Market Overview: Vanar Chain/USDC (VANRYUSDC)

• The 24-hour trading session for VANRYUSDC ended with a close near the open at $0.0141, reflecting a relatively range-bound session.
• Price action was constrained between $0.0138–$0.0149, showing a lack of directional momentum with no clear breakout attempts.
• A notable volume spike occurred at $0.0144–$0.0149 during the 7:30–8:15 AM ET window, which coincided with a sharp rally and a potential accumulation phase.
• RSI hovered in the mid-range, indicating neither overbought nor oversold conditions, but low volatility could persist.
• The total traded volume was 11.8 million units, with a notional turnover of approximately $164,000, signaling modest but consistent participation.

Price Action and Session Summary

Vanar Chain/USDC (VANRYUSDC) opened at $0.0141 on 2025-11-01 12:00 ET, having closed at the same level the previous day. The pair reached an intraday high of $0.0149 before retreating to a low of $0.0138, ending the 24-hour session at $0.0141. Over the course of the session, 11.8 million units were traded, with a total notional turnover of $164,000, reflecting moderate but steady activity.

Structure & Formations

The 15-minute chart displayed a relatively flat price profile, with minimal breakouts and no strong directional bias. A key support level emerged at $0.0141, where the price tested the level multiple times and found buying interest. On the upside, resistance at $0.0144 and $0.0147–$0.0149 was observed, particularly during the 7:30–8:15 AM ET window, where a sharp rally occurred. Notable candlestick patterns included a bullish engulfing pattern at $0.0144, and a bearish doji at $0.0142, both signaling indecision in the market.

Moving Averages and Momentum

Short-term moving averages (20/50-period) remained relatively flat, suggesting a continuation of the sideways consolidation. The 20-period MA hovered just below the 50-period MA, but the gap remained minimal, indicating no clear bias. MACD showed a small positive divergence at the session’s peak but returned to neutral territory, suggesting waning momentum. RSI remained in the 40–55 range for most of the session, indicating neither overbought nor oversold conditions. This suggests the pair may continue to trade in a tight range for the near term.

Bollinger Bands and Volatility

Volatility was relatively compressed throughout the session, with price action consistently trading within the Bollinger Bands. The upper band expanded slightly during the early morning rally, with price reaching $0.0149 before retreating. The narrow band width during the early part of the session suggested low volatility and a lack of conviction in directional moves. The closing price ended just below the mid-band, indicating no clear bias and a potential continuation of the range-bound pattern.

Volume and Turnover Analysis

Trading volume was moderate, peaking at 1.286 million units during the 7:30–8:00 AM ET period, which coincided with the sharp upward move. This increase in volume, paired with a price rally, suggests a potential accumulation phase. However, the volume tailed off after this period, indicating diminished follow-through. Notional turnover mirrored this pattern, with the largest spike occurring during the 8:00–8:15 AM ET window. Price and turnover remained aligned, showing no divergences that would suggest bearish exhaustion or bullish conviction.

Fibonacci Retracements and Key Levels

Fibonacci retracement levels were applied to the recent intraday swing from $0.0138–$0.0149. The 38.2% retracement level (~$0.0144) and 61.8% level (~$0.0141) acted as key psychological levels during the session. The price found support at the 61.8% level, which coincided with the session’s closing price, suggesting that this level may hold in the near term. On the upside, the 38.2% level could serve as a potential resistance if bullish momentum returns.

Backtest Hypothesis

Given the recent range-bound behavior and the absence of a clear breakout, a backtest hypothesis could be constructed using RSI as a momentum filter. For example, one could test a strategy that enters long positions when RSI(14) drops below 30 (oversold territory) and holds for 5 days before exiting. This approach may have been profitable during past periods of consolidation, as oversold conditions often precede short-term rebounds. However, with RSI currently in the mid-range and no clear overbought/oversold signals, the strategy may remain inactive for the next few sessions. To implement this strategy, valid historical RSI data and OHLCV for VANRYUSDC is required, as noted in the additional text.