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The price of Zebec Network has experienced a substantial drop this month, undoing much of the progress it had achieved in May.
Zebec Network (ZBCN), aspiring to be a significant force in the payment sector, saw a steep drop to $0.0040, representing a 47% decrease from its peak this year. This tumble resulted in a substantial reduction of $317 million in market capitalization, bringing it down from $537 million to $220 million.
The price of ZBCN decreased, even though it made significant efforts to expand its ecosystem. For instance, Zebec purchased Science Card, a rapidly expanding fintech firm boasting over 50,000 users in the UK.
Additionally, Zebec acquired Gatenox, a company specializing in compliance solutions, such as customer identification, business verification, and anti-money laundering measures. Zebec intends to incorporate these tools to strengthen compliance throughout their entire system.
Currently, Zebec is making efforts to boost its brand recognition by launching an ad campaign centered around its swift payroll processing services, allowing employees to access their wages immediately.
Get a sneak peek at our fresh TV advertisement set to air on prominent channels this summer.
Life doesn’t pause. Shouldn’t your income keep up?
Zebec helps you seize every second by offering immediate earnings—funds directly deposited as you earn them, with no waiting periods. Experience real-time pay for the real world. 🚤
— Zebec Network (@Zebec_HQ) June 10, 2025
The latest dip in ZBCN’s value can be linked to multiple reasons. Initially, it seems that profit-taking might be a significant factor, given the token increased almost 900% from its May low to high. Such declines after rapid increases are often observed following extraordinary growth spikes, which are typically referred to as parabolic moves.
Following the chart analysis, it appears that the token is now moving into the distribution phase according to the Wyckoff Theory, as its price action suggests. From July of last year until May of this year, ZBCN’s trading has been confined within a narrow range, which could indicate an accumulation period.
As a researcher, I recently observed that in May, the asset underwent a markup phase, followed by distribution and markdown. This period has shown a notable dominance of selling pressure over demand. Given this structure, it’s possible that ZBCN could continue to decline and retest its support level at $0.003340, which was its peak in April 2024, before potentially resuming its upward trend.
It appears that Zebec Network suffered a downturn as well, with interest in its token decreasing. According to Santiment’s data, the dominance of social media conversation dropped significantly to just 0.016% on Tuesday, representing a substantial decrease from the previous level of 0.332% on May 29.
As a researcher, I’ve been tracking the trends in the futures market for this specific token, and it’s quite intriguing. The open interest has significantly decreased from $30 million on May 30 to $12 million today, suggesting a reduction in the number of active contracts. Simultaneously, the funding rate has stayed negative since May 20, implying a bearish outlook among traders. This suggests they anticipate the token’s future price to remain below its current market price.
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2025-06-10 22:19