JUVUSDC Market Overview

• JUVUSDC consolidates near key support at 0.851–0.858, with volume spikes during price tests
• Momentum weakens on RSI and MACD, suggesting potential overbought pullback
• Bollinger Bands narrow after 23:00 ET, hinting at potential breakout
• Turnover remains subdued despite price swings, raising divergence concerns
• 0.863–0.872 forms a recent pivot range with mixed bullish/bearish signals

Juventus Fan Token/USDC (JUVUSDC) opened at 0.851 on 2025-10-23 at 12:00 ET and reached a high of 0.872 by 19:45 ET before closing at 0.861 on 2025-10-24 at 12:00 ET. The pair traded in a range of 0.849–0.872 over the past 24 hours, with total volume of approximately 11,848.01 and total turnover of $10,176.54.

Structure & Formations
The 24-hour candlestick pattern shows a consolidation phase after an early breakout from 0.851–0.858. Key support levels at 0.851, 0.858, and 0.863 are frequently tested. A bearish harami appears at 0.858–0.863, followed by a bullish engulfing pattern at 0.863–0.866 around 00:15–02:15 ET, suggesting potential reversals. A doji forms at 0.861–0.863 near the end, indicating indecision.

Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages converge near 0.862–0.863, with price trading above both. This suggests short-term bullish momentum, though the flattening of the 50-period MA signals waning strength. On daily charts, 50- and 200-period MAs are still divergent, with price yet to close above the 200-day MA.

MACD & RSI
The MACD line crosses into positive territory but with a weak histogram, indicating waning bullish momentum. RSI peaks at 68–70 on 0.866–0.872, suggesting overbought conditions. A bearish divergence between price and RSI emerges as price reaches new highs while RSI fails to follow through, raising bearish risk.

Bollinger Bands
Volatility remains mixed, with bands contracting after 23:00 ET and expanding during the 19:00–20:30 ET rally. Price sits near the upper band at 0.872, suggesting overbought pressure, while the lower band stabilizes near 0.858. A contraction near 00:00–01:00 ET may precede a breakout.

Volume & Turnover
Volume spikes at 0.858–0.863 during 19:00–20:45 ET and 22:00–23:30 ET, confirming price action at key levels. However, turnover remains relatively low during these spikes, suggesting limited conviction in the moves. A divergence between price and turnover becomes apparent during the 22:15–22:30 ET drop.

Fibonacci Retracements
Applying Fibonacci levels to the 23:45–19:15 ET swing (0.854–0.872), key retracement levels at 61.8% (0.863) and 38.2% (0.866) align with recent consolidations. Price appears to test these levels multiple times without breaking through, suggesting strong psychological barriers.

Backtest Hypothesis
To validate the technical signals, a backtest strategy is proposed: entries occur on bullish engulfing patterns near 0.863–0.866, with exits triggered on a close below 0.851. A static stop at 0.851 is assumed, with zero transaction costs. Confirming the exact symbol format (e.g., “JUVUSDC.BINANCE”) and exit rules will enable a precise backtest from 2022-01-01 to 2025-10-24, evaluating performance with visual analytics.