OKX List Fan Token, BAR and JUV Prices May Increase Sharply At the End of October
The prices of FC Barcelona Fan Token (BAR) and Juventus Fan Token (JUV) both bounced off important support zones and showed bullish signals. They are expected to surge strongly by the end of October.
Recently, the OKX exchange has been attracting funds as tokens listed on OKX have created short-term trends. With Big Time (BIGTIME) surging 34 times, initiating a gamefi trend, and Wall Street Memes (WSM) surging 4 times, creating a meme trend.
Today, OKX announced that they will list Tottenham Hotspur FC Fan Token (SPURS) at 10:00am Oct 26 (UTC). This is likely to trigger a Fan Token trend at the end of October. Particularly, the Fan Tokens price have undergone a prolonged accumulation period and are currently very close to their support levels.
BAR price analysis
The price of FC Barcelona Fan Token (BAR) has rebounded from the long-term support level at $2 and broken above a descending resistance line formed since the local high at $3.1 on August 7. This is a bullish signal indicating the correction phase has ended, and a new uptrend might occur.
The daily RSI (Relative Strength Index) has formed a significant bullish divergence and surged above the 50 level. This indicates that the bulls have gained control.
If a price surge occurs, the BAR price could rise to the significant horizontal resistance at $3.1 (40.47%) and higher to $3.5 (64%).
JUV price analysis
The price of Juventus Fan Token (JUV) has bounced back from the crucial support level at $1.9 on October 20.
An important point to note is that JUV’s trading volume has surged significantly over the 5 trading days, including on October 4, 5, 6, 10, and 11 (green ellipse). Increasing trading volume near the support level is a sign of whale accumulation.
The daily RSI has formed a significant bullish divergence and surged above the 50 level, supporting the potential recovery.
Therefore, the JUV price is likely to experience strong fluctuations (increase) when the recovery phase takes place.
Potential targets are $2.4 (21.95%), $3 (50%), and $3.9 (100%).
Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice.
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