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

Summary
• Vana/USDC consolidates near 2.405-2.420 after a bullish reversal from 2.377.
• Volume spikes at 08:00 ET confirm a breakout toward 2.432, followed by profit-taking.
• RSI shows overbought conditions post-2.441 high, signaling potential pullback.

Vana/USDC opened at 2.413 on 2026-01-17 at 12:00 ET, reached a high of 2.444, and closed at 2.403 on 2026-01-18 at 12:00 ET. The pair traded between 2.377 and 2.444 with a total volume of 19,766.67 and turnover of 45,637.37 USDC over the 24-hour window.

Structure & Formations

The price formed a bullish engulfing pattern after reaching a low of 2.377 and reversing back above 2.414. Key support appears at 2.406, and resistance at 2.432 after a strong 5-minute candle closed at that level with high volume. A doji formed near 2.403 at 06:30 ET, suggesting indecision and potential for a pullback or continuation depending on volume action.

Moving Averages and Momentum

Short-term moving averages (20/50) on the 5-minute chart show a bullish bias, with price holding above the 50-period line for most of the session. The daily 50/100/200 lines are not available in the dataset, but the 5-minute momentum suggests a potential continuation if volume supports further buying.

MACD and RSI

MACD remained in bullish territory with a late surge at 08:00 ET, confirming the 2.432 move. RSI reached overbought levels post 2.441 high and has since corrected into neutral territory, suggesting some profit-taking and a potential pause in upward momentum.

Bollinger Bands and Volatility

Volatility expanded significantly as price moved from 2.377 to 2.444. Price currently resides near the middle band at 2.403, indicating a possible consolidation phase. The band contraction after the doji at 2.403 may signal a potential break in either direction, depending on volume and order flow.

Volume and Turnover

Volume spiked at 08:00 ET with a large 5-minute candle confirming the 2.432 high. However, a divergence appears in turnover during the 08:15–08:30 ET window, where volume decreased despite continued price action. This suggests caution and potential for a short-term pullback.

Fibonacci Retracements

On the 5-minute chart, the 2.406–2.444 move has seen a retest of the 61.8% retracement level at 2.418, where price briefly bounced before consolidating. A break below 2.406 would target the next key level at 2.388, while a retest of 2.432 could confirm a stronger bullish bias.

The pair appears to be in a consolidation phase near 2.406–2.420 ahead of a potential breakout. If buyers step in above 2.420, a test of 2.441 could follow, but traders should remain cautious for divergences in volume and momentum over the next 24 hours.