ZEROBASE/USDC Market Overview: 24-Hour Analysis as of 2025-11-06

Summary
• Price dipped below key 0.15 support, closing near 0.1483 with bearish momentum.
• Volatility surged mid-cycle, with volume peaking at 196,057.3 units during the drop.
• RSI shows oversold conditions, suggesting potential near-term bounce.

ZEROBASE/USDC (ZBTUSDC) opened at 0.1525 on 2025-11-05 12:00 ET, hit a high of 0.1575, and a low of 0.1468, closing at 0.1483 as of 2025-11-06 12:00 ET. Total traded volume reached 1,371,197.0 units, with a notional turnover of approximately $204,619.74 over the 24-hour period.

Structure & Formations

Price action formed a bearish engulfing pattern at the 0.1550–0.1564 range before breaking below the 0.15 support level. A long lower shadow developed after the 0.1500 level, suggesting a brief rejection of lower levels, but failed to retrace above 0.1550. A bearish flag pattern is emerging between 0.1510 and 0.1480, with key support at 0.1470–0.1475 and resistance at 0.1505–0.1510. A doji formed at 0.1495, signaling indecision, and a potential trend reversal may be in play.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, with the price trading below both. Daily moving averages (50/100/200) indicate a medium-term downtrend, with price below all three lines. The 15-minute MA crossover strengthens the bearish bias for the next 24 hours.

MACD & RSI

The MACD line crossed below the signal line during the early hours of 2025-11-06, confirming bearish momentum. RSI has dipped into oversold territory around 32, indicating potential for a short-term bounce, though it remains in bearish territory overall. Traders should watch for RSI divergence above 40 to confirm a reversal.

Bollinger Bands

Volatility expanded significantly between 23:00 and 00:30 ET as price dropped from 0.1550 to 0.1500. Price is currently resting near the lower band at 0.1480–0.1485. A break below the 0.1470 level could signal further expansion of the bands, increasing short-term volatility and downside risk.

Volume & Turnover

Volume spiked to 196,057.3 units during the 00:45–01:00 ET window as price dropped to 0.1500, followed by a 198,634.4-unit turnover as price continued to fall below 0.15. Notional turnover reached a 24-hour peak of $30,194.26 during this period. Volume and price action are aligned, confirming bearish momentum.

Fibonacci Retracements

The 0.15–0.1480 range corresponds to the 61.8% Fibonacci retracement level from the 0.1575 high, indicating a potential area of consolidation. A retest of the 38.2% level at 0.1493 may confirm a short-term bounce. On the daily chart, the 0.1500–0.1470 move aligns with the 61.8% retracement of a previous rally from 0.1468 to 0.1513, suggesting bearish continuation if support at 0.1470 fails.

Backtest Hypothesis

The backtesting engine is currently unable to locate historical events where ZBTUSDC closed above 0.15 and then broke below 0.15 due to insufficient data in the specified timeframe. To refine the analysis and generate meaningful statistics, we could either adjust the threshold (e.g., 0.10 or 0.08) or focus on alternative events, such as daily drawdowns or retracements after bullish breaks. A custom date list could also be provided for direct post-event performance evaluation.