The Zebec Network’s native token ZBCN has broken above a descending channel on the 4‑hour chart, with crypto analyst Scrambler G predicting gains of up to 360% if the breakout holds. The projection compares the current move to May’s rally that delivered more than 350%.
The analyst noted that ZBCN has moved out of a clean falling channel, a pattern that resembles the breakout seen in May when the token surged nearly 357%. According to their projection, ZBCN could be setting up for another major rally, with a long‑term target at $0.0113. This would mark an upside of around 360% from current levels.
They cautioned that the move depends on a successful retest of support around $0.0035. “This could be a game‑changing entry for medium‑ to long‑term holders if the retest holds,” the analyst added.
Indicators Show Strong Buying Momentum
Momentum signals support the bullish view. The Relative Strength Index (RSI) is currently around 69. RSI measures the strength of recent price moves on a scale from 0 to 100. Readings above 70 suggest an asset may be overbought, while levels below 30 suggest it is oversold. At 69, ZBCN is close to entering overbought territory, meaning demand is strong but a short‑term pullback is possible.
The Stochastic Oscillator, another tool that measures momentum, is above 90. This level usually confirms strong buying pressure. However, readings this high can also warn that the token is becoming overheated.
The Moving Average Convergence Divergence (MACD) has recently turned positive. This indicator tracks the difference between two moving averages of the token’s price. When the MACD crosses above its signal line, it often points to a shift in trend from bearish to bullish.
ZBCN’s price is also holding above its 20‑, 50‑, 100‑ and 200‑day moving averages. This alignment is generally taken as confirmation that an uptrend is in place.
Zebec Network Volume and Open Interest Confirm Market Participation
Trading activity has grown sharply in recent days. ZBCN’s daily trading volume has risen to more than $49 million, up from about $25 million just a week earlier. Higher volume means more traders are buying and selling the token, which usually gives a price move more credibility.
Open Interest (OI) — the total value of outstanding futures contracts — has also increased, reaching $23.8 million. Open Interest shows how much money is tied up in active trades. When OI rises alongside price, it suggests new money is entering the market rather than just traders shifting positions. This is often seen as a sign of strength in the trend.
Funding rates on perpetual futures have turned positive, meaning traders betting on higher prices are paying those betting on lower prices. While this supports the bullish case, very high funding rates can also lead to profit‑taking, which sometimes triggers short‑term pullbacks.
Bitcoin and Ethereum Provide Macro Support
The broader crypto market adds context to Zebec Network’s move. Bitcoin is trading at $118,763 with stable futures interest, showing steady institutional participation. Its Stochastic Oscillator is in the mid‑60s, suggesting moderate momentum with room for further growth before hitting overbought levels.
Ethereum is trading near $3,872 with momentum indicators above 90, showing strong demand. However, such high readings also signal the risk of short‑term cooling. Since smaller tokens like ZBCN often follow the direction of Bitcoin and Ethereum, the stability of both major assets will play a key role in whether this breakout continues.
ZBCN faces resistance around $0.0055, a level where it stalled earlier in the year. A breakout above that could open the path to $0.0068, which was the June high. The longer‑term analyst target of $0.0113 remains in play if momentum continues.
On the downside, support around $0.0035 will be critical. If the price fails to hold that level, the next support sits near $0.0026. A breakdown below these zones would weaken the bullish case and suggest the rally may take longer to develop.
If ZBCN holds above $0.0035 and Bitcoin remains steady above $115,000, the token could test $0.0068 in the coming weeks and potentially aim for the $0.0113 target later in the year. Strong buying momentum, rising trading volume, and growing Open Interest all point to improving conditions, though the overbought readings on technical indicators mean traders should also be prepared for short periods of consolidation.
