Zebec Network (ZBCN) has recently broken above a descending trendline that had been restraining its price since early August. This breakout follows the formation of a clear double bottom around $0.0035, a classic pattern often signaling bullish reversals. With the neckline near $0.0046, the measured target for this pattern points to the $0.0057–$0.0060 range, close to early August highs.
After hitting a local peak of $0.0051 yesterday, ZBCN is now pulling back, trading around $0.0048. The immediate retracement could test the neckline area at $0.0046, which has now turned into potential support.
If selling pressure increases, the next significant support lies near $0.0041, aligning with the 20 SMA and the 0.618 Fibonacci retracement. Maintaining above this level would preserve the bullish reversal setup. A drop below $0.0035, however, would invalidate the double bottom and signal a possible return to the previous downtrend.
What’s Driving ZBCN Price?
Beyond bullish technical signals, Zebec Network is supported by strong fundamentals, particularly its role in the Decentralized Physical Infrastructure Networks (DePIN) sector. The recent price surge aligns with renewed interest across the DePIN space following the U.S. Securities and Exchange Commission’s “no action” letter in early October, which confirmed that tokens like ZBCN are not classified as securities.
Zebec is also actively expanding its ecosystem through strategic partnerships. The project recently collaborated with Payro Finance to introduce on-demand payroll lending and previously teamed up with TurnkeyHQ to offer embedded wallet infrastructure for integrations with major U.S. payroll systems.
