Market Overview: ZEROBASE/USDC (ZBTUSDC) 24-Hour Technical Summary

Summary
• ZBTUSDC climbed from $0.1427 to $0.1549 in 24 hours, showing strong bullish momentum.
• Volume surged to over 70,000, with notable buying pressure after 18:30 ET.
• RSI and MACD signaled overbought conditions, hinting at potential consolidation.
• Bollinger Bands expanded, indicating increased volatility.

At 12:00 ET on 2025-11-07, ZBTUSDC opened at $0.1444 after closing at $0.1449 at 12:00 ET the prior day. The 24-hour session saw a high of $0.1549 and a low of $0.1427, closing at $0.1513. The total volume amounted to 879,381.6, while notional turnover reached $132,547.11, indicating strong market participation.

Structure & Formations

Price found initial support near $0.1443 and tested resistance at key levels including $0.1493, $0.1516, and $0.1529. A bullish engulfing pattern formed around $0.1505–$0.1508, signaling a potential trend reversal. A doji near $0.1518–$0.1521 later in the session hinted at indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both sloped upward, with price staying above both. On the daily chart, price remains above the 200-period MA, indicating a long-term bullish bias.

MACD & RSI

MACD showed a positive crossover, suggesting continued upward momentum. RSI reached overbought territory (70+), peaking at 74, indicating the price could consolidate or retest key levels in the near term.

Bollinger Bands

Bands expanded significantly as volatility increased, with price frequently sitting near or at the upper band during strong bullish phases. This expansion is a typical precursor to potential consolidation or a pullback.

Volume & Turnover

Volume spiked above 70,000 in several sessions, particularly after 18:30 ET. Notional turnover aligned with volume, showing strong buying conviction. No significant divergence between volume and price was observed, supporting the bullish narrative.

Fibonacci Retracements

Applying retracements to the key swing from $0.1427 to $0.1549, price tested the 61.8% level at $0.1518 before moving slightly higher. The 38.2% level at $0.1491 also acted as a psychological support. These levels may become relevant in the next 24 hours.

Backtest Hypothesis

To evaluate the effectiveness of a momentum-based strategy, a backtest using RSI and closing price data can be applied. Using ZBTUSDC, we can generate signals where a buy is triggered when RSI crosses above 70 (overbought) and a sell when RSI drops below 70. This approach can help determine whether such a strategy would have been profitable in the recent 15-minute and daily price movements. A 14-day RSI period and daily close prices are standard and suitable for most cryptocurrencies, including ZBTUSDC.