Zebec Network price appears poised for a reversal after breaking out of a bullish pattern as the price action begins to reflect recent developments on the fundamental front.
Zebec Network (ZBCN) price recently broke out of a descending wedge pattern on the 4-hour chart. Following the breakout, the price briefly wicked to $0.0052 level before facing resistance and pulling back to $0.0044, retesting the breakout level. The price is now holding above a key long-term support formed by the upper trendline ascending from early May.
The immediate resistance lies near the recent high around $0.0050–0.0052, while the immediate support is now near the $0.0043–0.0044, aligned with both the 20 EMA and the wedge’s upper boundary (which may now act as support).
Technically, the price is currently testing the 20-period EMA as support. The RSI has pulled back from the overbought levels following the breakout, and is currently around 50, suggesting neutral momentum. The RSI’s ability to stay above 50 will likely determine the next leg of the trend. The MACD line remains above the signal line, but histogram bars are turning smaller, which could hint at potential consolidation or a pause before the next move.
To sum up, ZBCN price is currently in a cooling-off phase after a bullish breakout from a descending wedge pattern, often seen as a reversal setup. If the price holds above the EMA and the long-term ascending trendline, continuation toward $0.0052 and beyond is possible. A break below $0.0043 could invalidate the bullish structure and lead to deeper retracement.
The latest breakout coincided with Zebec Network’s recent announcement that it will reward Ripple (XRP) holders with over $50K in holdings on Uphold with ZBCN. While earlier speculation hinted at a possible collaboration with Ripple, no formal announcement has been made.
This move also follows a series of strategic acquisitions, including Gatenox, a digital identity firm, and Science Card, a U.K.-based fintech with 50,000+ users. With the acquisition of Gatenox, Zebec Network aims to strengthen its regulatory positioning under the EU’s MiCA framework and with the UK’s FCA.
After retracing nearly 50% from its May peak at $0.0073, Zebec Network price now appears to be catching up with these fundamentals — provided the current breakout confirms a true reversal.
