The Zebec Network went parabolic this week, reaching its highest level since June 2nd this year. The ZBCN price was trading at $0.0051, up by over 70% from its lowest level in June.
The ZBCN price soared after Zebec Network continued to gain popularity. A recent report showed that the Zebe Cards handled over $52 million last month, while its payroll volume jumped to over $41 million.
The Zebec price is likely to continue gaining momentum in the next few months as the company expands its partnerships and integrations. For example, it will soon be integrated on Algorand, one of the largest layer-1 networks in the world.
Zebec Network continued its partnership growth this week as it reached a deal with OctaSpace (OCTA). This partnership enables users to deposit and spend OCTA tokens within its network. This deal makes OctaSpace the 15th blockchain supported on Zebec’s cards.
Zebec is aiming to become a major player in the crypto payment industry, primarily offering two solutions. It has a large payroll processing arm that helps companies to simplify their payment solutions, especially for those with employees or freelancers from around the world.
Zebc also has a card business that enables users to load their cash and spend around the world. It recently bolstered this business by acquiring Science Card, a small, fast-growing company in the United States.
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ZBCN Price Technical Analysis
The daily chart shows that the Zebec price bottomed at $0.002290 on July 6 and then started rebounding. It has jumped by over 130% from its lowest level this year.
Zebec Network price then rebounded and moved above the key resistance level at $0.0040, its highest swing on July 11, confirming the bullish breakout.
Meanwhile, the Relative Strength Index (RSI) has pointed upwards and moved close to the overbought level of 70. The MACD indicator has moved above the zero line, a sign that it is gaining momentum.
Therefore, the most likely scenario is that the Zebec token continues to rise, with the next key point to watch being at $0.0071, the highest swing on May 30th, and 40% above the current level.
The bullish Zebec Network price will become invalid if it drops below the key support level at $0.0040. A drop below that level will invalidate the bullish ZBCN forecast.
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