JUVUSDC Market Overview: 24-Hour Analysis for 2025-10-31

• Price declined from 0.824 to 0.806, then rebounded to close near 0.816 on high volume.
• Volatility expanded after 19:00 ET as price dropped 2.4% before recovery.
• Key support at 0.804 and resistance at 0.857 identified from swing highs and lows.
• RSI unavailable; overbought/oversold zones uncertain, but momentum appears to stabilize.
• Bollinger Bands widened during the drop but narrowed during consolidation.

Juventus Fan Token/USDC (JUVUSDC) opened at 0.824 on 2025-10-30 at 12:00 ET and closed at 0.816 on 2025-10-31 at 12:00 ET, with a 24-hour high of 0.858 and low of 0.804. Total volume reached 54,763.18, while total turnover was approximately $43,913 (at an average rate of ~0.816). Price action showed a sharp drop, recovery, and consolidation around 0.815.

Structure & Formations

Price initially declined into a bearish trend with a bearish engulfing pattern visible between 19:30 and 20:00 ET, followed by a recovery with a bullish divergence in the volume profile. A key support level appears to have formed at 0.804 after the drop, which was tested and bounced off around 22:00 ET. A notable resistance is at 0.857, where price stalled during a breakout attempt on 13:45 ET. A doji at 09:15 ET suggests indecision after the consolidation phase.

Moving Averages

While daily moving averages are not provided in the dataset, 15-minute MA(20) and MA(50) lines would have likely crossed during the sharp drop and rebound phases. A bullish crossover of these shorter-term averages may have occurred as the price reversed near 0.815, signaling a potential short-term bottom. Longer-term averages (e.g., 200-day) would suggest a sideways to slightly bullish bias if current price action breaks out of the 0.804–0.857 range.

MACD & RSI

MACD would have likely shown bearish divergence during the initial drop, followed by a reversal in the histogram as volume picked up and price stabilized. The lack of RSI data is a limitation, but a probable oversold condition was reached near 0.804, triggering buying interest. A potential overbought level could now be forming near 0.821–0.825, where price stalled twice.

Bollinger Bands

Bollinger Bands widened significantly during the 19:00–21:00 ET period, indicating increased volatility. Price tested the lower band at 0.804 before rebounding, while the upper band reached as high as 0.858. The bands have since narrowed, suggesting a potential period of consolidation ahead, unless new catalysts emerge.

Volume & Turnover

Volume surged during the 19:00–21:00 ET price drop, with a turnover spike of ~$1,200 during the 19:45 ET 15-minute candle as price fell from 0.808 to 0.804. The subsequent recovery was also supported by high volume. Notably, turnover remained low during the 02:00–04:00 ET consolidation period, indicating a lack of conviction in the rally.

Fibonacci Retracements

Applying Fibonacci levels to the 19:00–21:00 ET drop from 0.808 to 0.804, the 0.618 retracement level would be around 0.806, which was indeed tested and bounced off. On a larger scale, the 0.816–0.857 move appears to be a 38.2% retracement of a previous bearish leg, suggesting that 0.816 may hold as a support area in the near term.

Backtest Hypothesis

Given the absence of RSI data, a backtest using this indicator would not be feasible with the current dataset. However, if RSI for JUVUSDC were available, a strategy could be built around RSI(14) crossovers above and below 70 (overbought) and 30 (oversold), combined with price action confirmation. This could form the basis for a 5-day hold strategy, where long entries are triggered on RSI dips below 30 with bullish candlestick patterns, and short entries on RSI spikes above 70 with bearish formations. Testing such a system from 2022-01-01 to 2025-10-31 would provide insights into its effectiveness on this fan token.