JUVUSDC Market Overview

• JUVUSDC dropped 7.1% over 24 hours, closing at 0.842 after a sharp selloff in the morning.
• Strong bearish momentum seen with RSI near oversold levels and declining volume.
• Price traded within a descending channel, with key support at 0.842 and resistance at 0.868.
• Volatility expanded during the selloff but has since stabilized as price consolidates.
• Fibonacci retracement levels highlight potential bounce levels at 0.858 and 0.868 for near-term traders.

The Juventus Fan Token/USDC (JUVUSDC) opened at 0.871 on 2025-10-27 at 12:00 ET and closed at 0.842 at the same time on 2025-10-28. The 24-hour high was 0.926, and the low was 0.83. Total volume traded over 15-minute candles was 5,438.27, with a notional turnover of approximately $4,675.39.

The structure of the chart over the last 24 hours reveals a strong bearish bias. After an early morning dip to 0.83, the price rebounded with a sharp move back toward 0.87–0.88 levels, forming a descending triangle pattern. Key support levels include 0.858 and 0.842, while resistance is currently at 0.868 and 0.876. A long lower shadow on the 05:45–06:00 ET candle (0.876 to 0.89) signals potential short-term resistance. A doji at 07:00 ET at 0.864 to 0.879 suggests a possible reversal is in the works but has yet to confirm.

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing the downward trend. The price remains below both, indicating short-term bearish momentum. On a daily basis, the 50, 100, and 200-period SMAs would likely be above current levels, supporting the bearish bias. The MACD line has been negative for most of the period, though it shows signs of bottoming out, which could hint at a potential reversal if bullish volume emerges.

The RSI has dipped into oversold territory, suggesting a possible bounce back to 0.858–0.862 in the near term, though the indicator has not yet triggered a reversal signal. Bollinger Bands have widened during the selloff but have since retracted, with price currently hovering near the lower band, indicating low volatility. Fibonacci retracements from the 0.83 to 0.926 move highlight key levels at 38.2% (0.866) and 61.8% (0.876), both of which could act as potential resistance or consolidation zones.

Volume has been mixed. The most active trading occurred between 05:45 and 06:00 ET, where the price gapped up from 0.876 to 0.918 on a large volume of 3,114.46, but then sold off sharply on even higher volume. Notional turnover spiked during this session, confirming the bearish reversal. Later, between 10:15 and 10:30 ET, price dropped to 0.83 on a large volume of 5,820.8, signaling significant bear pressure. However, recent volume has been lower and more stable, suggesting short-term consolidation.

The price may attempt a short-term rebound from the 0.842 support level, especially as RSI nears oversold territory. However, without a bullish volume surge or a break above 0.868, the bearish trend could continue. Investors should watch for a test of the 0.868–0.871 level before considering a reversal trade. A break below 0.842 would likely accelerate the downtrend.

Backtest Hypothesis
The provided MACD and RSI data for JUVUSDC could not be retrieved due to an unavailable or unrecognized symbol. To proceed with the backtest, the exact symbol and exchange—such as “JUV/USDC” on Binance—must be confirmed. Alternatively, if historical MACD Golden-Cross dates are provided, a direct event-based backtest could be run from 2022-01-01 to 2025-10-28. This would allow for a robust assessment of the effectiveness of the MACD Golden-Cross strategy in capturing bullish reversals on JUV/USDC. Without this data, the hypothesis remains untestable.