Wanchain (WANUSDT) Market Overview for 2025-07-17

• Wanchain (WANUSDT) rallied from 0.1231 to 0.1265 over 24 hours, forming a bullish flag pattern near key resistance.
• Strong volume expansion occurred between 20:30–21:30 ET, confirming the breakout above 0.125.
• RSI shows moderate momentum with no overbought/oversold extremes, suggesting balanced buying and selling pressure.
• Price remains above the 20-period MA on the 15-min chart, indicating short-term bullish bias.
• Bollinger Bands expanded during the breakout phase, signaling increased volatility and potential continuation.

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Wanchain (WANUSDT) opened at 0.1231 on 2025-07-16 12:00 ET and closed at 0.1264 on 2025-07-17 12:00 ET, reaching a high of 0.1265 and a low of 0.1231. Total volume was 1,238,803, and turnover amounted to approximately $154,463.

Structure & Formations

WANUSDT formed a bullish flag pattern as it consolidated between 0.1245 and 0.125 before breaking out to the upside on increased volume. The breakout occurred between 20:30 and 21:45 ET, with a strong candle confirming the move above 0.125. A key support level appears to be forming around 0.1243–0.1245, which has been tested multiple times and held. A doji formed near 0.1248, indicating indecision, but was quickly followed by a bullish reversal.

Moving Averages

On the 15-minute chart, the 20-period MA is currently above the 50-period MA, suggesting a short-term bullish trend. The 50-period MA has crossed above the 200-period MA on the daily chart, indicating a potential longer-term bullish bias. Price remains above both the 20 and 50-period MAs, reinforcing the near-term optimism.

MACD & RSI

The MACD line crossed above the signal line around 20:30 ET, confirming the bullish momentum behind the breakout. RSI remains within the neutral range (45–55), suggesting balanced buying and selling pressure. While not overbought or oversold, the RSI shows no signs of exhaustion, which could imply continuation of the current trend.

Bollinger Bands

Bollinger Bands widened during the breakout phase, with price moving above the upper band at 0.1265. This expansion indicates increased volatility and suggests traders may be accumulating long positions. Price has remained within the bands for most of the day, with no signs of a potential reversal from overextended levels.

Volume & Turnover

Volume spiked significantly during the breakout phase, especially between 20:30 and 21:45 ET, with several candles showing above-average volume. This confirms the breakout and suggests strong conviction behind the upward move. Turnover also increased during this period, aligning with the price action and reinforcing the likelihood of a sustained move higher.

Fibonacci Retracements

On the 15-minute chart, the recent move from 0.1243 to 0.1265 aligns with a 38.2% Fibonacci retracement level at 0.1255, which has been tested and held. On the daily chart, the 61.8% retracement level at 0.1266 may act as a key resistance target in the coming days.

Wanchain appears to be in a strong short-term bullish trend, with price action and volume confirming the breakout above 0.125. While the RSI and MACD suggest continued momentum, traders should remain cautious of potential pullbacks to test the 0.1243–0.1245 support zone. A break above 0.1266 could signal a new wave of buying interest, but volatility remains high, and sharp corrections are possible if volume slows.