Zebec Network coin breaks out of accumulation: 236% rally in sight
The post Zebec Network coin breaks out of accumulation: 236% rally in sight appeared on BitcoinEthereumNews.com.
Zebec Network has posted a powerful bullish breakout after a prolonged accumulation phase, and the technical structure now suggests the potential for a major rally continuation. With key support levels now flipped and strong volume backing the move, this could mark the beginning of a significant upside expansion. Zebec Network (ZBCN) has transitioned from a long-standing consolidation into a bullish expansion phase. After trading within a tight range, price action finally broke above high-timeframe resistance, initiating a strong breakout supported by volume surges and bullish engulfing candles. This momentum shift has attracted trader interest, with eyes now on higher extension targets. Key technical points Accumulation Breakout: Price broke out of a long-term consolidation range, confirming a structural shift. Support at 0.032: This level is now a critical area of interest, having flipped from resistance to support. Confluence Zone: 0.032 aligns with the 0.618 Fibonacci retracement and VWAP SR, forming a strong technical base. Fibonacci Extension Target: A projected move suggests up to 236% gain based on a measured extension from the current swing high. Volume Confirmation: Sustained volume is key to validating bullish continuation from this level. ZBCNUSDT (1D) Chart, Source: TradingView The breakout above the $0.032 level is more than a technical milestone, it represents a psychological shift. This zone, previously a ceiling for price action, has now flipped to act as solid support, bolstered by multiple technical confluences. The 0.618 Fibonacci retracement, a key trend continuation level, adds further validation. In addition, the VWAP SR in the same zone confirms this as a high-probability area for bullish defense. The rally has now established a new swing high, enabling traders to use Fibonacci extensions to forecast potential upside. Based on this structure, a 236% rally from current levels is in focus—a target derived from measured moves off the base…
Filed under: News - @ June 4, 2025 2:27 am