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Summary
• VANAUSDC posted a bullish reversal pattern after hitting a 24-hour low near 2.767.
• Momentum picked up in the early hours of December 13, with RSI signaling potential overbought conditions.
• Volume surged in the final 3 hours of the 24-hour period, validating the recent price rebound.
• Bollinger Bands showed a narrow contraction before the breakout, indicating a period of consolidation.
• Fibonacci levels at 2.793 and 2.781 acted as short-term resistance and support, respectively.
Vana/USDC (VANAUSDC) opened at 2.762 on December 12 at 12:00 ET, reached a high of 2.822, a low of 2.767, and closed at 2.784 on December 13 at 12:00 ET. Total volume was 1,588.91, while notional turnover amounted to 4,441.86
over the 24-hour window.Structure & Formations
The price of VANAUSDC displayed a clear bullish reversal formation, with a bearish engulfing pattern at 2.768–2.762 being followed by a bullish engulfing pattern at 2.781–2.793. A long-legged doji at 2.798 on December 12 signaled indecision. Key support levels were identified at 2.770 and 2.767, while resistance emerged at 2.793 and 2.801.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages showed a narrowing gap, indicating tightening momentum. The price crossed above the 50-period line late on December 12, hinting at a potential short-term uptrend. On the daily chart, VANAUSDC ended above its 50-period MA, which may offer psychological support in the near term.
Momentum & Volatility
Relative Strength Index (RSI) reached overbought territory near 70 in the early hours of December 13, suggesting a possible pullback. MACD showed a positive crossover early on December 13, with the histogram expanding as bullish momentum increased. Bollinger Bands showed a notable contraction during the early hours of December 12, followed by a breakout above the upper band, signaling a potential continuation of the rally.
Volume & Turnover
Trading volume surged in the final 3 hours of the 24-hour period, with over 96.18 units traded around 08:00 ET. The increased volume aligned with the price breakout above 2.783, reinforcing the move. Turnover remained relatively flat during consolidation periods but spiked during the final hour, indicating strong conviction in the upward move.
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Fibonacci Retracements
Fibonacci levels drawn from the key swing high at 2.822 and swing low at 2.767 showed strong reactions at the 61.8% and 38.2% retracement levels, which coincided with the 2.793 and 2.781 levels. These levels acted as immediate resistance and support during the price rebound.
VANAUSDC appears to have cleared short-term resistance and could test the 2.806–2.822 range in the next 24 hours, depending on follow-through volume and market sentiment. Traders should monitor the 2.784–2.793 range closely, as a breakdown could signal renewed bearish pressure. As always, market conditions can shift rapidly—caution is advised.
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