ZBCN price is showing signs of recovery after recovering from multi-week lows, boosted by its listing on Bitvavo, Europe’s largest MiCA-compatible exchange. What’s next for ZBCN price?
Summary
- ZBCN price has recovered from recent lows, boosted by Bitvavo’s listing announcement.
- A break above $0.0038 could fuel a rally towards $0.0045-$0.0050, aligning with the upper boundary of the daily descending channel.
- Failure to hold above the key support at $0.0028 would confirm a broader breakout of the descending triangle, opening the door to a possible retest of deeper support around $0.0023-0.0020.
ZBCN price technical analysis.
Red Zebec (ZBCN) price has recovered from a recent low near $0.0028, testing support along the lower trendline of a descending channel on the daily time frame.
The recovery gained strength as ZBCN price reclaimed the 9 EMA (cyan) and 21 EMA (yellow), approaching mid-channel resistance near the 55 EMA (green) at around $0.0038. Trading around $0.0036 at the time of writing, ZBCN price is only about 5% below this resistance level.
The rally appears to have been supported by the recent advertisement in which Zebec is listed Battlethe largest European spot exchange and one of the first in Europe MiCA Compatible Platforms.
What’s next for ZBCN price?
Yeah Zebec If the price manages to break above $0.0038, it could confirm a short-term bullish continuation, targeting the upper boundary of the descending channel, which is currently projected between $0.0045 and $0.0050. However, a rejection from that zone may trigger another pullback towards $0.0028, which serves as the base of a broader descending triangle formation.
The descending triangle is a bearish chart pattern, so a break below this support would confirm the bearish continuation, which could lead ZBCN towards lower support zones around $0.0023 – $0.0020.
