Boundless Price Prediction: ZKC Surges 30% Overnight, Is It a Reversal Signal or a Short-term Rally?

GateNewsBot
ZKC9,58%

After several weeks of continuous decline, the Boundless (ZKC) price suddenly strengthened, surging approximately 30% within 24 hours, quickly attracting market attention. This price prediction for Boundless indicates that this round of rally appears more like a phase correction rather than a typical “pump and dump.” Against the backdrop of a cumulative retracement of over 80% after TGE, ZKC’s rebound is seen by many investors as a technical correction after an oversold condition.

From a fundamental perspective, ZKC’s current circulating market cap is about $27 million, but its daily trading volume has exceeded $90 million, with significantly increased transaction activity, indicating a clear rise in short-term capital interest. This “low market cap + high trading volume” structure often implies that price volatility remains relatively high.

The reason Boundless has re-entered the market spotlight is closely related to its industry sector. As a general zero-knowledge proof protocol, Boundless (ZKC) provides scalable, verifiable computing capabilities for multiple blockchains through a decentralized proof network, aligning with the current trend of rising interest in “privacy computing” and “ZK infrastructure.” As institutions and enterprises promote blockchain adoption while balancing privacy and transparency, the demand for general ZK computing is expanding.

The project background also provides some support. Boundless has secured approximately $52 million to $54 million in funding, with investors including Blockchain Capital, Bain Capital Crypto, Delphi Ventures, and partnerships with Ethereum Foundation, Wormhole, EigenLayer, among others. Compared to similar projects with valuations often reaching hundreds of millions of dollars, ZKC’s current market cap remains significantly low, which is an important reason some funds are betting on a rebound.

From a technical standpoint, ZKC has rebounded from around $0.11 to above $0.12, with higher lows appearing on the 4-hour chart, indicating an improvement in short-term trend. However, the overall structure has not fully exited the bear market. The first key resistance level is $0.15; if a volume breakout occurs, it could further test the $0.20 region. Only by regaining stability above $0.20 would a substantial mid-term structural shift be confirmed, with potential targets at $0.28 or even $0.33.

The RSI indicator has recovered from the oversold zone to the neutral range, suggesting easing selling pressure and momentum correction, but it is not yet strong enough to confirm a reversal. If the breakout fails, the price may still retest the $0.11 support level.

Overall, this round of ZKC rally is more of an oversold rebound and sector sentiment correction. In the short term, Boundless’s price movement will likely fluctuate within the $0.15–$0.20 range, and investors should pay close attention to trading volume and the outcome of key resistance battles.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Cardano Is Bleeding – But the Next ADA Move Could Shock Everyone Who Gave Up

Cardano has been doing poorly lately, and it’s difficult to put a positive spin on it. ADA’s price doesn’t exactly look good for a long period of time, and the candles are piling up on the red side. Many people are left wondering the same thing again: “Is this thing ever going to bounce

CaptainAltcoin6m ago

Bitcoin, Ethereum See Large Withdrawals As Buyers Quietly Accumulate

Sentora’s terse tweet cut through the market noise today. “Both Bitcoin and Ether saw significant outflows from exchange wallets this week, hinting at ongoing accumulation amid price weakness,” Sentora tweeted. The observation reflects a familiar pattern: coins leaving centralized platforms often si

BlockChainReporter17m ago

Litecoin Holds $53 Support as Price Consolidates on Weekly Chart

Litecoin was at $53.47 with a 3.8 per cent drop on a day to day basis whilst it stood directly at a predetermined support level. Price remained within the range of $53.47 support and 55.55 resistance indicating short term consolidation. The weekly chart also revealed a general formation b

CryptoNewsLand36m ago

XRP Holds $1.36 Support as 200-Week EMA Defines $1.80 and $0.70 Levels

XRP is at $1.37, and it is barely above an immediate support level at $1.36 following a decrease of 3.9% in a day. The overall structure is determined by the 200-week EMA, with the directional levels of $1.80 and $0.70. Short-term resistance is at $1.43, and it is influencing the

CryptoNewsLand40m ago

Bottom-Fishing Emerges as $74K Max Pain Resets Bitcoin Outlook

_High IV and ETF outflows signal caution despite early dip-buying attempts._ The crypto assets saw another large options expiry on Friday as the market weakness continues. As per onchain reports, roughly $2.9 billion in Bitcoin and Ether contracts expired as prices remained under strain.

LiveBTCNews1h ago

ONDO Price Prediction: This Breakout Pattern Could Send ONDO to $0.85 Next

The ONDO price is currently contained in a falling wedge, showing reduced downward momentum. It faces crucial resistance near $0.30, with potential targets exceeding $0.85 if broken. However, strong support around $0.22 is vital to avoid further declines.

CaptainAltcoin1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)