Vanar Chain/USDC (VANRYUSDC) Market Overview

• Price declined from a 24-hour high of $0.0276 to a low of $0.0251, closing at $0.0255
• A bearish reversal pattern emerged in early morning ET with confirmation via volume
• RSI and MACD signaled weakening bullish momentum before the downward correction
• Volatility increased with a wide Bollinger Band range, supporting a break-out scenario
• Turnover surged to $387,936 during a key reversal candle, suggesting increased participation

Vanar Chain/USDC (VANRYUSDC) opened at $0.0267 on 2025-10-08 at 12:00 ET, reached a high of $0.0276, and a low of $0.0251 before closing at $0.0255 on 2025-10-09 at 12:00 ET. Total volume was 6,040,126.0, and notional turnover amounted to approximately $158,832.83 over the 24-hour period.

The price action reflected a classic bearish reversal pattern forming around 05:00–07:00 ET as the price retreated from a prior high. A significant volume spike of $387,936 occurred during a strong bearish candle at 13:30 ET, confirming the shift in sentiment. The formation was supported by RSI dipping below 50 and MACD crossing into bearish territory.

The 20-period and 50-period moving averages on the 15-minute chart both trended lower, reinforcing the bearish bias. Price remained below both, suggesting potential for further consolidation or a test of the next key support at $0.0249. Bollinger Bands expanded significantly, reflecting heightened volatility and a potential for extended price movement in either direction. A breakdown below $0.0252 could trigger a retest of the 24-hour low.

Fibonacci retracements applied to the 15-minute swing showed that the current price sits near the 61.8% level of the prior bullish rally, suggesting a potential exhaustion of the bearish wave. However, the absence of a strong bullish reversal pattern raises the likelihood of continued downward pressure unless buyers step in above $0.0258.

The MACD and RSI confirmed weakening momentum ahead of the major bearish move, with RSI dipping below 40 and MACD entering negative territory. These indicators suggest that the market is currently oversold, though the bearish sentiment may persist if no strong reversal occurs.

Backtest Hypothesis
Given the bearish reversal pattern and the confirmation from volume and indicators, a short-term sell strategy could be triggered on a break of $0.0252, targeting $0.0249 as the first Fibonacci level. A stop-loss above $0.0258 could mitigate risk if the pattern fails. This approach aligns with the observed technical signals and leverages the recent volatility for potential profit.