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Summary
• Price action formed a bearish reversal pattern around 2.90 after a sharp 5-minute rally.
• RSI signaled overbought levels mid-day, followed by a steep decline.
• Volatility expanded in the early hours, with high turnover near 2.82.
• Bollinger Bands show price is currently testing the lower band, indicating bearish pressure.
• Volume spiked during the 20:30–21:00 ET range, coinciding with the 2.902 price level.
Vana/USDC (VANAUSDC) opened at 2.855 on 2025-12-10 12:00 ET, hit a high of 2.928, and closed at 2.757 on 2025-12-11 12:00 ET, with a low of 2.712. Total volume was 6,015.71, and turnover amounted to approximately 16,609.24
over the 24-hour period.Structure & Formations
Price formed a bearish reversal pattern near 2.90, where a bullish 5-minute candle was followed by a bearish engulfing pattern. The asset then broke below a key support level at 2.871, reinforcing the bearish bias. A doji appeared at 2.866, suggesting indecision, followed by a sharp decline. Support is currently being tested at 2.75, with no strong resistance levels forming below 2.90 in the immediate 5-minute chart.
Moving Averages
On the 5-minute chart, price closed below both the 20-period and 50-period moving averages, confirming bearish momentum. The daily chart is not provided, but the current price trend suggests a possible shift from a bullish to a bearish bias over the past 24 hours.
MACD & RSI
The RSI peaked at overbought territory during the 19:15–20:30 ET rally, reaching 75, before declining rapidly to below 50. The MACD histogram showed a strong bearish divergence, with the price falling while the indicator remained neutral, suggesting weakening bullish momentum.
Bollinger Bands
Volatility increased significantly during the 20:30–21:00 ET session, with the bands widening. Price currently trades near the lower Bollinger band at 2.75, which may indicate oversold territory or a potential bounce point in the near term.
Volume & Turnover
Volume spiked during the 20:30–21:00 ET period, aligning with the 2.902 price level. Turnover also increased significantly during this time, supporting the bearish breakdown. Later in the session, turnover decreased as the asset settled into a consolidation phase between 2.78–2.75. A volume divergence was observed between the 19:15–20:30 ET and 22:15–00:15 ET periods, where declining prices coincided with lower volume, indicating weakening bearish pressure.
Fibonacci Retracements
A 5-minute swing high of 2.928 and a swing low of 2.712 suggest key Fibonacci levels at 2.841 (38.2%) and 2.779 (61.8%). The current price is approaching the 61.8% level, which may act as a short-term floor.

Over the next 24 hours, a bounce off 2.75 could test the 2.77–2.78 level. However, if bearish momentum continues, the 2.71–2.72 level may be the next target. Investors should remain cautious of potential follow-through selling if volume does not confirm any short-term bounces.
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