Market Overview: Vana/USDC (VANAUSDC) - 24-Hour Performance

• Vana/USDC posted a 10.6% gain in the last 24 hours, closing at $3.035.
• Price surged above 3.00, breaking a key psychological level amid strong buying.
• Volatility spiked midday with a 3.057 high, followed by consolidation.
• RSI showed overbought conditions, while MACD remained bullish.
• Volume was uneven, peaking around 0730 ET with a 768.81 volume spike.

The Vana/USDC (VANAUSDC) pair opened at $2.834 on 2025-10-12 at 12:00 ET and reached a high of $3.096 before closing at $3.035 as of 12:00 ET on 2025-10-13. The total 24-hour volume was 7,587.37 units, with a notional turnover of 22,643.48 USDC. The price action over the past 24 hours showed a clear upward bias, marked by a sustained rally from midday on 2025-10-12 to early evening on 2025-10-13.

The structure of the candlestick pattern over the 15-minute timeframe indicates strong bullish momentum. Key resistance was breached at the $3.00 level, and the price moved into overbought territory as it approached $3.096. Support levels appear to be forming at $2.96 and $2.93, which were previously tested multiple times during the day. A notable bullish engulfing pattern appeared at 1930 ET, confirming a shift in sentiment after a prior bearish phase.

The 20-period and 50-period moving averages on the 15-minute chart showed convergence in the afternoon, aligning with the upward move. The 50-period MA was below the 20-period MA, forming a golden cross pattern around the 1700 ET timeframe. On the daily timeframe, the 50- and 200-period moving averages crossed over during the 24-hour period, indicating a potential trend reversal to the upside.

MACD remained positive for most of the session, with the histogram widening during the breakout around 0730 ET. The RSI indicator climbed into the overbought zone above 70 for much of the session, suggesting short-term overextension. Bollinger Bands showed a moderate expansion as the price moved away from the upper band toward the close, suggesting a continuation of the trend is likely. Fibonacci retracement levels on the key swing high from $3.096 showed a 61.8% retracement level at $3.00–$3.03, aligning with recent consolidation.

Looking at the volume profile, the most significant spike occurred around the 0730 ET timeframe, coinciding with the price reaching a high of $3.057. The notional turnover was also highest during this period, indicating strong institutional or large investor participation. Volume dipped to zero in several 15-minute intervals during the overnight hours, suggesting a lack of sustained follow-through buying after the initial surge.

Volatility was relatively low at the start of the session but increased as the price moved higher. Bollinger Band widths expanded during the upward leg of the trade, indicating growing uncertainty or expectation of further moves. A minor divergence between volume and price was observed in the late morning when price continued to rise but volume flattened. This could be an early sign of exhaustion, but given the strong close, it appears the buyers remained in control.

The backtest hypothesis for VANAUSDC involves identifying a bullish engulfing pattern, a classic reversal candlestick formation where a large bullish candle follows a smaller bearish one. However, the system was unable to locate the necessary historical pattern data for this symbol due to an unrecognized format. To proceed, a valid symbol (e.g., “VANA-USDC”) or a manual list of dates where the pattern occurred must be provided. This is critical to running the backtest and evaluating the 5-day-hold performance of such signals. The current price action and technical conditions suggest that the pair is in a short-term bullish phase, making it an opportune time to refine and validate pattern-based strategies using accurate historical data.