All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- A crypto analyst identifies JUV token’s bullish potential with a projected 2,350% gain, supported by technical analysis and rising volume.
- Technical indicators like RSI and MACD show bullish divergences, signaling trend reversal and accumulation at low prices for JUV.
A new post on TradingView by popular crypto analyst Alan Santana identifies a potential bullish chance for the Juventus Fan Token (JUV). Santana notes that JUV reached a bear-market bottom in May 2022, therefore defining a crucial price range that provided years of long-term support.
But this level was violated in July 2024, producing what Santana calls a “long-term rounded bottom.” JUV has returned to this vital support level as of last week (December 2, 2024), therefore indicating a move into bullish area.
Santana Highlights Bullish Divergences and 2,348% Growth Potential for JUV
Santana forecasts an approaching significant bullish wave by aggregating several signs. Pointing to increased trade volume, moving averages, and oscillator signals like RSI and MACD—all displaying bullish divergences—he points.
These differences generally precede trend reversals, therefore strengthening the case for a possible comeback. Santana notes that once JUV stays above his long-term support level—which he labeled as the “black line” on his chart—the fans token becomes quite optimistic.
Furthermore, the growing volume points to more accumulation at cheap prices—a common trend before notable expansion.
Should the fans token achieve a new all-time high (ATH), Santana estimates a bullish wave of up to 2,348%, corresponding to a more than 24X return. He also sets shorter-term goals, including a 900% gain at $19, therefore supporting JUV as a low-risk, high-reward hold in the current state of affairs.
Meanwhile, JUV is swapped hands at about $1.92 at the time of writing, up 20.05% over the last 30 days. Reflecting increasing investor interest, this surge has raised its market cap over the $14 million mark.
On the other hand, another analyst has also pointed out another token ready for a notable increase. According to CNF, another well-known analyst has named GALA as a high-potential altcoin. Technical analysis shows that GALA is aiming for a price of $0.712, a 1,233% rise from its existing level.
