$JUV JUVENTUS TOKEN SURGES 32% ON TETHER INVESTMENT

Price increase: the JUV token has risen by 33.2% following the news of a possible purchase by Tether.

Main catalyst: Tether has made a binding all-cash offer to acquire a controlling stake in the Juventus football club.

Technical analysis: The bullish momentum is confirmed by a positive MACD and an RSI of 60, with the 7-day exponential moving average crossing above the 25-day one.

Market situation

The Juventus Fan Token (JUV) is currently priced at $0.839, showing a significant increase of 33.2% in the last 24 hours.

The trading volume has exploded, reaching $42.4 million, with a 400% increase, reflecting strong market interest.

The market capitalization of the token has risen to about $11.9 million, placing it at 964th in the crypto market.

Main factors of the increase

The main catalyst is Tether's binding offer, all in cash, to acquire a controlling stake of 65.4% of the Juventus football club from the shareholder Exor.

The proposal includes a commitment to invest an additional €1 billion for the long-term development of the club after the acquisition.

This potential meeting between a major crypto company and a leading sports club has generated strong speculative interest in the JUV token.

However, a source linked to Exor has stated that the club is not for sale, creating uncertainty regarding the final outcome of the deal.

Technical analysis

JUV has surpassed the previous resistance, with the next psychological level close to $1.00. The main support levels are around $0.815 and the pre-increase level of $0.66.

Bullish signals include the 7-day exponential moving average crossing above the 25-day one and a positive MACD histogram, confirming strong upward momentum.

The hourly RSI is at 60.17, showing strong buying pressure but not yet in extremely overbought territory, suggesting potential for further gains.

Traders should be wary of a possible "after the news" sell-off event if the acquisition fails. A stop-loss below the support level of $0.80 could help manage risk.

Risk warning

The acquisition is not yet definitive and presents uncertainties, as a source linked to Exor has stated that the club is not for sale. The rejection of the deal could cause a sharp correction downward.

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