Zebec Network has demonstrated strong signs of accumulation following a corrective pullback from recent highs, confirming a bullish retest at a key support level.
Key Technical Points
Zebec Network is showing a bullish retest in the range of 0.002–0.0035 satoshis. Key points include:
*Bullish retest at 0.002–0.0035 sats:* Major support holding with clear reaction from buyers. *Fibonacci and structural confluence:* The 0.618 level overlaps with historic demand zone. *Volume remains subdued:* Indicating potential for further consolidation before breakout.
Prospects for Further Movement
Zebec Network's recent bounce from support came with a sharp, impulsive reaction, often indicating that smart money is stepping in at discounted prices. While price action has stalled somewhat, the fact that it remains above the support zone is technically significant and increases the likelihood of a reclaim of the local high.
Expectations for Upcoming Price Action
Zebec Network is currently in a healthy consolidation above key support. If volume returns and price holds the current range, the setup favors a bullish continuation targeting the value area high and beyond. Expect accumulation with a bias toward upside once volume confirms the move.
Zebec Network has growth potential if the price stabilizes and volume increases, creating conditions for further achievement of new local highs.
