JUVUSDC Consolidates Near 0.563 as Momentum Fades

Summary
• JUVUSDC consolidates in a descending channel with potential support at 0.563.
• High volume and turnover surge observed during the 18:30–20:45 ET window.
• Momentum slows with RSI below 50 and MACD flattening, signaling possible bearish continuation.

Market Overview

Juventus Fan Token/USDC (JUVUSDC) opened at 0.575 on 2026-02-06 at 12:00 ET, touched a high of 0.585, a low of 0.560, and closed at 0.563 on 2026-02-07 at 12:00 ET. Total 24-hour volume reached 13,278.43 with a notional turnover of approximately 7,548.75 USDC.

Structure & Moving Averages

The price action formed a descending channel, with 0.563 acting as a key support level. A large bearish engulfing candle at 18:30 ET confirmed downward pressure. The 20-period 5-minute EMA remained below the 50-period line, reinforcing bearish bias. Daily 50-period and 200-period MAs are yet to be confirmed due to limited daily data.

Momentum and Volatility

RSI has drifted below 50, and MACD appears to be flattening, which may indicate waning bearish momentum. Bollinger Bands expanded during the 18:30–20:45 ET window, aligning with increased volatility and significant price movement.

Volume and Turnover Divergence

Volume and turnover spiked during the 18:30–20:45 ET window, coinciding with a sharp drop from 0.585 to 0.563. However, little volume followed through after that, suggesting possible short-term exhaustion.

Fibonacci Retracements

The 5-minute chart shows a 0.563 level aligning with the 61.8% Fibonacci retracement from the 0.560 low to the 0.585 high. This suggests a potential short-term support level.

The price may consolidate near 0.563–0.568 in the next 24 hours, with a risk of breaking below 0.560 if volume picks up again. Investors should remain cautious and watch for a potential reversal candle near key support levels.