JUVUSDC Market Overview for 2025-11-05

Summary
• JUVUSDC traded in a bearish range with a key support forming near 0.726.
• Volatility surged during the early part of the 24-hour window, followed by consolidation.
• No strong overbought or oversold conditions in RSI, suggesting neutral momentum.
• Volume spiked during the sharp drop, confirming bearish pressure.
• No bullish reversal patterns emerged, reinforcing a neutral to bearish bias.

The Juventus Fan Token/USDC (JUVUSDC) opened at 0.782 on 2025-11-04 at 12:00 ET and closed at 0.744 on 2025-11-05 at 12:00 ET, reaching a high of 0.782 and a low of 0.726. Total volume for the 24-hour period was 6,663.05, with notional turnover amounting to 4,922.34 (in USDC). Price action showed a clear bearish trajectory with a sharp correction from 0.782 to 0.726 during the early hours, followed by modest recovery toward 0.75 by the end of the 24-hour window.

Structure & Formations

JUVUSDC's candlestick pattern suggested bearish continuation. A bearish engulfing pattern emerged between 2025-11-04 17:15 and 17:30, confirming a shift in momentum. Key support levels appear near 0.726 and 0.75, while resistance remains at 0.766–0.782. A potential consolidation phase is forming between 0.744 and 0.75.

Moving Averages

On the 15-minute chart, the 20-period MA is bearishly aligned with the 50-period MA, indicating a short-term downtrend. Daily moving averages (50, 100, and 200) are not available for analysis in this dataset. However, the 15-minute trend suggests bearish continuation could be likely in the near term.

MACD & RSI

The MACD crossed below the signal line early in the 24-hour window, indicating bearish momentum. RSI remains within neutral territory, fluctuating between 40–50, with no signs of overbought or oversold conditions. This suggests that the pair may continue consolidating between key levels before a stronger directional move.

Bollinger Bands

Volatility expanded during the initial sell-off, with price falling below the lower Bollinger Band as low as 0.726. After this drop, volatility has stabilized, and price has moved into the middle band. This suggests a potential pause in the bearish momentum, with traders watching for signs of a rebound from the 0.726 support level.

Volume & Turnover

Volume spiked significantly during the initial drop from 0.782 to 0.726, with over 2,300 volume units transacted in a single 15-minute candle. This confirms bearish conviction. However, subsequent candles show lower volume, indicating reduced urgency in price action. No significant divergence between price and volume is observed, suggesting continuation of the current trend is probable.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 0.782 to 0.726, price has found temporary support near the 61.8% level at 0.744–0.75. If this level holds, a rebound toward 0.766 could be possible. Further breakdown below 0.726 may trigger another leg lower toward 0.712–0.705.

Backtest Hypothesis

To validate potential trading signals, a backtest using the Bearish-Engulfing pattern could be performed using a valid ticker. For example, if we were to analyze JUVUSDC for such patterns, a strategy could be built to detect and trade on these signals. Given the bearish nature of the pattern, it may offer profitable short-term opportunities. Once a valid ticker is confirmed, a 1-day holding backtest could be executed to evaluate average returns, hit rate, and drawdowns across multiple occurrences since 2022.