Zebec price looks poised to confirm a breakout from a descending wedge pattern, a move that could bring over 44% upside for the token.
Summary
- Zebec price is down 26% from its highest point in August.
- Over 5 billion Zebec tokens have been staked within the ecosystem.
- ZBCN appears likely to break out from a falling wedge as technicals remain bullish.
According to data from crypto.news, Zebec Network (ZBCN) was trading at $0.004, up 3.3% over the past 24 hours and 7.7% over the last 7 days. Despite its recent gains, the token is still down 26% from its August high and 39% below its year-to-date high.
Zebec price declined amid a selloff from early investors, as overall interest weakened and community chatter surrounding the token dropped significantly since its peak hype in May.
However, a few recent developments could support the token’s gains in the coming weeks.
First, Zebec recently announced a partnership with crypto wallet infrastructure provider Turnkey to integrate embedded wallet APIs into major payroll systems, a development that could lower the barrier to crypto payroll adoption.
Alongside this, the project has teased an upcoming venture with Asure Software, a cloud-based capital management company based in Austin, Texas.
Such major partnerships often incite renewed community chatter around the token, which in turn could attract fresh investors to the project.
Additionally, over 5 billion ZBCN tokens have now been staked, as revealed recently by the Zebec team. As more tokens are locked through staking, they are effectively removed from the circulating supply.
This reduction in available supply, if sustained, could create upward pressure on the token’s price, particularly if demand for the token rises alongside renewed ecosystem activity and strategic integrations like the Turnkey partnership.
On the daily chart, Zebec has been forming a falling wedge pattern since late July, a bullish reversal setup characterized by successive lower highs and lower lows. The token is currently trading just below the pattern’s upper trendline, positioning it within striking range of a potential breakout.
A confirmed breakout above this resistance would signal a shift in momentum, particularly as supporting indicators have begun to turn bullish. The Aroon Up indicator currently reads 85.7%, while the Aroon Down stands at 28.57%, a combination typically interpreted by traders as a buy signal indicating a strengthening uptrend.
Momentum is further supported by the Relative Strength Index, which has climbed from a low of 35 to 51 in recent sessions. This steady increase is often viewed as a solid sign of increasing buying pressure and further reinforces the bullish outlook.
If the price breaks decisively above the wedge, ZBCN could rally toward the $0.0062 level, representing an upside of approximately 44% from its current price.
Conversely, a breakdown below the $0.0035 support would invalidate the pattern and open the door for further downside, potentially retesting the July low at $0.0023.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
