Market Overview for Boundless/USDC (ZKCUSDC)

Summary
• Price declined from 0.1361 to 0.1197, forming bearish engulfing patterns after early resistance at 0.1351 failed.
• RSI dropped below 30, indicating oversold conditions, while volume spiked near the 0.127–0.130 zone.
• Volatility expanded after a consolidation phase, with Bollinger Bands widening as the price drifted toward lower band.
• Fibonacci retracements show 61.8% level at 0.1225 aligning with a key zone of prior support and renewed accumulation.
• MACD histogram turned negative and diverged with price, signaling bearish momentum despite low turnover in the final 6 hours.

24-Hour Summary

Boundless/USDC (ZKCUSDC) opened at 0.1343 on 2025-12-25 12:00 ET, reached a high of 0.1365, and closed at 0.1197 as of 2025-12-26 12:00 ET, hitting a low of 0.1182. Total volume over 24 hours was 1,270,555.0, and notional turnover stood at 157,582.8.

Structure and Patterns

Price action formed a bearish engulfing pattern at 0.1351–0.1329, followed by a long bearish body from 0.1334 to 0.1313. A doji appeared near 0.1225–0.1226, indicating indecision. Support levels at 0.127, 0.123, and 0.119 have shown accumulation, while resistance at 0.129 and 0.133 has repeatedly failed.

Moving Averages and Momentum

Short-term 20-period and 50-period moving averages on the 5-minute chart remained bearish, with price below both. The 50-period daily line is at 0.1345, suggesting a strong bearish bias on the daily chart. RSI has entered oversold territory but has not generated a strong bullish reversal, while MACD remains in negative territory, with a bearish divergence forming.

Volatility and Volume

Volatility expanded after a consolidation phase between 0.129–0.133, with Bollinger Bands widening and price drifting toward the lower band. Volume spiked near the 0.127–0.130 zone but faded significantly after 05:00 ET. A divergence between volume and price suggests weaker conviction in the move lower.

Key Levels and Forward Outlook

Fibonacci retracement levels show 61.8% at 0.1225 aligning with a key support zone and a potential pivot for buyers. A break below 0.119 could test the next Fibonacci level at 0.115. Over the next 24 hours, a rebound into the 0.122–0.125 range may trigger short-term buying interest, but a sustained move above 0.127 without volume confirmation could remain bearish. Investors should monitor RSI for potential overbought conditions and divergence to assess momentum shifts.