Jito (JTO) is currently trading at $1.70, reflecting a 24-hour price change of -3.93%. The daily range has been relatively narrow, with a high of $1.79 and a low of $1.68, indicating limited volatility in the short term.

Trading volume over the past 24 hours stands at approximately 24.76 million, with a volume-to-market cap ratio of 3.96%. This suggests moderate trading activity but does not indicate a significant influx of new capital, which could drive price recovery.

The short-term moving averages present a mixed picture; the 8 and 13 SMA are slightly below the current price, while the 21, 55, and 144 SMAs are indicating a bearish trend. Specifically, the 55 SMA at $1.76 shows a decline of 3.16%, highlighting resistance levels that could impede upward momentum.

Technical indicators reveal an RSI of 47 on the hourly chart and 43 on the 7-day chart, both of which suggest the asset is approaching oversold territory. However, the 30-day price change of -12.95% indicates a more significant bearish trend, raising concerns about investor sentiment and potential further declines.

Given that the all-time high for Jito was $6.01 in December 2023, current prices reflect a significant drawdown of over 71%, suggesting that the asset may be undervalued if it can regain investor interest. Nevertheless, the negative price movements and RSI values indicate a lack of bullish momentum in the near term.

In conclusion, while Jito may present a long-term buying opportunity given its historical highs, the current technical indicators and recent price performance suggest a cautious approach is warranted. Therefore, the recommendation for Jito (JTO) is to Hold, as waiting for clearer signs of reversal or increased trading volume may provide a better entry point for bullish positions.