Market Overview for Juventus Fan Token/USDC (JUVUSDC) — 2025-11-01

• JUVUSDC opened at 0.85 and closed at 0.846 after a volatile 24-hour session with a high of 0.884 and low of 0.833.
• Key resistance appears near 0.85–0.855 while support is forming at 0.835–0.84.
• Volume spiked during the midday rebound, reaching 9,670.7, confirming intraday strength.
• Momentum indicators suggest a pullback, with RSI hovering near neutral territory.
• Volatility expanded during the early morning before contracting as price stabilized.

24-Hour Price and Volume Snapshot

The Juventus Fan Token/USDC (JUVUSDC) opened at 0.85 at 12:00 ET − 1, peaked at 0.884, and closed at 0.846 by 12:00 ET today. The pair traded between 0.833 and 0.884 during the 24-hour period, with a total volume of 59,309.28 and turnover amounting to 48,027.8 USDC. A sharp rebound in volume occurred between 17:15 ET and 17:30 ET, followed by a consolidation phase in the early morning.

Structure & Formations

The 15-minute OHLC data reveals a bearish divergence in the latter half of the session, where price action formed a higher high but with declining volume. A key resistance zone appears at 0.85–0.855, where the price repeatedly failed to hold above. On the flip side, support is forming around 0.835–0.84, with a cluster of tight-range candles indicating a possible floor. A notable bearish engulfing pattern appears between 19:30 ET and 20:30 ET, suggesting a short-term bearish bias.

Moving Averages and Volatility

A 20-period and 50-period moving average on the 15-minute chart would currently cross below the price, indicating a short-term downtrend. The Bollinger Bands expanded in the early hours due to a spike in volatility, with the price trading near the lower band, suggesting oversold conditions. This may indicate a potential rebound from the 0.835 support level, but further volume confirmation will be key.

MACD & RSI Momentum

The MACD has been trending lower throughout the session with a bearish crossover, reinforcing the downward momentum. RSI remains in the 40–50 range, indicating a neutral to slightly oversold condition without a clear reversal signal. This may suggest the market is consolidating ahead of the next move, possibly with a test of the 0.835–0.84 support cluster.

Fibonacci Retracements and Backtesting Implications

Applying Fibonacci to the recent 0.884 high and 0.833 low, key retracement levels sit at 0.857 (38.2%) and 0.847 (61.8%), both of which were tested during the session. A successful retest and hold of the 0.847 level could offer a potential short-term bottom. These levels are crucial for any backtesting strategy relying on price reaction to Fibonacci clusters.

Backtest Hypothesis

A backtest could be designed to capture price reactions to Fibonacci retracement levels (38.2% and 61.8%) in conjunction with candlestick patterns like the bearish engulfing formation and volume divergence. By applying the 20/50 moving average crossover and RSI levels as entry confirmation, the strategy could target a 3-day holding period. This approach would be particularly relevant for testing across similar low-cap fan tokens or benchmarked against the HOLD.P ETF, if confirmed as a suitable benchmark.