Market Overview for Juventus Fan Token/USDC (JUVUSDC) – 2025-10-10

• JUVUSDC dropped 0.72% over 24 hours, closing at 1.111 with a bearish close below its 24-hour high.
• A key support level was tested at 1.07–1.085, with increasing volume confirming the pullback.
• Volatility expanded in the second half, with a sharp 1.118 high driven by a large $18.7k USDC turnover spike.
• RSI hit oversold levels briefly before bouncing, suggesting potential near-term reversal.
• Bollinger Bands contracted in the first half, followed by a sharp expansion, indicating a break in range-bound trading.

Juventus Fan Token/USDC (JUVUSDC) opened at 1.115 on 2025-10-09 at 12:00 ET and closed at 1.111 24 hours later. The pair reached a high of 1.118 and a low of 1.07, with a total trading volume of 35,495.52 and a notional turnover of $38,274.86. The price action reveals a bearish momentum followed by a sharp rebound, particularly in the final hours.

Structure & Formations

The 24-hour OHLCV data reveals a distinct bearish trend in the early part of the session, characterized by a breakdown below 1.084, followed by a consolidation phase between 1.07 and 1.085. A key bullish reversal candle formed at 1545–1600 ET, with a long lower wick and a high volume spike of $18,742.33, suggesting aggressive buying. This appears to confirm a potential short-term bottoming process. Additionally, a 15-minute bullish engulfing pattern formed at 1415–1500 ET, reinforcing the idea of short-term bullish momentum. No major doji patterns were observed, but the overall structure suggests a potential consolidation phase ahead of a breakout.

Moving Averages and Momentum

Short-term moving averages (20/50-period) on the 15-minute chart indicate a recent crossover to a bullish bias, with the 50-period line crossing above the 20-period line near the end of the session. On the daily timeframe, the 50-period MA remains above the 100- and 200-period lines, suggesting an intermediate bullish bias. The MACD (12,26,9) turned positive near the end of the session, confirming a shift in momentum from bearish to bullish. The RSI reached oversold territory at 1.07 before rebounding, indicating potential for a near-term bounce.

Volatility and Turnover

Bollinger Bands contracted early in the session, between 16:00–19:15 ET, followed by a sharp expansion as the price moved from 1.07 to 1.118. Price closed near the upper band at 1.111, suggesting a potential overbought condition and risk of a pullback. The final 15-minute candle was driven by a massive $18.7k turnover, which could reflect a large institutional or strategic buy-in. The volume profile shows a clear divergence in the first half of the session, with low volume during the downtrend but rising sharply during the rebound.

Fibonacci Retracements

The most recent 15-minute swing (from 1.07 to 1.118) reached key Fibonacci levels: the 61.8% retracement at 1.111 coincided closely with the final close. This alignment suggests that the 1.111 level may act as a short-term resistance and possible area of profit-taking. On the daily chart, a larger swing from a prior high near 1.12 to a low near 1.07 sees the 61.8% retracement at 1.111, reinforcing this level's significance.

Backtest Hypothesis

Given the observed bearish breakdown followed by a strong rebound and key Fibonacci alignment, a potential backtest strategy could be to enter long on a bullish reversal candle pattern (e.g., bullish engulfing or hammer) forming near the 1.07–1.085 support zone, with a stop-loss placed below the 1.07 level and a target at the 61.8% retracement at 1.111. This setup would capitalize on both the price structure and the strong RSI rebound, while using the high-volume candle at the close as confirmation of accumulation.