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Summary
• VANAUSDC formed a bullish engulfing pattern near $2.613, followed by a steady advance to $2.674.
• Price briefly tested a key resistance at $2.669, consolidating above earlier support-turned-resistance.
• Volume surged during the $2.66–$2.674 rally, confirming strength, but faded afterward.
At 12:00 ET − 1, Vana/USDC opened at $2.614, reached a high of $2.674, and closed at $2.673 by 12:00 ET, with a low of $2.613. Total volume was 3,012.18 and notional turnover was $7,942.95 over 24 hours.
Structure & Formations
The 5-minute chart revealed a bullish engulfing pattern at $2.613, where price reversed higher.

Moving Averages and Bollinger Bands
On the 5-minute timeframe, price closed above both 20 and 50-period moving averages, indicating a short-term uptrend. Bollinger Bands showed a moderate expansion during the $2.66–$2.674 advance, with price holding within the upper band, suggesting elevated volatility.
Momentum and Volatility
The RSI moved into overbought territory, peaking around 75, indicating short-term strength. MACD lines remained positive, reinforcing bullish momentum. Volume spiked during the $2.66–$2.674 rally, confirming the move, though it has since cooled, suggesting a possible pause ahead.
Volume and Turnover Signals
Turnover increased sharply during the early morning rally, especially between $2.66 and $2.674. Price and turnover aligned well during the move, indicating strong conviction from buyers. However, recent volume has slowed, raising the possibility of consolidation before a next directional move.
Forward Outlook and Risk
VANAUSDC appears to have broken out of a key consolidation area, with support now at $2.643 and resistance at $2.669–$2.674. A close above $2.674 could signal further upside, but a pullback to
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