Market Overview: Vanar Chain/USDC (VANRYUSDC) – 24-Hour Summary

• Vanar Chain/USDC (VANRYUSDC) rose from $0.0264 to $0.0282 in 24 hours amid sustained buying pressure in the latter half.
• Price tested and held above key support at $0.0275–0.0279, with a bullish breakout forming near $0.0283–0.0285 in late evening ET.
• Volatility increased sharply after 19:00 ET, with volume surging above 400k, indicating a shift in market sentiment.
• RSI rose above 55, suggesting growing momentum, though not yet overbought.
• Turnover diverged at $0.0285–0.0288, with volume declining during the peak highs, hinting at possible profit-taking.

Price Movement and Key Levels

Vanar Chain/USDC (VANRYUSDC) opened at $0.0264 on 2025-10-02 at 12:00 ET and reached a high of $0.0292 before closing at $0.0282 on 2025-10-03 at 12:00 ET. Total volume amounted to 6,848,918.0, with a turnover (notional value) of approximately $188,324. The 24-hour session shows a bullish reversal with a strong consolidation phase in the latter half.

Support levels at $0.0275–$0.0279 appear to be holding, with several consolidation candles forming around these levels. Resistance is emerging at $0.0283–$0.0285, where price stalled in the morning hours. A key engulfing pattern was observed between $0.0279 and $0.0283, suggesting a possible continuation of the uptrend.

Technical Indicators and Momentum

The 15-minute MACD line turned positive, showing a bullish crossover, while RSI reached 55–60, indicating moderate momentum. On the daily chart, the 50-period moving average appears to be holding just below the current price level, with the 200-day MA acting as a long-term support.

Volatility expanded significantly after 19:00 ET, with Bollinger Bands widening to capture the $0.0279–$0.0288 range. Price remained within the upper band for much of the late evening, suggesting strong demand. However, a bearish divergence in turnover during the late peak highs indicates caution for potential corrections.

Fibonacci retracement levels from the recent low of $0.0275 to the high of $0.0285 align with 61.8% at $0.0281–0.0282, where price appears to have stalled. A break above 61.8% could confirm a stronger bullish bias.

Volume and Turnover Dynamics

Volume surged past 400k in the late evening ET as price advanced to $0.0285–$0.0292, indicating strong participation. However, as the price approached the upper resistance levels, turnover began to decline, signaling potential exhaustion or profit-taking.

The volume profile shows a consistent increase from 19:00 ET onward, with the highest notional turnover occurring between $0.0283 and $0.0286. This suggests that the market was more actively involved in this range, with key accumulation evident.

While the price and volume moved in tandem during the breakout, the declining volume on subsequent highs may indicate a shift in sentiment. A continuation of the uptrend would likely require a new wave of buying at higher price levels.

Backtest Hypothesis

Given the technical setup—strong consolidation above $0.0275, a bullish engulfing pattern, and a MACD crossover—this pair appears well-suited for a breakout strategy. A potential backtest could involve entering a long position upon a confirmed close above $0.0283 with a stop loss just below $0.0279 and a target at $0.0287–0.0290. The strategy could also include a trailing stop to lock in profits as price moves upward.

This approach would benefit from the increased volatility observed in the latter half of the session, which may have been driven by news, on-chain activity, or speculative buying. The divergence in turnover on the upper highs, however, suggests that the market may not be fully committed at current levels, reinforcing the need for tight risk management in any trade setup.