$JTO JTO/USDT: DeFi Token in Freefall – Oversold Bounce or More Pain?
JTO is getting crushed today, nosediving **-7.77%** to **$1.97** as DeFi tokens bleed across the board. The RSI(6) at **27.61** screams oversold – but is this capitulation or a falling knife?
**Why The Carnage?**
- Solana DeFi sector getting wrecked
- "JTO" now jokingly called "Just Take Out" your stops
- Thin order book ($5.34M volume) exaggerating moves
**Critical Levels:**
- **Support:** $1.921 (24h low) – lose this and $1.85 is next
- **Resistance:** $1.994 (MA7) – must reclaim for recovery
**Technical Breakdown:**
- MACD deeply negative (**-0.003**) – bears in control
- Price below all key MAs (7/25/99-day)
- RSI(6) at **27.61** suggests potential bounce
**Prediction:**
If BTC stabilizes, JTO could dead-cat bounce to **$2.016**. But break **$1.921** and we're testing **$1.85** fast.
**How To Trade:**
- **Aggressive:** Small buys at $1.93 with stops at $1.91
- **Patient:** Wait for RSI >30 + MACD flip
- **Avoid:** Heavy positions until $1.994 breaks
Trade tiny – this illiquid gem moves violently!
#Write2Earn #JTO/USDT #DeFiCrash