Jito (JTO) is currently priced at $1.60, experiencing a 24-hour decline of approximately 2.88%. The price has oscillated between a high of $1.65 and a low of $1.57 within the same timeframe, indicating a daily trading range of 0.08%, reflecting low volatility.

Volume stands at nearly 39.5 million, translating to a volume-to-market cap ratio of 6.38%, suggesting a healthy trading activity relative to its market capitalization. However, the recent price action shows a downward trend over the past week and month, with 7-day and 30-day price changes of -2.03% and -12.41%, respectively, indicating bearish momentum.

The hourly moving averages present mixed signals; the 8 SMA and 13 SMA show slight upward movements of 0.35% and 0.57%, respectively, while the 21 SMA, 55 SMA, and 144 SMA indicate declines, suggesting weakening bullish momentum at higher timeframes. The 1-hour RSI is neutral at 52, while the 7-day RSI at 47 indicates potential oversold conditions, but not yet at extreme levels.

Given the current technical indicators, the price is hovering around its short-term moving averages, with a lack of strong bullish momentum and an overall bearish trend in the longer term. The fact that JTO is trading significantly below its all-time high of $6.01 further supports the notion that the asset is underperforming.

In conclusion, while there are some short-term signals that could indicate potential stabilization or minor recovery, the overall trend is negative. Therefore, the recommendation for Jito (JTO) is to Hold, as further analysis is warranted before entering a position given the prevailing bearish sentiment.