Market Overview for Vanar Chain/USDC

Summary
• Price consolidates tightly between $0.0083–$0.0085 with limited 5-min volatility.
• Late-night surge in volume confirmed a $0.0085 breakout attempt but failed to hold.
• RSI remains neutral, while Bollinger Bands show no significant expansion or contraction.
• Key 61.8% Fib level sits at $0.0084, acting as both support and pivot for near-term direction.

Price and Volume Summary

At 12:00 ET on January 17, 2026, Vanar Chain/USDC (VANRYUSDC) opened at $0.0083, reached a high of $0.0085, traded as low as $0.0083, and closed at $0.0085. Total 24-hour volume amounted to 9,467,991.0, with a notional turnover of $79,860.79.

Structure & Moving Averages

Price action on the 5-minute chart remained clustered around the $0.0083–$0.0085 range, with a few brief attempts to break above $0.0085 failing due to lack of follow-through volume. The 20-period and 50-period moving averages on the 5-min chart are closely aligned around $0.0084, indicating a flat to slightly bullish bias. On the daily chart, the 50- and 200-period moving averages remain well above the current price, signaling a longer-term bearish trend.

Momentum and Volatility

MACD remained in a weak positive territory, but with a shrinking histogram, indicating waning bullish momentum. RSI hovered around 50, confirming a neutral momentum stance with no signs of overbought or oversold conditions. Bollinger Bands were in a narrow consolidation phase, with price bouncing between the mid and lower bands. This suggests traders are waiting for a catalyst to break the current range.

Volume and Fibonacci Implications

Despite intermittent volume spikes—most notably around 01:15 ET and 06:30 ET—price failed to hold above $0.0085. The 61.8% Fibonacci retracement level from the January 16 swing high and low aligns with $0.0084, which has acted as a key support/resistance pivot. Volume and price appear to be in alignment, with no significant divergence observed in the last 24 hours.

Forward Outlook

The market appears to be in a period of consolidation with a key test of $0.0085 looming. A sustained close above that level could trigger a short-term bullish bias, while a retest of $0.0083 could signal renewed bearish pressure. Investors should monitor volume behavior around these levels to gauge conviction. As always, sudden news or cross-chain events could disrupt the current pattern.