Juve is the biggest club in Italy, and is expected to win the championship in the upcoming season. We predict that their investor club will hit the $50 mark if the team does well in the league. (Read Prediction)
Juventus Fan Token (JUV) is a cryptocurrency that has been gaining a lot of attention recently as it has recently been rebranded as the Juventus Fan Token (JFT). The JFT is now a separate ERC20 token from the original JUV, and now has a new name, team, and team logo. The JFT has now been renamed as JuveCoin (JUCO). Will the JUCO and the original JUV (JUV) merge and become the JuveCoin (JUCO)? Will JUV hit $50 soon? ** This post will be updated as we go along **
This prediction will be based on my fundamental analysis and the information and data I have gathered about Juventus and their Fan Token. I will predict future value of JUV by looking at things like the team’s achievements and the economic and political factors affecting the team and their fan base.
- The range of bullish JUV price predictions is $17.52 to $43.14.
- The JUV pricing may rise to $50.
- For 2021, the JUV bearish market price prediction is $9.25.
We utilize data, price trends, ADX, and other information about JUV to evaluate the cryptocurrency’s future movement in JUV price forecast 2021.
The Juventus Fan Token (JUV) is a utility token that gives Juventus supporters a tokenized stake in club decisions when they use the Socios app and services. Furthermore, the token functions as a membership key, allowing users to compete for prizes, club recognition, and other benefits. Furthermore, JUV token holders may vote on different ‘fan decision’ polls published by Juventus through smart contracts.
Furthermore, Juventus is legally obligated to operate in accordance with the poll findings. Furthermore, token holders may participate in polls on the Socios platform, enter competitions and quizzes, connect/chat with like-minded people, and get prizes.
Juventus Fan Token’s Current Market Situation (JUV)
At the time of writing, the price of Juventus Fan Token was $12.55 on CoinMarketCap, with a 24-hour trading volume of $10,131,722. In fact, in the past 24 hours, JUV has fallen to 6.21 percent.
Furthermore, there are 1,315,932.00 JUV coins in circulation. JUV is currently traded on Binance, Upbit, HitBTC, ZT, and BKEX, among other cryptocurrency exchanges.
Price Prediction for Juventus Fan Token (JUV) in 2021
On CoinMarketCap, Juventus Fan Token (JUV) is now ranked 815th. The price of JUV in 2021 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern in JUV/USDT (Source: TradingView)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. The counterpart of the ascending triangle pattern is the falling triangle pattern.
Descending triangles signal to investors and traders that buying are less aggressive than sellers as the market continues to hit lower lows. A descending triangle may be bullish or negative, contrary to common perception. A bearish chart pattern that is formed by a consistent descending triangle formation. On the other side, a descending triangle pattern may be bullish.
JUV is now trading at $12.5. Following that, JUV may continue to decline or climb, depending on the breakout’s direction. With this pattern, JUV may soon hit the $28.15 resistance level. If the trend continues, the price of JUV may drop to $13.10.
Support and Resistance Levels for Juventus Fan Token (JUV)
The chart below shows the degree of support and resistance for Juventus Fan Token (JUV).
Support and Resistance Levels for JUV/USDT (Source: TradingView)
The following are the resistance and support levels of JUV, as shown in the preceding chart.
- $17.52 is the first level of resistance.
- $24.83 is the second level of resistance.
- $43.14 is the third level of resistance.
- $13.10 for Level 1 Support
- Level 2 Support – $9.25
- Level 3 Support – $6.24
JUV’s negative performance during the preceding month is shown in the chart. Furthermore, JUV will climb to $43.14 in a bullish trend. If the trend were to reverse, JUV might fall below $9.25, indicating a negative indication.
Average Directional Index for Juventus Fan Token (JUV) (ADX)
Let’s have a look at the Average Directional Index of JUV (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of JUV is in the region of 54.55 in the preceding chart, indicating a strong trend.
The JUV is a cryptocurrency that is ideal for long-term investment. Furthermore, the JUV price forecast is positive in the near run. Its chances of hitting $24.83 before the end of the year are excellent. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the JUV ecosystem, JUV’s performance is expected to increase to $43.14 in the near future. However, if investors think JUV is a solid investment in 2021, it might hit $50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, the NewsCrypto staff advises everyone to conduct their own research.
A few weeks ago I published my Juventus Fan Token (JUV) price prediction for the end of the year. I predicted that the token will hit $50 (a 5x increase) around the end of December. I felt confident in my prediction because I know how the Juventus fans and the team work. I’ve been a Juventus fan since I was a kid and like many others I’m a big supporter of the team and the club. I’ve been a loyal supporter for over a decade and I’ve seen the ups and downs of the club, so I do know how it feels to support the team.. Read more about juventus token and let us know what you think.
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