Zebec Network’s Bullish Breakout signals Major Rally Potential
Zebec Network (ZBCN) has experienced a important bullish breakout after a long period of consolidation. This move suggests the start of a major rally.The price has broken through key resistance levels, supported by strong trading volume.
The accumulation phase has ended, and ZBCN is now in a bullish expansion.The price broke above long-term resistance, backed by increased volume and bullish candle patterns.This shift has caught the attention of traders, who are now looking at higher price targets.
- Accumulation Breakout: The price broke out of a long-term consolidation range.
- Support at $0.032: This level has flipped from resistance to support.
- Confluence Zone: $0.032 aligns with the 0.618 Fibonacci retracement and VWAP SR.
- Fibonacci Extension Target: A potential 236% gain based on the current swing high.
- Volume confirmation: Sustained volume is crucial for validating the bullish trend.
The breakout above $0.032 is a psychological shift. This level, once a ceiling, now acts as solid support. The 0.618 Fibonacci retracement and VWAP SR in the same zone confirm this as a strong base for bullish defense.
Traders can use Fibonacci extensions to forecast potential upside. A 236% rally from current levels is in focus. Volume behavior is critical. Continued high volume at elevated prices would confirm strong market conviction.
If ZBCN maintains support above $0.032 and volume remains elevated, a move toward the Fibonacci extension target becomes likely. Sustained buyer commitment at each resistance level will be key for further gains.
