Summary
•
shows a bullish breakout above 2.36 with a strong 2.371 high and confirmed resistance.
• Volume spikes overnight align with the 2.37–2.38 consolidation, validating recent price strength.
• RSI remains in overbought territory, signaling potential pullback but strong near-term momentum.
• Bollinger Bands have widened, reflecting increased volatility and possible continuation.
• A bullish engulfing pattern appears at 2.36–2.371, suggesting further upward pressure could follow.
At 12:00 ET on 2026-01-17, Vana/USDC (VANAUSDC) opened at 2.336, traded between 2.319 and 2.397, and closed at 2.395. Total 24-hour volume was 9,733.35, with a turnover of 23,462.02 USDC.
Structure & Formations
The price formed a strong bullish breakout pattern from the 2.36–2.37 range, with a key resistance at 2.371 being tested and cleared. A bullish engulfing pattern emerged near 2.36, followed by a strong close above 2.374, suggesting continued upward bias. A consolidation phase may occur near 2.379–2.383 as a new support level appears solidified.
Moving Averages
On the 5-minute chart, the 20SMA and 50SMA are both trending upward, confirming short-term bullish momentum. The price remains above both indicators, indicating strength. On the daily chart, the 50DMA and 200DMA show alignment, reinforcing a medium-term uptrend.
MACD & RSI
The MACD crossed above the signal line during the overnight surge, supporting the bullish move. RSI is currently in overbought territory, hinting at potential profit-taking or a consolidation phase ahead. However, sustained volume during the breakout suggests momentum may persist.
Bollinger Bands
Bollinger Bands have expanded significantly, reflecting increased volatility. The price closed near the upper band at 2.395, indicating strong momentum. A retest of the upper band may offer a key level to watch for continuation or reversal.
Volume & Turnover
Volume spiked overnight, particularly during the 05:00–06:00 ET period, coinciding with the 2.374–2.383 consolidation. Notional turnover also rose sharply, confirming the strength of the move. Divergence between price and volume was not observed, suggesting the move remains well-supported.
Fibonacci Retracements
Fibonacci retracement levels from the recent 2.319–2.371 swing show the current price near the 61.8% level at 2.367. The 78.6% level is at 2.392, which may act as a near-term target or consolidation point.
While the 24-hour trend remains firmly bullish, a pullback toward the 2.36–2.37 range could offer a consolidation opportunity. Investors should watch for signs of divergence in RSI and volume, as these could signal exhaustion or continuation. Maintain caution with aggressive leverage during high volatility.
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