Market Overview for Vana/USDC (VANAUSDC)

Summary
• Price tested 2.355–2.382 range with mixed volume.
• No strong momentum seen on RSI; overbought levels not reached.
• Volatility low, with Bollinger Bands showing compression.
• Key support at 2.354 tested multiple times during overnight session.

Vana/USDC (VANAUSDC) opened at $2.374 at 12:00 ET − 1 and traded between $2.354 and $2.436 over the 24-hour period, closing at $2.367 as of 12:00 ET today. Total volume was 10,830.99 with a notional turnover of $26,406.45.

Structure & Formations

Price action remained within a tight range of 2.355 to 2.382 for most of the session, with a notable breakout attempt at 2.436 failing in the early evening. A bullish engulfing pattern briefly formed after 21:00, but lacked volume confirmation. A doji at 06:45 ET suggested indecision during early morning trading.

Moving Averages

On the 5-minute chart, price spent the session oscillating around the 20-period and 50-period moving averages, with no clear trend forming. The daily chart shows a flat price trend, with 50-period, 100-period, and 200-period lines nearly aligned.

MACD & RSI

MACD moved sideways with no clear signal line crossover, suggesting low momentum. RSI fluctuated between 45 and 55, indicating a lack of overbought or oversold conditions. No divergence between price and momentum indicators was observed.

Bollinger Bands

Volatility remained low, with Bollinger Bands compressed tightly around the 20-period moving average on the 5-minute chart. Price tested the lower band multiple times but failed to break through.

Volume & Turnover

Volume was sparse for much of the session, with a few spikes occurring in the evening and late night. The highest turnover came at 22:00 ET, when 1902.46 units were traded at $2.402, followed by a sharp pullback. Volume and price movement were generally aligned, with no significant divergence.

Fibonacci Retracements

Recent 5-minute swings showed price retesting the 61.8% Fibonacci level at $2.354, which held as a key support. On the daily chart, a larger retracement from the high of $2.436 may find near-term resistance at the 38.2% level (~$2.385) and support at the 61.8% level (~$2.365).

Looking ahead, Vana/USDC may remain range-bound near $2.367, with a potential test of $2.385 expected if buyers step in above 2.365. Investors should monitor for a clear break of this range and confirmatory volume before taking directional positions.