Summary
• Price surged from 0.75 to 0.803, forming a bullish engulfing pattern on the 5-minute chart.
• Volatility expanded significantly, with high volume confirming the upward move.
• RSI reached overbought territory, suggesting potential for a consolidation phase.
Juventus Fan Token/USDC (JUVUSDC) opened at 0.75 on 2026-01-15 at 12:00 ET and surged to an intraday high of 0.814 before closing at 0.803 on 2026-01-16 at 12:00 ET, with a low of 0.75. Total volume for the 24-hour period was 24,838.95, and notional turnover reached 19,473.86 USDC.
Structure & Formations
Price action revealed strong support at 0.75, with a bullish breakout above 0.77. A significant 5-minute bullish engulfing pattern appeared around 05:45–06:00 ET, suggesting buying momentum. A large bullish candle at 05:45 ET confirmed a shift in sentiment.
Moving Averages
On the 5-minute chart, the 20- and 50-period moving averages are converging upward, supporting the rally. While no daily moving averages are provided, the price action appears to align with a longer-term bullish bias.
MACD & RSI
The MACD turned positive with a strong histogram expansion during the breakout, confirming bullish momentum. RSI reached 72–75 on the 5-minute chart, indicating overbought conditions and potential for a near-term pullback.
Bollinger Bands
Volatility expanded after a contraction period earlier in the day, with price closing near the upper Bollinger Band. This suggests increased bullish energy, but could also lead to a short-term retracement.
Volume & Turnover
Volume spiked dramatically during the 05:45–06:00 ET surge, confirming the price move. Notional turnover mirrored the volume, showing no divergence. A period of low volume in the early hours failed to prevent a strong reversal.
Fibonacci Retracements
The 0.75 level acted as a key support, with price rebounding sharply and reaching 61.8% and 78.6% retracement levels before the final leg higher. Further gains may face resistance near 0.814, the high of the recent swing.
Price appears to have broken key resistance and may consolidate in the coming hours. Traders should watch for a potential pullback to
the 0.765–0.77 level before the next leg up. As always, a sharp volume divergence or bearish reversal pattern could indicate a reversal in sentiment.
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