Market Overview for ZKCUSDC (Boundless/USDC) – 24-Hour Technical Summary as of 2025-10-14

• ZKCUSDC fell to a 24-hour low of $0.18 after an initial 7.5% rebound.
• Volatility spiked mid-cycle, with over $1.8M in turnover during the 10:00–11:00 ET window.
• A bearish divergence emerged in RSI as price hit 0.18, while volume declined.
• Key support tested near $0.179, with a shallow 0.18–0.182 consolidation forming.
• MACD turned negative, suggesting downward momentum is gaining strength.

Boundless/USDC (ZKCUSDC) opened at $0.2054 on 2025-10-13 at 12:00 ET and reached a high of $0.2111 before retreating to a low of $0.178 at 05:00 ET on 2025-10-14. The pair closed at $0.1821 at 12:00 ET on 2025-10-14. Total 24-hour volume amounted to ~1,063,550 contracts, with a notional turnover of approximately $196,000.

Structure and formations show a significant bearish breakdown after a short-lived bullish consolidation phase. A strong bearish engulfing pattern appeared around 19:30 ET as the price moved from $0.2111 to $0.2106, followed by a large bearish candle on the 3-hour time frame. Key support levels were tested around $0.18–$0.182, while resistance levels of $0.208 and $0.211 showed bearish exhaustion.

Moving averages suggest a bearish bias, with the 50-period EMA on the 15-minute chart crossing below the 20-period EMA during the early hours of October 14. The 200-period daily SMA appears to be acting as a critical resistance level, around $0.210–$0.212, where the price previously failed to hold. The 50/100/200 MA cluster on the daily chart remains bearish, indicating continued downward momentum is likely unless a strong reversal occurs.

MACD turned negative during the early morning hours on October 14, confirming bearish momentum. RSI dropped below 30, indicating oversold conditions, though divergence suggests caution—volume has declined at new lows, hinting at a potential pause or countertrend bounce. Bollinger Bands have expanded dramatically, reflecting heightened volatility, with price currently near the lower band at $0.1821, suggesting a test of psychological support levels.

Backtest Hypothesis

A potential short-term bearish strategy might focus on the bearish engulfing pattern observed at 19:30 ET. If confirmed by a close below the engulfed candle’s low ($0.2106), a short position could be initiated with a target near 0.18–0.179 and a stop-loss above the engulfing candle’s high ($0.2111). A 5–7 trading-day holding window or a trailing stop-loss at 5–7% could provide a balanced risk/reward profile. Given the current RSI divergence and declining volume, this setup may warrant further monitoring for a high-probability entry.