Summary
• Price opened at $0.0076 and closed at $0.0075, forming a bearish trend with mixed volume signals.
• A key breakout at $0.0077 was rejected, suggesting resistance above $0.0076.
• RSI and MACD show weak momentum, with price consolidating in a narrow range.
• Bollinger Bands tightened during the session, signaling potential volatility.
• Turnover surged briefly at $0.0077 before a sharp pullback, hinting at possible order book imbalances.
Vanar Chain/USDC (VANRYUSDC) opened at $0.0076 on 2025-12-19 at 12:00 ET, reaching a high of $0.0077 before closing at $0.0075 on 2025-12-20 at 12:00 ET. The 24-hour volume totaled approximately 2.87 million units, with notional turnover of about $20,850.
Structure & Formations
The price action formed a bearish pattern after a failed breakout above $0.0077, with rejection at this level appearing to anchor short-term resistance. A 5-minute doji at $0.0077 during the 20:00–20:15 ET window signaled indecision, while the overall structure appears range-bound with a slight downward bias in the latter half of the session.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned around $0.00755–0.0076, with the price oscillating just below. The daily chart suggests a flat bias, as the price remains well above the 200-period average, though no clear trend is emerging.
MACD & RSI
MACD showed weak bullish momentum at $0.0077 before turning neutral as the price pulled back, while RSI hovered near neutral at ~50. This suggests no strong directional bias.
RSI may dip slightly below 50 over the next session if the bearish consolidation continues, potentially signaling oversold conditions.
Bollinger Bands
Bollinger Bands contracted during the 21:00–00:00 ET window, indicating a period of consolidation. Price remained within the bands, but the narrowing of the band width may foreshadow a potential breakout in either direction, depending on upcoming catalysts.
Volume & Turnover
Volume spiked at $0.0077 during the 20:00–20:15 ET window, but this was followed by a rapid reversal and low volume during the consolidation phase. The divergence between price and volume suggests potential order-book weakness. Turnover remained muted for most of the session, with most of the total volume concentrated in a few large orders.
Fibonacci Retracements
A recent 5-minute swing from $0.0074 to $0.0077 shows the current price near the 61.8% retracement level at $0.00755, which may offer initial support or resistance. On the daily chart, the 38.2% retracement aligns with $0.0075, where price has shown consolidation over the last 24 hours.
Vanar Chain/USDC appears to be in a state of consolidation, with limited directional momentum. A test of the $0.0074 support or a retest of the $0.0077 resistance could occur depending on the next catalyst. Investors should be cautious of potential false breakouts and consider monitoring volume behavior as a key filter for any directional move.
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