Market Overview for Vanar Chain/USDC (VANRYUSDC) — 2025-10-13

• VANRYUSDC opened at $0.0197 and closed at $0.0206 after reaching a 24-hour high of $0.0214 and a low of $0.0195.
• Momentum shifted to the upside in the final hours of the session, with a late rally driven by increased volume and a breakout above key resistance.
• Volatility expanded mid-session, marked by a sharp decline and recovery, but volume confirmed the final upward move.
• A Bullish Engulfing pattern formed in the final hour, signaling potential continuation of the uptrend, supported by RSI and volume dynamics.

Vanar Chain/USDC (VANRYUSDC) opened at $0.0197 at 12:00 ET-1 and closed the 24-hour period at $0.0206 by 12:00 ET. The pair reached a high of $0.0214 and a low of $0.0195 during the session, with a total traded volume of 7,818,095.0 and a turnover (notional value) of approximately $155,175. The price action showed strong bearish pressure during the late afternoon hours before a sharp reversal took hold in the final hours of the session.

Key structural support levels were observed at $0.0195–0.0196 and $0.0197–0.0198, while resistance was initially found at $0.02 and then broken above $0.0210 in the final hours. A notable Bullish Engulfing pattern emerged at 11:15–12:00 ET, confirming a reversal from a recent bearish correction. This pattern appeared to be supported by RSI and volume divergence, with RSI rising into the 55–60 range and volume increasing significantly during the final hour. The pattern appears to signal a continuation of the bullish trend into the next 24-hour period.

MACD showed a bullish crossover and positive divergence in the final 90 minutes, with the histogram expanding on the last few candles. RSI remains in the upper half of the 50–70 range, suggesting moderate bullish momentum, though not yet overbought. Bollinger Bands reflected increasing volatility, with the price moving from the lower band to the upper band during the reversal phase. On the 20-period MA, the price crossed above and showed a healthy separation from the 50-period MA, suggesting a strong short-term bias to the upside.

Fibonacci retracement levels from the recent swing low ($0.0195) to the swing high ($0.0214) placed 61.8% at $0.0206 and 78.6% at $0.0211, aligning closely with the final close and suggesting a potential target for continuation. Volume and turnover saw a marked increase during the final 90 minutes, confirming the price action. Divergences between volume and price were minimal, indicating strong conviction behind the upward move. The market appears to be favoring bulls, provided the recent high at $0.0214 is not immediately tested and rejected.

Backtest Hypothesis
The Bullish Engulfing pattern observed on VANRYUSDC at the close of the 24-hour period could be a strategic entry trigger for a short-term long position. To validate this signal and its broader effectiveness, a backtest could be applied using a 3-day holding period after pattern confirmation. This approach would help assess the strategy’s consistency across different market conditions, including whether volume and RSI support align with successful outcomes. Testing this pattern on a broader proxy like the S&P 500 ETF (SPY) could provide insight into its cross-market viability and help determine if it’s a robust signal or specific to high-volatility altcoins like VANRYUSDC.