Technical Analysis on JTO/USDT:
The JTO/USDT pair is displaying a notable downtrend on the 30-minute chart, with the price currently at 2.339 USDT, marking a 4.49% decline within the last 24 hours. This downtrend follows a recent high of 2.550 USDT, where a sharp rejection indicated a strong resistance zone, driving the price downward. As observed, JTO has now tested a key support level at 2.303 USDT, which held firm against the selling pressure, showing potential signs of buyer interest in this area. The current position above this support could suggest a temporary consolidation phase before the next decisive move.
The Exponential Moving Averages (EMA) reveal a bearish alignment, with the 7 EMA (yellow) trending below the 25 EMA (pink) and the 99 EMA (purple). This configuration emphasizes the ongoing selling momentum and suggests that any upward movement might face resistance. For JTO/USDT to demonstrate a bullish reversal, it would need to reclaim levels above the 25 EMA at approximately 2.379 USDT, which could encourage buyers
