Market Overview for Vanar Chain/USDC (VANRYUSDC) – 24-Hour Analysis

Summary
• Price drifted downward on low volume, closing near session lows.
• RSI and MACD show weakening momentum, with RSI nearing oversold territory.
• Bollinger Bands suggest tightening volatility ahead of a potential breakout.
• Key support identified at 0.0078, with a possible test of 0.0076 on the daily chart.
• Volume surges during sharp downward move at 16:00 ET suggest bearish conviction.

Vanar Chain/USDC (VANRYUSDC) opened at 0.0085 at 12:00 ET − 1 and drifted lower, hitting a high of 0.0085 and a low of 0.0076 before closing at 0.0077 at 12:00 ET. Total volume across the 24-hour window was approximately 10,091,467.0 tokens, with a notional turnover of roughly $80,732.

Structure & Formations

Price action shows a bearish bias, with several lower closes and a breakdown below key prior support at 0.0083. A potential bearish flag pattern may be forming, especially between 0.0085 and 0.0076. A deep candle at 16:30 ET closed near its low, indicating bearish conviction.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are both trending downward, with price consistently below both. On the daily chart, price is below all major moving averages (50, 100, 200), reinforcing the bearish tilt.

MACD & RSI

MACD remains in negative territory, with the signal line pulling away from the histogram, suggesting weakening momentum. RSI has dropped to 32, nearing oversold conditions, which could lead to a short-term bounce, though the overall downtrend remains intact.

Bollinger Bands

Volatility has expanded during the sharp sell-off at 16:00–17:00 ET, with the bands stretching wider. Price has been range-bound near the lower band, suggesting a possible exhaustion of downward momentum. A breakout above 0.0081 may signal a reversal attempt.

Volume & Turnover

Volume was generally subdued during the first half of the session but spiked during the sharp decline, especially at 16:00–17:00 ET. This confirms the bearish move and suggests increased participation. Turnover aligned with price action, showing strong distribution during the decline.

Fibonacci Retracements

On the 5-minute chart, the move from 0.0085 to 0.0076 shows a 61.8% retracement at 0.0081, which could serve as a potential support/resistance pivot. On the daily chart, 0.0078 is a key Fibonacci level that may attract buyers or sellers in the near term.

Looking ahead, the pair may test the 0.0078 support level, with a breakdown below 0.0076 increasing the risk of further weakness. Investors should remain cautious, as a consolidation above 0.0081 could signal a near-term reversal. Volatility may continue to expand in the coming 24 hours, especially if volume rises with a directional move.