JTO Technical Analysis Feb 24
The post JTO Technical Analysis Feb 24 appeared on BitcoinEthereumNews.com.
JTO is stabilizing around $0.28 with limited movements within the general downtrend, as bullish signals seen in MACD revive short-term recovery hopes; however, staying below EMA20 and Supertrend resistance continue the bearish pressure. Executive Summary JTO’s technical chart shows mixed signals under the dominant downtrend: Price remains below $0.28 level and EMA20 ($0.29), Supertrend gives bearish signal, and RSI at 45.60 is in neutral zone; however, positive development in MACD histogram indicates hidden bullish potential in momentum. Critical support at $0.2295 may be tested, resistance at $0.2965; Bitcoin’s downtrend creates pressure on altcoins, volume at $31.42M remains moderate – short-term long positions are risky, bearish scenario dominates. Market Structure and Trend Status Current Trend Analysis JTO is moving within a clear downtrend on 1D and higher timeframes. In the last 24 hours, a %0.92 decline led to limited consolidation in the $0.27-$0.28 range, but the overall structure continues bearish without higher high/lower low breakout. Supertrend indicator is in bearish mode, signaling $0.39 resistance and limiting upward movements, while price staying below EMA20 ($0.29) confirms short-term bearish momentum. Multi-timeframe analysis (1D/3D/1W) detects 5 strong levels, emphasizing structural weakness: Each timeframe has 1 support and 1 resistance balance, high risk of trend continuation without breakout. Structural Levels Main structural supports identified at $0.2295 (70/100 strength score), formed from recent swing lows and reinforced with volume support. Above it, minor support at $0.27, but break could open path to $0.20s. On resistance side, $0.2965 (74/100) forms confluence with EMA20; close above this level could give bullish reversal signal, but Supertrend sets strong ceiling at $0.39. In long-term structure, lower band of descending channel on 1W timeframe around $0.23 is critical – below here, major decline could be triggered. Technical Indicators Report Momentum Indicators RSI(14) at 45.60 is positioned in neutral zone; instead of…
Filed under: News - @ February 24, 2026 8:29 pm