JUVUSDC Market Overview for 2025-11-07

Summary
• Price opened at $0.733 and closed at $0.752 after a $0.029 range.
• Volume spiked at 780.27 near 20:15 ET, while turnover remained low.
• No clear reversal patterns formed, but a bullish breakout attempt emerged.

Juventus Fan Token/USDC (JUVUSDC) opened at $0.733 on 2025-11-06 at 12:00 ET and closed at $0.752 as of 2025-11-07 at 12:00 ET, with a high of $0.768 and a low of $0.733 over the 24-hour period. Total traded volume amounted to 1,259.99 tokens, while notional turnover reached $949.15, suggesting a mixed mix of accumulation and distribution.

Structure and formations over the 15-minute chart revealed a key support at $0.733 and resistance at $0.768. A bullish breakout attempt was seen around 18:45 ET, where a large bullish candle engulfed the prior range, forming a Bullish Engulfing pattern. This pattern, if confirmed, could indicate a reversal from a downtrend into a potential rally. However, price failed to hold above $0.768, closing at $0.753 the following session and suggesting hesitation from buyers.

The 20-period and 50-period moving averages on the 15-minute chart crossed over twice, forming a bullish crossover around 20:15 ET, which coincided with the largest volume spike. The 50-period MA sits at $0.743 and 20-period MA at $0.741, both below current levels. On the daily chart, the 50-period and 200-period MAs are aligned below price, suggesting a longer-term bullish tilt.

The MACD indicator showed a small bullish crossover in the late evening, with a positive histogram, indicating short-term momentum. RSI peaked at 52 and remained in neutral territory, avoiding overbought or oversold conditions. Bollinger Bands showed a mild contraction early in the morning followed by an expansion, with price closing near the middle band, suggesting moderate volatility. Price remains within the bands but shows no clear overextension.

Volume and turnover were generally low throughout the day, with the exception of a large 15-minute volume spike of 780.27 at 20:15 ET. This was followed by a modest rally to $0.755 but failed to attract follow-through buying, hinting at potential distribution pressure. The price action and volume show mixed signals, with price rising on higher volume but failing to confirm a strong bullish bias.

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.733 to $0.768, price closed near the 61.8% level ($0.755), suggesting a key area to monitor for potential bounce or rejection. On the daily chart, a similar 61.8% retracement level sits just below current price, indicating a possible area of interest for the next 24 hours.

The market may see a continuation of the consolidation pattern as traders assess the strength of the recent breakout attempt. A test of the $0.755–$0.768 range could trigger a short-term reversal or a push higher if buyers return. However, a breakdown below $0.752 may indicate a return to testing the 0.733–0.739 support zone. Investors should remain cautious and watch for volume confirmation on any directional move.

Backtest Hypothesis
The “Bullish Engulfing” pattern identified at 18:45 ET appears as a candidate for further testing. This pattern, if confirmed on a more robust volume base, could be used as a signal for a 1-day holding-period strategy. However, due to the ambiguity of the JUVUSDC ticker across exchanges, the backtest data could not be retrieved at this time. To proceed, the exact symbol and exchange need to be confirmed—such as JUV-USDT on Binance or JUV-USD on Coinbase. Once aligned, the backtest can be run from 2022-01-01 to assess the pattern's historical performance in similar conditions.