The formula is only applicable on values for $n\geq 2$.
I know that the sequence is monotonic with a lower bound at $\frac 1 2$, but I am unsure how to find the supremum of the sequence.
EDIT: $x_2 = \frac 1 2, x_3 = \frac 3 4, x_4 = \frac 5 8$. Does that mean that this sequence is only recursive and not monotonic?
$$2x_n=x_{n-1}+x_{n-2}$$ Lets assume it's geometric, $x_n=q^n$ $$2q^n=q^{n-1}+q^{n-2}$$ $$2q^2-q-1=0$$ $q_1=1$ and $q_2=-0.5$
Lets find the linear combination $$x_n=\alpha q_1^n+\beta q_2^n$$ that satisifies $x_1$ and $x_0$ $$\alpha q_1^0 +\beta q_2^0 = 0$$ $$\alpha q_1^1 +\beta q_2^1 = 1$$ When substituting $q_1$ and $q_2$ and $\beta=-\alpha$ we get: $$\alpha +\frac{\alpha}{2} = 1$$ $$\alpha=\frac{2}{3}$$ And the solution is $$x_n=\frac{2}{3}-\frac{2}{3}(-\frac{1}{2})^n$$