Market Overview for Vanar Chain/USDC on 2025-12-07

Summary
• Price consolidated near 0.0101, forming multiple dojis and flag patterns.
• Strong volume observed during the 19:15–19:45 ET range, confirming key resistance.
• RSI suggests overbought conditions near 0.0101, with potential for short-term pullback.
• Bollinger Bands indicate low volatility until the late-night surge.

Vanar Chain/USDC (VANRYUSDC) opened at 0.01 on 2025-12-06 12:00 ET, reached a high of 0.0101, dipped to a low of 0.0099, and closed at 0.01 at 12:00 ET on 2025-12-07. The 24-hour volume was 7,977,175.0, with a notional turnover of approximately 79,771.75 USDC.

Structure & Formations

Price remained largely contained between 0.0099 and 0.0101 throughout the 24-hour period, with multiple dojis forming at key levels, especially around 0.01 and 0.0101. A bullish flag pattern emerged from 19:15 to 19:45 ET, followed by consolidation into the early morning.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages closely aligned near 0.0100, reinforcing the range-bound nature of price. On a broader scale, the 200-period MA would likely sit slightly below the 0.0099 level, indicating a potential floor.

Momentum Indicators

The RSI spent much of the session near 60–70, suggesting overbought conditions. MACD lines crossed above zero during the late afternoon, but failed to drive a breakout beyond 0.0101. Momentum appears to have peaked and may now consolidate or retrace.

Volatility and Bollinger Bands

Volatility remained low for most of the session, with price clustered within the Bollinger Bands’ inner 1–2% range. A sharp increase in volatility occurred between 19:15 and 19:45 ET, pushing prices toward the upper band. This suggests a temporary expansion in interest or order flow.

Volume and Turnover

Volume spiked at 19:15–19:45 ET with a 780,437.0 turnover, aligning with a failed push to break 0.0101. This volume confirmed resistance rather than a breakout. Lower turnover was observed after midnight, indicating reduced participation during quieter hours.

Fibonacci Retracements

A key 61.8% retracement level from the 0.0101 high to the 0.0099 low sits at 0.0100, a level the price frequently revisited but failed to decisively break. This could become a temporary support if the range tightens further.

Market participants may see a consolidation phase or a potential short-term pullback toward 0.0099–0.0100 in the next 24 hours, though a breakout remains unlikely unless volume increases significantly. Investors should monitor RSI divergence and Bollinger Band contractions for signs of renewed momentum.