Market Overview for Vanar Chain/USDC

Summary
• Price tested key resistance at 0.0096 twice, with mixed follow-through.
• RSI and MACD showed divergence near 0.0096, hinting at bearish reversal.
• Volume surged during the afternoon session, but prices failed to break above 0.0096.
• Volatility expanded in the late evening, suggesting renewed interest.
• A bullish engulfing pattern formed at 0.0094–0.0095, signaling short-term buying interest.

24-Hour Snapshot

Vanar Chain/USDC (VANRYUSDC) opened at 0.0093 on 2025-12-12 at 12:00 ET, reached a high of 0.0096, dipped to a low of 0.0092, and closed at 0.0095 on 2025-12-13 at 12:00 ET. Total volume amounted to 2,454,089.0, with notional turnover at $22,286.33.

Structure & Formations

Price action revealed a potential short-term support at 0.0094–0.0095 and resistance at 0.0096, with a bullish engulfing pattern emerging on a 5-minute chart as prices rebounded from the 0.0094 level. A doji formed near 0.0096 at 22:45 ET, signaling indecision after a key test of resistance.

Moving Averages and Momentum

On the 5-minute chart, the 20-period moving average hovered near 0.0094–0.0095, aligning with short-term support, while the 50-period line slightly lagged. MACD turned neutral in the final hours, showing reduced bullish momentum, and RSI approached overbought territory (above 65) near 0.0096 but failed to confirm a breakout.

Volatility and Volume

Bollinger Bands expanded in the late evening as volume spiked to over 600,000 units at 22:45 ET, yet prices remained within the bands. Notional turnover surged during this period but failed to push price above 0.0096. A divergence between volume and price movement emerged during this rally, suggesting potential exhaustion.

Fibonacci Retracements

Key Fibonacci levels from the 0.0092–0.0096 swing showed a 61.8% retracement at 0.0093–0.0094, where price found support. A test of the 78.6% level at 0.0096 in the late evening failed, reinforcing that level as a potential short-term ceiling.

Outlook

A breakout above 0.0096 could invite further buying, but confirmation is needed. Conversely, a breakdown below 0.0094 may expose the 0.0093 support zone. Investors should watch for volume divergence and divergent RSI action to confirm the next directional move.

Price could remain range-bound for the next 24 hours, with a risk of a sudden reversal if key levels are decisively breached.