Juventus Fan Token Price Prediction 2021 – Will JUV Hit $50 Soon?
- Bullish JUV price prediction ranges from $17.52 to $43.14.
- The JUV price might also reach $50.
- JUV bearish market price prediction for 2021 is $9.25.
In JUV price prediction 2021, we use statistics, price patterns, ADX, and much other information about JUV to analyze the future movement of the cryptocurrency.
The Juventus Fan Token (JUV) is a utility-based token that provides Juventus fans a tokenized influence share on club decisions utilizing the Socios application and services. Moreover, the token works as a membership key that enables users to compete for rewards, club recognition, and many more. More so, the JUV token holders could vote through smart contracts on various ‘fan decision’ polls released by Juventus.
Furthermore, Juventus is bound contractually in order to work as per the poll results. Even more, the token holders could interact with the Socios platform polls, participating in contests and quizzes, connecting/chatting with like-minded individuals, and get rewards.
Current Market Status of Juventus Fan Token (JUV)
According to CoinMarketCap, the price of Juventus Fan Token is $12.55 with a 24-hour trading volume of $10,131,722 at the time of writing. In fact, JUV dropped to 6.21% in the last 24 hours.
Moreover, JUV has a circulating supply of 1,315,932.00 JUV coins. Currently, JUV trades in cryptocurrency exchanges such as Binance, Upbit, HitBTC, ZT, and BKEX.
Juventus Fan Token (JUV) Price Prediction 2021
Juventus Fan Token (JUV) holds the 815th position on CoinMarketCap right now. JUV price prediction 2021 explained below with a daily time frame.
The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The descending triangle pattern is the reverse of the ascending triangle pattern.
As the price continues to make lower lows, descending triangles indicate to investors and traders that buyers are less aggressive than sellers. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern, traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, JUV is trading at $12.5. After this, JUV may continue to fall or rise according to the direction of the breakout. With this pattern, JUV might reach the resistance level at $28.15 soon. If the trend reverses, then the price of JUV may fall to $13.10.
Juventus Fan Token (JUV) Support and Resistance Level
The below chart shows the support and resistance level of Juventus Fan Token (JUV).
From the above chart, it is observed that the following are the resistance and support levels of JUV.
- Resistance Level 1 – $17.52
- Resistance Level 2 – $24.83
- Resistance Level 3 – $43.14
- Support Level 1 – $13.10
- Support Level 2 – $9.25
- Support Level 3 – $6.24
The chart depicts the bearish performance of JUV over the previous month. Moreover, JUV will follow a bullish pattern and will rise to $43.14. On the contrary, if the trend reversed then JUV might fall to $9.25 presenting a bearish signal.
Juventus Fan Token (JUV) Average Directional Index (ADX)
Let us now look at JUV’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).
Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it frequently combined with directional indicators.
The above chart represents the ADX of JUV lies in the range at 54.55, so it indicates a strong trend.
Conclusion
The JUV is one of the cryptos which is great for long-term investment. In addition, JUV price prediction is bullish for a short-term. It has a good chance of reaching $24.83 within the end of this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the JUV ecosystem, the performance of JUV would rise reaching $43.14 very soon. But, it might also reach $50 if the investors believe that JUV is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. The NewsCrypto team encourages all to do their own research before investing.
The post has appeared first on thenewscrypto.com
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
