Market Overview for ZEROBASE/USDC (ZBTUSDC)

Summary
• Price opened at $0.1498, advanced to $0.1722, then retraced to close at $0.1348.
• High-volume move during the early session suggested strong participation before a sharp reversal.
• RSI oversold conditions emerged after a sharp drop below $0.1400, indicating possible near-term bounce potential.
• Bollinger Bands showed a widening phase during the initial rally, followed by a contraction after the pullback.
• Divergence between price and turnover occurred near session high, signaling caution in momentum.

24-Hour Performance and Metrics

The ZEROBASE/USDC (ZBTUSDC) pair opened at $0.1498 on December 25 at 12:00 ET, surged to a high of $0.1722 around 00:30 ET on December 26, and closed at $0.1348 by 12:00 ET. Total volume for the 24-hour period reached 6,841,525.2, with a notional turnover of approximately $1,046,709. The pair showed a volatile session driven by sharp swings and a late-day bearish reversal.

Structure and Candlestick Formations

A sharp bearish engulfing pattern emerged between 02:15 ET and 03:00 ET as price fell from $0.1543 to $0.1512, signaling a potential shift in control to sellers. A long lower shadow at 08:45 ET (closing at $0.138) suggested short-term rejection of lower levels. Key support levels formed around $0.1350–$0.1360, with resistance emerging near $0.1400–$0.1410.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA (0.1580) and 50-period MA (0.1565) crossed into bearish alignment during the late-night sell-off. The 50-period MA on the daily chart remains above the 100-period and 200-period MAs, suggesting a longer-term neutral stance. The MACD turned negative after 04:00 ET, reinforcing bearish momentum.

Volatility and Bollinger Band Analysis

Bollinger Bands expanded significantly during the early morning rally, with the price peaking near the upper band at $0.1722 before reversing sharply. By 09:00 ET, volatility had contracted significantly as the price settled near the lower band. This indicates a period of consolidation and potential reversal could be on the horizon.

Fibonacci and Key Levels

Fibonacci retracement levels drawn from the 00:30 ET high of $0.1722 and the 09:00 ET low of $0.1348 showed the price finding temporary support at the 38.2% level ($0.1535) before breaking below it. The 61.8% level at $0.1385 appears as a critical floor for near-term buyers to consider.

Over the next 24 hours, the market may test the $0.1350 level for support, with a potential rebound into the $0.1400–$0.1420 range if buyers step in. However, a break below $0.1340 could trigger deeper selling into $0.1250, so traders should remain cautious of this downside risk.