Market Overview for Boundless/USDC (ZKCUSDC) on 2025-10-26

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Summary
• Boundless/USDC (ZKCUSDC) declined from a 24-hour high of $0.2955 to close at $0.2712, amid mixed momentum signals.
• Volatility expanded as price moved between $0.2660–$0.2955, with volume surging in the 22:00–02:00 ET window.
• A key support zone appears near $0.268–0.271, while resistance remains at $0.275–0.282.
• Momentum indicators suggest potential for a near-term bounce from oversold territory.
• Downtrend continuation is likely unless a convincing reversal pattern emerges above $0.275.

Boundless/USDC (ZKCUSDC) opened at $0.2804 on 2025-10-25 at 12:00 ET and reached a high of $0.2955 before closing at $0.2712 on 2025-10-26 at 12:00 ET. The 24-hour volume totaled 1,617,785.3 units with a notional turnover of $460,492.66. Price action reflects heightened volatility and a bearish bias in the short-term.

Structure & Formations

Price formed a broad descending channel, with support at $0.268–0.271 and resistance at $0.275–0.282. Key bearish patterns emerged during the 22:45–00:00 ET window, where a bearish engulfing and a hanging man pattern were observed. The $0.2712 close appears to have found initial support, but a break below $0.268 may confirm a deeper pullback.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are currently bearish, with the price trending below both. The 50-period MA is at $0.277, and the 20-period at $0.279. On the daily chart, the 50- and 100-period lines are aligned bearishly, with the 200-period MA acting as a key long-term reference near $0.284. A sustained close above $0.275 would realign shorter-term averages with the trend.

MACD & RSI

The 15-minute MACD showed bearish divergence with price as the histogram contracted despite lower lows. The RSI has entered oversold territory, hitting a low of 26. This suggests a potential for short-term bounce. However, as long as RSI remains below 50 and the MACD remains negative, bearish momentum remains intact.

Bollinger Bands

Price action has expanded well beyond the Bollinger Bands, particularly from 22:45–02:45 ET, indicating heightened volatility. The upper band peaked at $0.2955, while the lower band fell to $0.2660. A retest of the upper band is unlikely unless a strong reversal emerges. Price appears to be consolidating near the lower band, suggesting continued bearish pressure if the current range fails to hold.

Volume & Turnover
Volume spiked during the overnight hours (ET), particularly from 22:45–02:15, with a peak of 192,598 units. Turnover also surged in this period, confirming bearish conviction. A divergence between volume and price action is not currently present, but a further breakdown below $0.268 may trigger a fresh surge in volume as liquidation pressure builds.

Fibonacci Retracements

Fibonacci retracement levels for the $0.2660–$0.2955 swing indicate key levels at 38.2% ($0.2806), 50% ($0.2784), and 61.8% ($0.2761). Price has been oscillating around the 61.8% and 50% levels, suggesting a potential consolidation phase. A break below $0.2761 may target the next level of support at $0.2728.

Backtest Hypothesis

A backtest strategy based on RSI-14 oversold levels (below 30) could have captured some short-term bounces in the ZKCUSDC pair. For instance, a hypothetical trade triggered by the RSI dipping to 26 may have entered near $0.268–0.271. However, due to an issue retrieving RSI data for ZKCUSDC, the exact signal timing and performance could not be calculated. If corrected, this strategy could be refined with a stop-loss near the next Fibonacci level or trendline support to manage risk.