Zebec Network Skyrockets on Science Card Buyout Frenzy—Because Nothing Says ’Moonshot’ Like an Acquisition Headline

Another day, another crypto project riding the hype wave. Zebec Network’s token just went parabolic after dropping the ’strategic acquisition’ buzzword—this time, snagging fintech player Science Card. Cue the predictable 3-digit percentage pumps and influencer victory laps.

The Anatomy of a Pump

No details on the deal size? No problem. Traders piled in anyway, because fundamentals are so 2023. The move allegedly ’expands Zebec’s real-world utility’—or at least that’s what the press release claims between lines about ’synergies’ and ’Web3 integration.’

Cynic’s Corner

Let’s be real: This reeks of ’buy the rumor, sell the news’ theater. Remember when crypto projects used to build things instead of playing M&A bingo? Pepperidge Farm remembers. But hey—if it keeps the degens entertained until the next shiny object appears, mission accomplished.

Zebec Network price technical analysis

ZBCN continued its strong rally on Thursday following the Science Card acquisition announcement. It has deviated from its moving average and is up 170% from the 50-day EMA. The token has also become highly overbought, with the Relative Strength Index and Stochastic indicators at extreme levels.

As a result, the coin is likely to retreat due to profit-taking and mean reversion. It is common for a sharply rising asset to decline as early holders sell for profit. Mean reversion occurs when an asset returns to its historical moving averages.

The Zebec Network token will likely drop and retest support at $0.002143, the highest swing in February.