Here’s a detailed technical breakdown and short-term analysis for JTO/USDT Perpetual

📊 $JTO

/USDT Overview

Last Price: $2.0883

Mark Price: $2.0880

24h Change: -3.89% 🔻

24h High / Low: $2.4903 / $2.0874

24h Vol (JTO): 63.61M

24h Vol (USDT): $146.14M

Recent Volume (15m): 67,343

MA(5): 218,771

MA(10): 276,717

---

🔍 Key Price Levels

Type Price Notes

Support $2.0874 Local low; fragile support

$2.0744 Next downside support

$2.00 Psychological round number

Resistance $2.1316 Near-term bounce level

$2.1887 MA zone resistance

$2.3030 Mid-range recovery cap

$2.4903 Daily high; breakout target

---

📉 Trend & Momentum

Indicator Status Implication

Trend: Bearish Price broke down to daily low

Price Action: Testing support Slight wick under daily low

MAs: MA(5) < MA(10) Bearish crossover

Volume: Medium-High Still active; not extreme yet

---

📌 Key Observations

Price has touched the daily low ($2.0874) and is struggling to rebound — suggesting lack of buyer strength.

Failure to hold this area could lead to a flush toward $2.00 or $1.95 zone.

MA pressure is overhead, and resistance sits densely between $2.13 – $2.30.

---

🧭 Trade Scenarios

🟥 Bearish Breakdown (Likely if $2.0874 breaks cleanly)

Trigger: Sustained close below $2.085

Targets: $2.05 → $2.00 → $1.95

Stop Loss (for shorts): $2.135

Confirmation: High sell volume + BTC weakness

🟩 Bullish Rebound (Low probability short-term)

Trigger: Reclaim of $2.19 with strength

Targets: $2.30 → $2.48

Stop Loss (for longs): $2.07

Needs: Momentum shift + broader market support

---

💡 Summary

Sentiment: Bearish bias

Price Position: At or just above key support

Recommendation:

Avoid long entries unless $2.19 is reclaimed.

Possible scalp short if $2.085 fails — tight stop at $2.13.

Watch overall market (esp. BTC) for correlation.

#JTO🔥🔥🔥 #JTOusdt #OneBigBeautifulBill #REX-OSPREYSolanaETF #Write2Earn