Zebec Network Takes a Tumble—But Don’t Count It Out Yet
Another day, another crypto dip. Zebec Network’s price is bleeding today—because why wouldn’t it be in this market?—but here’s the kicker: the protocol’s fundamentals haven’t budged.
The dip that didn’t break the chain
Price action looks ugly, but Zebec’s underlying tech keeps humming along. Real-time settlements? Still instant. Multi-chain ambitions? On track. Meanwhile, TradFi banks are still using fax machines.
The cynical take
Sure, the token’s down—welcome to crypto, where ‘long-term hold’ is just cope for bagholders. But Zebec’s actual utility? That might just survive the next VC cash grab.
ZBCN price technical analysis
The daily chart shows that the ZBCN token price bottomed at $0.00068 in April and then rallied over 926% to a record high of $0.00720. It broke through key resistance levels at $0.002135 (February 22 high) and $0.003340 (April 23 swing high).
Zebec Network price remains above the 50-day Exponential Moving Average, a signal that bulls still hold control. However, the Relative Strength Index and the MACD indicators have pulled back in recent days.
Therefore, the most likely scenario is a drop and retest of the $0.003340 support level before the uptrend resumes. More gains will be confirmed if the price rises above the year-to-date high of $0.00720.
