Market Overview for Vanar Chain/USDC (VANRYUSDC) – November 5, 2025

Summary
• Price action consolidates between 0.0116 and 0.0122 with key support and resistance emerging.
• Volume peaks during sharp declines, suggesting bearish pressure.
• RSI and MACD show weakening bullish momentum, with RSI hovering near 50.
• Bollinger Bands show moderate volatility, with price testing the mid-band.
• Total volume exceeds 30 million, with turnover surpassing $4.1 million.

Vanar Chain/USDC (VANRYUSDC) opened at 0.0121 (12:00 ET – 1) and closed at 0.0123 (12:00 ET) on November 5, 2025, reaching a high of 0.0122 and a low of 0.0113. Over the 24-hour period, the pair traded on a volume of 68,669,872.3, representing a notional turnover of approximately $838,212. The price action reflected consolidation and choppy momentum, with multiple attempts to break above the 0.0120 resistance level.

Structure & Formations

Price formed a series of small-bodied candles between 0.0116 and 0.0120 during the early hours of the session, indicating indecision. A bearish engulfing pattern formed around 19:00 ET, signaling a potential shift in momentum. Later, a bullish rally emerged, supported by tight clustering around 0.0119–0.0121, suggesting a strong psychological level. The 0.0122–0.0123 area appears as a new resistance, with 0.0119 acting as immediate support.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0119) crossed above the 50-period MA (0.0118), signaling a potential short-term bullish crossover. On a daily timeframe, the 50-period MA (0.0117) remains below the 100 and 200-period MAs (0.0116 and 0.0115), suggesting the longer-term trend remains bearish, but short-term bulls are gaining traction.

MACD & RSI

The MACD line crossed above the signal line in the early hours, indicating rising bullish momentum, though this faded as the session progressed. The histogram shows a divergence between price and momentum, particularly after 01:00 ET, suggesting weakening bearish pressure. The RSI (14) fluctuated between 45 and 55, hovering near the neutral zone, with no clear overbought or oversold signals. This suggests traders are cautious with limited conviction on either side.

Bollinger Bands

Price action remained within the Bollinger Bands for most of the session, staying close to the mid-band (0.0120). A slight expansion in the bands occurred after 01:00 ET as volatility increased. The 2σ upper band reached 0.0123, aligning with the recent high. Price appears to have found a temporary equilibrium near the center of the channel, but any break above or below could trigger a new directional move.

Volume & Turnover

Volume remained above 500,000 for much of the session, with significant spikes occurring around 20:30 ET and 16:45 ET. The largest single candle occurred at 20:30 ET with a volume of 3,699,721 and a move from 0.0115 to 0.0109, indicating strong bearish participation. Turnover aligned with volume, with the largest notional turnover occurring during the same period. Divergence between price and volume was noted around 05:00 ET, where volume declined despite continued price consolidation.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour move from 0.0113 to 0.0123, key levels at 38.2% (0.0118) and 61.8% (0.0120) were clearly tested multiple times. The price action has stalled near the 0.0121–0.0123 range, which overlaps with the 78.6% and 100% retracement levels, suggesting a potential reversal or continuation depending on volume and order flow.

Backtest Hypothesis

The absence of Doji Star pattern data for VANRYUSDC prevents direct backtesting of strategies based on this formation. However, given the price behavior and key Fibonacci levels, a potential strategy could involve entering long positions near 0.0119–0.0120 with a stop-loss below 0.0116 and a target at 0.0123–0.0125. A similar short strategy could be considered above 0.0123 with a stop above 0.0125. This hypothetical setup aligns with the observed consolidation and potential breakouts noted in the technical analysis.