Market Overview for Juventus Fan Token/USDC (JUVUSDC) - 2025-11-13

Summary
• JUVUSDC opens at $0.753 and closes near $0.746 after a volatile 24-hour period.
• Strong bearish momentum with high volume near $0.751 and a significant rally to $0.789.
• Volatility and volume surge in the early morning hours suggest short-term speculative activity.

The Juventus Fan Token/USDC pair (JUVUSDC) opened at $0.753 on 2025-11-12 at 12:00 ET and closed at $0.746 by 12:00 ET on 2025-11-13. The 24-hour high was $0.789 and the low was $0.74. Total trading volume reached approximately 5,550.65 units, with a notional turnover of roughly $4,225.70. The price action reflects a bearish bias amid mixed volume and sharp price swings.

The 15-minute chart shows a complex bearish trend, with a sharp correction from $0.789 to $0.741, followed by a brief consolidation phase before a small rebound. Key support levels appear to be forming around $0.745–$0.75, while resistance is evident near $0.76 and $0.789. A notable pattern is the bearish engulfing formation around the $0.751–$0.741 range, suggesting exhaustion of short-term bullish momentum.

The 20-period and 50-period moving averages on the 15-minute chart are closely aligned, confirming a sideways to bearish bias. On the daily chart, the 50, 100, and 200-period moving averages remain untested within the current session range. The MACD histogram shows bearish momentum, with the line dipping below the signal line. RSI has cooled from overbought levels earlier in the day to neutral territory, indicating a potential pause in the downtrend.

Bollinger Bands show a moderate expansion, with the price moving above the upper band during the early morning rally to $0.789 before retreating. The contraction that followed suggests reduced volatility and potential consolidation. Volume surged during the rally but dropped significantly after the peak, raising concerns about conviction behind the bullish move. Divergence between price and volume implies traders may be cautious about further downside or a strong rebound.

Fibonacci retracements from the swing high at $0.789 to the swing low at $0.741 highlight key levels. The 38.2% retracement at $0.767 and 61.8% at $0.755 appear to have provided temporary resistance. The 78.9% level at $0.775 may act as a psychological barrier if the price attempts a reversal. These levels can be used to assess potential short-term turning points.

Backtest Hypothesis
To evaluate the effectiveness of a Bullish Engulfing strategy for JUVUSDC, a precise exit rule at the 0.789 resistance level is required. This could be defined as a Fibonacci retracement level (78.9% of the most recent swing from the engulfing pattern low), a fixed price target (i.e., sell when price ≥ $0.789), or a predefined resistance level. Once this is confirmed, the backtest can extract entry and exit points to calculate returns, drawdowns, and risk-reward ratios for a period starting from 2022-01-01 to 2025-11-13. The strategy will be refined using the RSI, MACD, and volume data described above to validate signal strength and trend sustainability.