Market Overview for Boundless/USDC (ZKCUSDC) on 2025-10-03

• Boundless/USDC (ZKCUSDC) closed above its 24-hour low but failed to break key resistance near $0.364.
• Momentum slowed late in the session, as RSI moved toward overbought levels without confirming bullish volume.
• Volatility expanded during the late ET hours, with a high-low range of 5.5% and a sharp intraday reversal.
• Bollinger Bands widened in the final hours, suggesting a potential continuation or consolidation phase.
• On-chain volume spiked at $0.364 but faded quickly, highlighting a potential rejection level.

Boundless/USDC (ZKCUSDC) opened at $0.3343 at 12:00 ET–1 and touched a high of $0.3642 before closing at $0.3409 at 12:00 ET. The 24-hour trading range spanned $0.3294 to $0.3642, with total volume of 1,484,755.9 and turnover of $498,705.1. Price displayed a late-blooming bullish push into the $0.364 level, but failed to sustain it.

Structure & Formations

Key support levels emerged at $0.340–$0.345, with repeated retests on the 15-minute chart. The price found resistance at $0.364, where two bullish spikes were met with sharp sell-off pressure. A morning doji near $0.3399 marked a pause in the bearish momentum, while an evening engulfing pattern at $0.351–$0.353 suggested renewed bullish intent—fading quickly thereafter. These patterns indicate an indecisive market, where buyers are testing resistance but sellers are still active below $0.36.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish direction during the late ET hours, providing temporary support at $0.342–$0.345. The 50-period MA, however, remains bearish on the daily chart, which is below both the 100- and 200-period lines. The convergence between short-term and long-term averages may be a precursor to a breakout or consolidation phase, depending on volume dynamics.

MACD & RSI

The RSI reached 62 near the session close, suggesting overbought conditions, but failed to trigger a bearish reversal. Momentum, as measured by the MACD, showed a bullish crossover during the 04:00–06:00 ET window but faded rapidly after the $0.364 level was tested. This suggests that while buyers are active, they are not yet committing to a sustained upward move. A RSI divergence below 40 in the early morning ET hours hinted at a potential reversal, which partially materialized.

Bollinger Bands

The Bollinger Bands expanded significantly during the late ET hours, with the price testing the upper band at $0.3642. The subsequent drop back toward the lower band at $0.3365 suggests increased volatility and a potential mean reversion. The bands are now positioned between $0.330 and $0.365, with the middle band at $0.347. A move above or below these levels could confirm a directional bias.

Volume & Turnover

Volume spiked during the $0.3642 test but dropped off sharply afterward, indicating rejection at that level. The highest notional turnover of $111,400 was recorded at $0.3454 during the early morning ET hours. While the price moved higher, turnover failed to confirm the move, suggesting a lack of conviction. A divergence between price and turnover could signal an upcoming pullback or consolidation.

Fibonacci Retracements

On the 15-minute chart, the $0.345–$0.364 swing shows the 38.2% retracement at $0.353 and the 61.8% at $0.347—both levels were briefly tested during the 04:00–06:00 ET window. On the daily chart, the 61.8% retracement from the recent high aligns with the $0.340–$0.345 range, which has become a focal point for price action. These levels may continue to attract attention in the coming 24 hours.

Backtest Hypothesis

Given the current volatility and recurring support/resistance levels, a potential backtesting strategy could involve entering long positions on a bullish breakout above $0.364, with a stop loss below $0.340 and a take profit target at $0.370–$0.375. This would align with the 38.2%–61.8% Fibonacci levels on the 15-minute and daily charts. Short-term traders might also consider scalping the $0.345–$0.353 range using the 20/50 MA crossover as a directional filter. The RSI and Bollinger Bands would serve as momentum and volatility indicators to confirm the strategy’s viability in real time.