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

Summary
• JUVUSDC opened at 0.791 and closed at 0.812, with a 24-hour high of 0.811 and a low of 0.783.
• Price formed a bullish reversal pattern after hitting a 24-hour low near 0.783 before recovering.
• Volume spiked significantly during the late trading hours, particularly around 04:45–05:00 ET.

The Juventus Fan Token/USDC (JUVUSDC) opened at 0.791 on 2025-11-10 at 12:00 ET and closed at 0.812 on 2025-11-11 at 12:00 ET. The 24-hour high and low were 0.811 and 0.783, respectively. Total volume amounted to 32,161.09, and the notional turnover was $25,525.93 (assuming USDC value at $1.00). The price action revealed key support near 0.783 and a potential breakout above 0.795 after consolidation.

Price structure over the 24-hour period showed a bearish pullback from 0.797 to 0.783, followed by a sharp rebound. A bullish engulfing pattern emerged around 20:45–21:00 ET and again at 04:45 ET, indicating strong buying pressure. The 20-period and 50-period moving averages on the 15-minute chart converged closely during the recovery phase, suggesting potential momentum alignment. The 50-period moving average on the daily chart likely supported the 0.79–0.80 region as a baseline.

Relative Strength Index (RSI) showed overbought conditions near 75 during the final 3–4 hours, especially after the 0.811 high, suggesting a potential pullback or consolidation phase. MACD (12,26,9) crossed above the signal line during the 05:00–06:00 ET period, reinforcing bullish momentum. Bollinger Bands reflected a contraction from 03:00–04:00 ET, followed by a price breakout toward the upper band, indicating renewed volatility and confidence.

Fibonacci retracement levels from the 0.783 to 0.811 swing suggest 0.794 (38.2%), 0.800 (50%), and 0.805 (61.8%) as potential zones of interest. Notably, price found support at the 61.8% level and pushed higher. Volume and turnover correlated with key price levels, particularly during the late-night and early-morning recovery phase. Divergences were not evident, and the price-volume relationship remained in sync.

The next 24 hours could see a test of 0.815–0.820 as a new overbought threshold. While the bullish setup is intact, traders should remain cautious about potential profit-taking or a short-term pullback to 0.795–0.800. Volatility remains elevated, and a continuation of the current trend would likely require strong volume confirmation.

Backtest Hypothesis

A backtest strategy based on the Bullish Engulfing candlestick pattern was attempted for the JUVUSDC pair, but the signal data was not available from the provider, likely due to limited liquidity or data coverage for this specific token pair. If we assume the availability of such patterns, a test could involve entering long positions on confirmation of the Bullish Engulfing pattern, holding for up to three days, and exiting on a defined stop-loss or take-profit. Given the recent pattern observed in the data—particularly the 20:45–21:00 and 04:45 ET candles—these could serve as proxies for backtesting if similar setups are identified in other high-volume pairs.