Market Overview for Vana/USDC (VANAUSDC) on 2025-11-09

Summary
• Price opened at 2.896 and closed at 2.924 after a 24-hour session with a high of 3.008 and a low of 2.828.
• Volatility increased significantly during the session, especially after 13:30 ET, as the price surged to a high of 3.008.
• Total volume was 21,145.31 and turnover was approximately $60,195.29, indicating active market participation.

Vana/USDC (VANAUSDC) opened at 2.896 on 2025-11-09 and closed at 2.924 after 24 hours, with a high of 3.008 and a low of 2.828. The total volume over the period was 21,145.31, and the notional turnover amounted to approximately $60,195.29. The market showed signs of strong bullish momentum following a sharp price rebound from the 2.828 support level, indicating potential buyer interest.

Structure & Formations

Price action formed a strong bullish recovery pattern following a test of the 2.828 support level. A bullish engulfing pattern emerged around 04:30 ET, followed by a continuation of upward momentum. The 2.924 level may serve as a short-term resistance, with a potential test of the 2.936–2.939 zone expected in the near term. A failed test of the 3.008 high could trigger a retracement to the 2.914–2.917 zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upwards, currently sitting at 2.908 and 2.914, respectively. The price is above both lines, indicating a strong bullish bias in the short term. On the daily chart, the 50, 100, and 200-period moving averages are expected to align in a bullish configuration, assuming current trends continue.

MACD & RSI

The MACD turned positive around 13:30 ET and remains in bullish territory with a strong histogram, suggesting increasing momentum. The RSI reached overbought territory (75–80) around 13:45 ET, indicating potential for a near-term pullback or consolidation. A drop below 50 could signal weakening momentum and a reversal risk.

Bollinger Bands

Price broke above the upper band at 3.008 around 13:30 ET, indicating a sharp expansion in volatility. The bands have widened significantly, reflecting heightened market expectations. Price currently sits near the upper band, which may act as a temporary ceiling. A move back into the channel or a retest of the lower band at 2.828 could provide further directional clarity.

Volume & Turnover

Volume spiked to 495.79 at 13:45 ET and remained strong in the 14:00–15:00 ET window, confirming bullish price action. Notional turnover also increased sharply during the same period, aligning with price moves and suggesting strong conviction. Divergence in volume and price is not currently observed, but caution is warranted if a breakout fails to maintain strong volume.

Fibonacci Retracements

Recent swings from the 2.828 low to the 3.008 high show key Fibonacci levels at 38.2% (2.933), 50.0% (2.914), and 61.8% (2.888). The 38.2% level appears to be acting as a minor resistance currently, with a potential for a pullback to test the 50.0% level. A break above 3.008 would suggest a test of the 3.025–3.032 extension levels.

Backtest Hypothesis

The provided backtesting strategy focuses on a 1-day holding period with price-based entries and exits. The strategy is implemented using closing prices and does not include a benchmark due to the limitations of the current back-test engine. A separate benchmark back-test would allow for direct performance comparison. The equity curve and risk metrics in the interactive dashboard can help validate the strategy’s robustness under current market conditions, particularly given the recent volatility observed in VANAUSDC.