Vesud, Zebec Network (ZBCN) has officially broken free from a long standing accumulation pattern, triggering a technical breakout that could set the stage for an explosive upside move. Backed by bullish volume and key support confirmations, the asset appears primed for a potential 236% rally if momentum persists.
Bullish Shift After Extended Consolidation
After spending months trading within a narrow range, Zebec Network’s price action has shifted decisively to the upside. The breakout above macro resistance marks a structural transformation from stagnation to expansion. This breakout was accompanied by a spike in buying volume and several bullish engulfing candles on higher timeframes, pointing to a strong conviction among market participants.
Key Technical Highlights
- Confirmed Breakout: ZBCN has exited a prolonged consolidation range, signaling a major trend reversal.
- Support Turned Resistance: The $0.032 level, previously acting as a barrier, has now flipped into reliable support.
- Confluence at $0.032: This price zone aligns with the 0.618 Fibonacci retracement level and the VWAP-based support/resistance adding strength to its foundation.
- 236% Upside Potential: Based on Fibonacci extensions from the current structure, price projections indicate room for more than a 2x rally.
- Volume as a Catalyst: Sustained high volume will be essential to validate and carry forward the current bullish trajectory.
Psychological and Structural Validation at $0.032
The $0.032 price zone is more than just a technical level it represents a psychological inflection point. Breaking and holding above this threshold signals growing market confidence. Multiple indicators particularly the 0.618 Fibonacci level and VWAP resistance flip converge here, strengthening the case for continued bullish momentum.
With the breakout establishing a new swing high, traders are now utilizing Fibonacci extension levels to project the next potential leg upward. Current projections place the 236% target well within reach, assuming the structure holds and volume continues to support the move.
Volume Will Determine the Next Phase
While technical patterns suggest bullish continuation, volume remains the key confirming factor. Persistent buying interest reflected in elevated volume levels will support the case for trend continuation. On the other hand, declining volume at higher prices could indicate weakening momentum or a possible distribution phase.
Whats Next for ZBCN?
All eyes are now on whether Zebec Network can maintain its footing above the $0.032 support zone. If it does, and buyer interest remains consistent, the asset may soon target new highs based on the Fibonacci extension roadmap. Traders will be watching for key resistance reactions, but so far, the momentum favors further gains.
