7.1% rally to $1.193 followed by a pullback. A key support level appears to have formed around $1.16–$1.163, which held through multiple tests. The 20-period and 50-period EMAs were in a bullish crossover during the morning hours, but crossed back into a bearish configuration by the end of the session, indicating fading bullish momentum.

The 1.16–1.163 support zone is critical for near-term stability. A break below it would likely trigger a test of the 1.154–1.157 level, with 1.147–1.15 as a deeper target. On the upside, resistance remains at $1.18 and $1.193. A bullish breakout above $1.193 with increased volume could signal a new leg higher, while a bearish breakdown below $1.16 would likely see a retest of the 1.107–1.116 zone.

The 15-minute MACD showed a strong bullish divergence between 17:00–18:30 ET, confirming the upward thrust. However, RSI failed to follow through with a strong overbought signal, peaking at around 68 before retreating, suggesting the move was not fully confirmed by momentum. Bollinger Bands expanded during the rally, with the price briefly touching the upper band, while volatility contracted during the consolidation phase, pointing to a potential period of range trading ahead.

Backtest Hypothesis

Given the inability to fetch JTOUSDT’s RSI data, a backtest strategy would need to be manually adapted. A potential approach could involve using a 15-minute RSI(14) with fixed overbought (70) and oversold (30) thresholds based on the observed price behavior. For example, entering long positions on RSI crossing above 30 with a bullish engulfing pattern, and shorting on RSI crossing above 70 with bearish divergence. To proceed, a manual RSI calculation or a proxy from a similar altcoin could be used, depending on available data.