Market Overview: Vanar Chain/USDC (VANRYUSDC) on 2025-12-29

Summary
• Price consolidated tightly between $0.0076–$0.0078 with no clear directional bias.
• A minor breakout attempt in the 4:00 AM–5:00 AM ET window failed, forming a bearish engulfing pattern.
• Volume surged sharply at 1:30 AM and 1:45 AM ET with confirmation of price consolidation.
• RSI and MACD indicated neutral momentum with no overbought or oversold signals.
• Bollinger Bands narrowed mid-session, suggesting potential for a breakout or reversal.

Vanar Chain/USDC (VANRYUSDC) opened at $0.0076 on 2025-12-29 at 12:00 ET − 1, reaching a high of $0.0078 and a low of $0.0076, closing at $0.0078 at 12:00 ET. The 24-hour volume totaled 1,969,121.0 USDC, with notional turnover of $15,194.69.

Structure & Formations

Price action remained confined within a narrow $0.0076–$0.0078 range for most of the session, with a brief attempt at a breakout during the 4:00 AM–5:00 AM ET window. A bearish engulfing pattern emerged at 4:15 AM ET as price opened at $0.0078 and closed at $0.0077, signaling potential bearish momentum. A doji formed at 5:45 AM ET, suggesting indecision among traders ahead of the session close.

Moving Averages and Momentum

The 5-minute 20- and 50-period moving averages remained closely aligned, reinforcing the range-bound nature of the session. Daily 50/100/200 lines were not significantly displaced, indicating that the 24-hour range had yet to alter the longer-term structure. MACD remained flat with no clear divergence, while RSI hovered between 50 and 60, indicating neutral to slightly bullish momentum without overbought conditions.

Volatility and Volume

Volatility remained subdued for most of the session, with Bollinger Bands compressing between 2:00 AM and 3:00 AM ET, suggesting a period of consolidation. A sharp volume spike occurred at 1:30 AM and 1:45 AM ET, coinciding with a price consolidation around $0.0076–$0.0077. Notional turnover expanded during these hours, confirming the price action. However, volume dropped off after 4:00 AM as the range-bound trade resumed.

Fibonacci Retracements

Fibonacci levels applied to the recent swing between $0.0076 and $0.0078 showed price testing the 61.8% retracement level at $0.0077 before retreating. No clear 38.2% or 78.6% levels were breached during the 24-hour period. Daily Fibonacci retracements showed no significant impact due to the minimal movement.

The market appears to be in a consolidation phase with no clear breakout attempt confirmed. A small bearish bias emerged late in the session, but the price remains within the defined range. Investors should watch for a break of either the $0.0076 or $0.0078 levels to confirm the next directional move. As always, sudden liquidity shifts or macro events could disrupt this pattern.