Market Overview for Jito/Tether USDt (JTOUSDT) – 24-Hour Technical Summary

• Price declined from 1.852 to 1.812, with key support at 1.812 and resistance at 1.834.
• Strong bearish momentum observed on RSI, with oversold conditions reached in early ET hours.
• Volatility expanded during the upward retracement, confirming price rejection at 1.847.
• Volume surged during the 1.851–1.856 peak and again during the 1.82–1.812 decline, signaling distribution and accumulation.
• A bearish engulfing pattern formed at 1.846–1.833, followed by a potential bullish reversal at 1.812–1.817.

Jito/Tether USDt (JTOUSDT) opened at 1.841 on 2025-09-05 at 12:00 ET and closed at 1.817 on 2025-09-06 at 12:00 ET, with a high of 1.857 and a low of 1.812. Total volume over the 24-hour period was 543,548.0, and notional turnover reached 965,290.2. The pair experienced a bearish trend, with a bearish engulfing pattern at 1.846–1.833 followed by a potential reversal at 1.812–1.817.

Structure & Formations

JTOUSDT exhibited a bearish trend, with the 1.847 level acting as a key resistance and 1.812 as a strong support. A bearish engulfing pattern formed on the 15-minute chart at 01:15 ET, confirming a shift in sentiment. Later, a potential bullish reversal appeared at 1.812–1.817, indicating a possible short-term bottom. The 1.827–1.815 consolidation area suggests a possible continuation pattern, while the 1.847 level appears to be a psychological and technical ceiling.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below price during the late-night hours, reinforcing bearish momentum. On the daily chart, the 50-period MA is positioned below the 100-period and 200-period MAs, indicating a bearish bias for the larger timeframe. JTOUSDT is currently below all major moving averages, suggesting a continuation of the downtrend may be likely.

MACD & RSI

The RSI declined sharply, reaching oversold territory at 30 during the 10:15 ET hour, before rebounding slightly. The MACD turned negative and remained below the signal line throughout the session, confirming bearish momentum. A potential divergence in RSI could hint at a short-term bounce, but the MACD remains bearish, increasing the likelihood of further downside.

Bollinger Bands

Bollinger Bands expanded as JTOUSDT moved between 1.852 and 1.812, showing increased volatility. Price tested the upper band at 1.857 and the lower band at 1.812, suggesting the market was operating at the extremes of the current volatility envelope. A reversal at the lower band may indicate short-term support, but the trend appears to remain intact for the time being.

Volume & Turnover

Volume surged during the 1.851–1.856 peak and again during the 1.82–1.812 decline, signaling strong participation. Notional turnover mirrored the volume spikes, showing that the price moves were supported by sufficient liquidity. The divergence between price and volume at 1.846–1.833 was a bearish signal, while the increase in volume at 1.812–1.817 may suggest a short-term bottom is in place.

Fibonacci Retracements

Fibonacci levels were evident in the 1.857–1.812 move, with the 61.8% retracement at 1.833 acting as a strong resistance. The 38.2% retracement at 1.827 was also a key level, where price found support and consolidation. These levels suggest that 1.833 is a likely resistance target for any short-term bounce, while 1.812 remains a key support to watch.

Backtest Hypothesis

Given the bearish engulfing pattern at 1.846–1.833 and the subsequent consolidation at 1.827–1.815, a potential backtesting strategy could involve entering short positions with a stop above the 1.847 resistance and a target at 1.812. A long entry at 1.812–1.817, confirmed by a bullish reversal and RSI divergence, could also be tested with a stop below 1.810 and a target at 1.833. This approach would leverage both momentum and reversal signals from the candlestick patterns and technical indicators discussed above.