Vanar Chain/USDC (VANRYUSDC) Market Overview for 2025-09-24

• Price declined from 0.0248 to 0.0245, reflecting bearish continuation with limited rebound attempts.
• RSI below 30 indicates oversold territory, though volume remains muted during the rebound.
• Volatility expanded in the early morning hours, with a sharp drop to 0.0235.
• Bollinger Bands show price trading near the lower band, suggesting potential for a rebound.
• No strong reversal patterns observed; market appears in consolidation following a sharp sell-off.

Vanar Chain/USDC (VANRYUSDC) opened at 0.0248 at 12:00 ET – 1 and traded as high as 0.0248 and as low as 0.0234 before closing at 0.0245 at 12:00 ET. The 24-hour volume amounted to 4,902,891.0, while the notional turnover totaled $119,580. Price action has shown a bearish bias, with a notable drop to 0.0235 in the early hours of 2025-09-24.

Structure & Formations

Price has shown a clear bearish bias over the past 24 hours, with multiple candles closing near or at their lows. A sharp drop in the early morning hours to 0.0235 was followed by a partial rebound into the 0.0244–0.0246 range, but no strong bullish reversal patterns—such as bullish engulfing or morning star—have emerged. Key support levels appear to be forming around 0.0243 and 0.0241, while resistance is likely at 0.0246 and 0.0248.

Moving Averages

Short-term moving averages (20/50-period on the 15-minute chart) show a bearish bias, with the price trading below both. This suggests continued downward pressure on the asset. Longer-term moving averages (50/100/200-period on the daily chart) also remain bearish, reinforcing the idea that the trend has not shifted to bullish. Traders may watch for a close above 0.0246 as a potential signal for a short-term reversal.

MACD & RSI

The MACD is bearish, with the line and signal line both in negative territory and the histogram showing a consistent sell-off. RSI has fallen below 30, indicating oversold conditions, but without a corresponding volume spike, the rebound may lack conviction. Divergence between price and RSI is not evident, suggesting that the oversold condition could still result in a rebound, though it may be limited.

Bollinger Bands

Volatility expanded significantly during the early hours of 2025-09-24, with price dropping to the lower Bollinger Band before stabilizing. The bands have since widened, indicating increased uncertainty. Price remains near the lower band, suggesting a potential bounce back into the mid-range of the bands. A breakout above the upper band may be unlikely unless there is a strong bullish catalyst.

Volume & Turnover

Volume spiked during the sharp decline to 0.0235, confirming the bearish move, but has since declined, indicating reduced conviction. The rebound into the 0.0244–0.0246 range occurred with muted volume, suggesting it may not be a strong reversal. Notional turnover remained relatively stable, with no clear divergence between price and volume. Investors should monitor volume patterns for confirmation of any potential reversal or continuation of the current trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low of 0.0235 and swing high of 0.0248 shows potential support at 0.0243 (38.2%) and 0.0241 (61.8%). These levels may offer opportunities for traders to watch for potential bounces or further declines. The 0.0246 level appears to be a minor resistance, with a possible test expected if the rebound continues.

Backtest Hypothesis

A possible backtesting strategy for the 15-minute chart could involve entering long positions when price retests and closes above the 61.8% Fibonacci level at 0.0241, with a stop-loss below 0.0240 and a target at 0.0246. This setup would aim to capture a potential bounce off the key support level. The RSI in oversold territory and the price near the lower Bollinger Band support the idea that a rebound may be imminent, but with low volume, the strength of the bounce could be limited.