Is Zebec Crypto the Next Big Thing or Just Another Digital Mirage? 🤔💸

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  • Ah, the valiant Zebec crypto, clinging to its bullish dreams on the 1-day chart, despite Monday’s little hiccup!
  • And behold! The 4-hour chart reveals a short-term range formation, like a cat playing with a ball of yarn.

On the fateful day of June 16, the Zebec Network [ZBCN] made a gallant attempt at recovery. The $0.00395 support level stood firm, like a stubborn old man refusing to leave his favorite chair. The bulls, emboldened by Bitcoin‘s [BTC] audacious leap to $108k, tried to kickstart an uptrend. But alas, the universe had other plans!

But wait! Bitcoin’s reset sent the ZBCN bulls scurrying like mice at the first sound of a cat. The 1-day chart still showed a bullish swing structure, but the Fibonacci retracement levels whispered of impending doom at $0.00395, $0.00318, and $0.00209.

The 50% level, once a bustling demand zone, now felt like a ghost town. The influx of demand has slowed to a crawl, like a tortoise in a marathon. The OBV? Oh, it’s just lounging around, moving sideways while daily trading volume takes a nosedive after that wild rally to $0.0072 in late May.

Meanwhile, the CMF, that fickle friend, remains above +0.05, hinting at capital inflows favoring the bulls. But come June, it decided to take a vacation, dropping from a high of +0.35 earlier in the month. And the Supertrend indicator? Still flashing a buy signal, like a neon sign in a deserted town.

If the volume trends don’t pick up, Zebec crypto might find itself struggling to stay above the $0.00395 support level. Talk about a nail-biter!

Zebec crypto range signals potential long positions for traders

In the last ten days, ZBCN has been dancing within a range (purple) from $0.00392 to $0.005. The 4-hour chart showed a rejection at the range high on Monday, followed by a steady drop below the mid-range level at $0.00448. Classic case of “what goes up must come down!”

The moving averages revealed that the previous bearish momentum had transformed into a sideways trend, like a lazy river. The OBV? Oh, it’s just sinking towards last week’s low, no big deal.

This indicates heightened selling pressure over the past 24 hours. The CMF has also sunk to -0.01, showing no sizeable capital flows into or out of the ZBCN market. It’s like a party where no one shows up!

Overall, the range low should be defended. The D1 and H4 charts aren’t showing overwhelming selling volume. If Bitcoin can manage to steady its descent below $105k, Zebec crypto traders might just hold onto their hats and hope for a recovery from the $0.00395 support. Fingers crossed! 🤞

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2025-06-18 09:15