Market Overview for Vanar Chain/USDC

Summary
• Price declined from 0.0103 to 0.01 as of 12:00 ET, with key resistance at 0.0103 and support at 0.0096.
• High volume surges occurred during a failed rally above 0.0104, indicating bearish rejection.
• RSI fell below 30, suggesting oversold conditions, while MACD turned negative, pointing to fading bullish momentum.
• Bollinger Bands showed a recent contraction before a sharp price drop, signaling potential volatility expansion.
• Notional turnover reached 13.5M USDC during the day, confirming activity during key price movements.

Vanar Chain/USDC (VANRYUSDC) opened at 0.0103 on 2025-12-10 at 12:00 ET, hit a high of 0.0106, a low of 0.0095, and closed at 0.01 as of 12:00 ET on 2025-12-11. Total volume over 24 hours was 6.03M, with notional turnover at 60.3M USDC.

Structure & Formations

Price moved within a descending channel on the 5-minute chart, with 0.0103 acting as a key resistance level.

A bearish engulfing pattern formed at 0.0104 after a failed rally, suggesting bearish control. On the daily chart, a 61.8% Fibonacci level at 0.0101 may provide temporary support ahead of 0.0096.

Moving Averages

Short-term 20 and 50-period moving averages on the 5-minute chart both crossed bearish, indicating downward bias. On the daily chart, the price closed below the 200-period MA, reinforcing a bearish trend.

Momentum Indicators

RSI dropped below 30 during the final hours of the 24-hour period, signaling oversold conditions, while MACD turned negative, showing weakening bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands displayed a contraction during the early hours of 2025-12-11 before price dropped sharply. Price closed near the lower band, indicating high bearish pressure and potential for a reversal or continuation.

Volume and Turnover

Volume spiked to 389K during the attempted rally above 0.0104, but price failed to hold, suggesting bearish rejection. Notional turnover surged during this time, aligning with price action. Later, low volume confirmed lack of conviction during the consolidation phase near 0.01.

Forward Outlook and Risk

Price may test the 0.0096 level in the coming 24 hours, with a potential rebound or continuation of the bearish trend based on volume and order flow. Investors should monitor the 0.0101–0.0103 range for signs of a reversal or breakdown. Volatility may expand if the 0.0096 level breaks.