Market Overview: Vana/USDC (VANAUSDC) – 24-Hour Crypto Technical Report

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Saturday, Nov 8, 2025 8:03 pm ET2min read
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- VANAUSDC dropped 14.6% to $2.953, testing key support at $2.86–$2.92 with surging volume.

- RSI near 30 indicates oversold conditions, but bearish momentum and negative MACD reinforce downward pressure.

- Expanding Bollinger Bands after 21:00 ET highlight increased volatility, with potential further decline to $2.77 if support breaks.

- Traders should monitor RSI divergence and $2.92–$2.86 levels for potential reversals or continued bearish trends.

• VANAUSDC fell 14.6% over 24 hours to close at $2.953 from $3.46
• Key support tested near $2.86–$2.92, with volume surging during breakdown
• RSI suggests oversold conditions near 30, but
momentum
remains bearish
• Volatility increased sharply with expanding Bollinger Bands after 21:00 ET
• MACD remains negative with bearish crossover reinforcing downward pressure

Vana/USDC (VANAUSDC) opened at $3.078 at 12:00 ET–1 and closed at $2.953 at 12:00 ET, with a 24-hour high of $3.176 and low of $2.869. The pair recorded a total volume of 16,919.99 and notional turnover of $50,044.54. The price action shows a bearish trend across the 24-hour period with significant breakdown below key support levels.

Over the past 24 hours, VANAUSDC formed a bearish flag pattern between $3.06 and $3.17, which gave way to a strong breakdown after 21:00 ET. The breakdown coincided with a sharp increase in volume and a widening of Bollinger Bands, signaling heightened volatility. Key support levels at $2.92–$2.86 and resistance at $2.97–$3.03 were repeatedly tested with mixed results. A morning reversal failed to regain $3.05, and the RSI dropped below 30 at 08:00 ET, suggesting the price may be entering oversold territory, though momentum remains bearish.

The 20- and 50-period moving averages on the 15-minute chart remained below the price throughout the 24-hour period, reinforcing the bearish bias. MACD remained negative with a bearish crossover forming at 05:00 ET, adding to the downward pressure. In contrast, the 50-period EMA on the daily chart showed a slight flattening toward the end of the 24-hour window, hinting at potential consolidation ahead. However, given the current trajectory and volume distribution, a continuation of the downtrend into the next 24 hours appears more likely than a reversal.

Looking ahead, investors should closely monitor the $2.92–$2.86 support zone, as a breakdown could target the 61.8% Fibonacci level near $2.77. A rebound above $2.97 could trigger short-covering and test the 38.2% retracement at $3.03. Traders should also watch for divergence between price and RSI near the oversold threshold to identify potential turning points. The next 24 hours will be critical in determining whether this sell-off consolidates or continues into a deeper correction.

Backtest Hypothesis

The backtest strategy described involves using RSI levels to generate buy and sell signals, specifically targeting overbought (>70) and oversold (<30) conditions. However, due to the unavailability of historical RSI data for the referenced ETF “HOLD.P,” we cannot proceed with the backtest for that asset. Instead, a similar approach could be applied to VANAUSDC using the available 24-hour dataset. A potential backtest would involve entering long positions when RSI dips below 30 (oversold) and exiting when it rises above 40, or shorting when RSI exceeds 70 (overbought) and closing when it falls below 60. This strategy would need to be tested on historical data beyond the 24-hour window provided. If you’d like to test this framework using alternative data or assets, please provide the necessary price history for the RSI calculation.