ZBCN price climbs on Bitvavo listing announcement with eyes on $0.0050
ZBCN price is showing signs of recovery after rebounding from multi-week lows, buoyed by its listing on Bitvavo, Europe’s largest MiCA-compliant exchange. What’s next for ZBCN price?
- ZBCN price has rebounded from recent lows, buoyed by Bitvavo listing announcement.
- A breakout above $0.0038 could fuel a rally toward $0.0045–$0.0050, aligning with the upper boundary of the daily descending channel.
- Failure to hold above $0.0028 key support would confirm a broader descending triangle breakdown, opening door to a potential retest of deeper support around $0.0023–$0.0020.
ZBCN price technical analysis
Zebec Network (ZBCN) price has rebounded from a recent low near $0.0028, testing support along the lower trendline of a descending channel on the daily timeframe.
The recovery gained traction as ZBCN price reclaimed the 9 EMA (cyan) and 21 EMAs (yellow), pushing closer to mid-channel resistance near the 55 EMA (green) at approximately $0.0038. Trading around $0.0036 at press time, ZBCN price is only about 5% below this resistance level.
The rebound appears to have been supported by the recent announcement that Zebec is listing on Bitvavo, the largest European spot exchange and one of Europe’s first MiCA-compliant platforms.
What’s next for ZBCN price?
If Zebec price manages to break above $0.0038, it could confirm a short-term bullish continuation, targeting the upper boundary of the descending channel, currently projecting to around $0.0045–$0.0050. However, a rejection from that zone may trigger another pullback toward $0.0028, which serves as the base of a broader descending triangle formation.
Descending triangle is a bearish chart pattern, so break below this support would confirm bearish continuation, potentially driving ZBCN toward lower support zones around $0.0023–$0.0020.
