Zebec Network's Price Surge: A Bullish Breakout Sparks Excitement!

Chart Patterns and Price Action

Hold onto your hats, folks! Zebec Network's price is on the verge of a thrilling reversal after smashing through a bullish pattern. The action's heating up, mirroring some jaw-dropping developments in the fundamentals!

Zebec Network (ZBCN) just blasted out of a descending wedge on the 4-hour chart. Post-breakout, it rocketed to $0.0052 before slamming into resistance and pulling back to $0.0044, retesting that breakout like a champ. Right now, it's holding strong above a crucial long-term support, formed by the upward trendline from early May.

The next resistance is lurking near the recent peak of $0.0050-0.0052, while support's now chilling at $0.0043-0.0044, snug with both the 20 EMA and the wedge's upper boundary, which might just flip to support!

Technically, the price is flirting with the 20-period EMA as support. The RSI's backed off from the overbought zone after the breakout and is hovering around 50, screaming neutral momentum. Whether the RSI can keep it above 50 could dictate the next wild ride. The MACD line's still above the signal line, but those histogram bars are shrinking, hinting at a possible calm before the storm or a bit of consolidation.

So, ZBCN's currently cooling off post that epic bullish breakout from the descending wedge, a classic reversal signal. If it clings to the EMA and that long-term ascending trendline, we might see it charge toward $0.0052 and beyond. But a dip below $0.0043 could kill the bullish vibes and send it tumbling.

Fundamental Developments

Guess what? This breakout synced perfectly with Zebec Network's wild announcement to reward Ripple (XRP) holders with over $50K in ZBCN on Uphold. Rumors were flying about a possible Ripple collab, but no official word yet!

And that's not all! Zebec's been on a buying spree, snagging Gatenox, a digital identity powerhouse, and Science Card, a U.K. fintech with over 50,000 users. With Gatenox under its belt, Zebec's aiming to flex its regulatory muscle under the EU’s MiCA framework and the UK’s FCA.

After dropping nearly 50% from its May high of $0.0073, Zebec Network's price seems to be playing catch-up with these game-changing moves. If this breakout's the real deal, buckle up for a wild ride!