Market Overview for ZKCUSDC on 2025-09-20

• Boundless/USDC surged 40% over 24 hours, breaking key resistance near $0.80.
• High volume confirmed breakout with over $363 million in turnover.
• Momentum indicators show overbought conditions, signaling potential pullback.
• Bollinger Bands widen, indicating heightened volatility amid trend continuation.
• Downturns in afternoon ET show consolidation but lack bearish confirmation.

The ZKCUSDC pair opened at $0.7215 on 2025-09-19 at 12:00 ET and surged to a 24-hour high of $0.825. It closed at $0.8179 on 2025-09-20 at 12:00 ET, with a total volume of 999,591.5 units and notional turnover of approximately $732.6 million. The price displayed a strong bullish bias, especially after a sharp rally in midday ET.

Structure & Formations

Price action on the 15-minute chart revealed a series of bullish continuation patterns, including a morning star near $0.77 and a bullish engulfing pattern at $0.80. Key support levels were identified at $0.768 and $0.745, both of which were tested and held during the pullbacks. A strong breakout above $0.80 marked a new swing high, suggesting the trend could continue higher if buyers remain aggressive.

Moving Averages

On the 15-minute chart, the price has consistently traded above both the 20-period and 50-period SMAs, reinforcing the bullish bias. On the daily chart, the 50-period SMA has crossed above the 100-period SMA, forming a golden cross. This suggests the pair may continue to trend higher in the near term, with the 200-period SMA at $0.765 acting as a critical support.

MACD & RSI

The MACD showed a strong positive divergence, with bullish histogram bars expanding during the price rally. The RSI hit overbought territory above 70, indicating potential exhaustion of the up-move. However, the RSI has yet to form bearish divergences, suggesting the move may extend. Traders should watch for a pullback to the 50–60 RSI level as a potential entry point.

Bollinger Bands

Volatility expanded significantly during the midday surge, with the Bollinger Bands widening to a range of $0.79–$0.83. The price closed near the upper band, indicating strength in the uptrend. A pullback to the middle band ($0.805) could act as a key support zone, where buyers may step in.

Volume & Turnover

Volume spiked during the key breakout at $0.80 and again during the midday high at $0.825, confirming the strength of the move. Notional turnover reached a peak of $181.7 million at $0.825, validating institutional participation. However, volume began to taper in the late afternoon, suggesting that the move may require further catalysts to extend beyond $0.83.

Fibonacci Retracements

On the 15-minute chart, the key 61.8% retracement level at $0.797 was tested twice, acting as support during pullbacks. On the daily chart, the 38.2% retracement at $0.785 is now a potential resistance level. If the price consolidates below $0.80, the 50% level at $0.79 becomes a critical threshold for trend continuation.

Backtest Hypothesis

The backtesting strategy described involves using the 50-period SMA as a trigger for long entries and the 20-period SMA as a stop-loss mechanism. Given the current price’s clear separation from the 50-period SMA and the absence of bearish divergences in the RSI, this approach could have generated strong returns over the past 24 hours. The MACD’s expansion also supports this strategy by indicating strong bullish momentum. If the trend continues, the strategy may yield further gains, especially if the price remains above $0.80 in the next 48 hours.