Summary
• VANAUSDC tested key support near $2.750 before rebounding on rising volume.
• Strong bullish momentum emerged post 21:00 ET with a 3.1% rally driven by large buy-side participation.
• Volatility remained elevated, with a 3.3% range and price hovering near the 20-period moving average.
• RSI entered overbought territory late morning, suggesting potential for near-term profit-taking.
• Bollinger Bands showed a moderate expansion, indicating a possible continuation of directional bias.
At 12:00 ET–1, Vana/USDC (VANAUSDC) opened at $2.770, touched a high of $2.873, and a low of $2.736 before closing at $2.824. Total volume for the 24-hour period was 4,974.56, with a notional turnover of $13,675.86.
Structure and Key Levels
Price action on the 5-minute chart formed a bullish reversal pattern near the $2.750 level, followed by a strong upward thrust that took the pair to a 24-hour high of $2.873. This move coincided with a breakout above the 20-period moving average, suggesting potential for further upside, though the 50-period line at $2.810 now acts as a critical support/resistance.
The daily chart shows VANAUSDC closing above its 50-day MA, reinforcing a positive bias.
Momentum and Sentiment
Momentum, as measured by the MACD, showed a bullish crossover early in the morning session and remained positive for most of the day. The RSI climbed into overbought territory (above 70) by 09:00 ET and remained elevated, suggesting potential for a pullback or consolidation phase.
Volatility and Bollinger Bands
Volatility expanded significantly during the morning and early afternoon, with the Bollinger Band width reaching its widest point of the day. Price remained within the upper band for much of the session, indicating a strong directional bias. A contraction in band width later in the day may hint at a potential reversal or continuation pattern.
Volume and Turnover
Volume spiked between 15:00–17:00 ET, coinciding with the strongest upward price move, where $2.864–$2.873 was tested. Notional turnover increased alongside price action, confirming the bullish sentiment. No major divergence between volume and price was observed.
Key Fibonacci Levels
A 38.2% Fibonacci retracement level at $2.793 was tested and held during the afternoon session, while the 61.8% level at $2.834 became a critical resistance in the final hours. A break above this could target the $2.885–$2.900 range.
Looking ahead, VANAUSDC appears to be in a constructive phase with clear bullish momentum and strong volume confirmation. However, overbought RSI and elevated volatility suggest a possible consolidation period or profit-taking in the near term. Investors should monitor the $2.810 level as a critical support for possible reversal or continuation.
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