Crypto Drama: ZBCN’s 395% Surge – Will It Last or Is It Just a Fickle Fad?

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  • Ah, the Zebec Network, gallantly expanding its horizons to the UK, offering prepaid cards and a lifeline to students. How noble! 🎓
  • Its native token, ZBCN, has not merely risen; it has exploded like a firework on a summer night, boasting a 10x increase since April and a staggering 400% surge in May. 💥

Behold the Zebec Network [ZBCN], a multi-chain DeFi protocol that has taken the art of payments and stablecoin-based payroll to dizzying heights, soaring 10x in the second quarter. One might say it has mooned, but let us not be crude. 🌙

On the 29th of May, our dear ZBCN added a delightful 14% to its already inflated ego, thanks to its acquisition of Science Card, which now offers prepaid cards to the ever-deserving UK students. How generous! 🎉

In the past 30 trading days, this token has surged a remarkable 395% and over 900% (yes, you read that right) since April. But the question lingers in the air like a fine perfume: will this winning streak continue, or is it merely a mirage? 🤔

Assessing the ZBCN crypto rally

Upon examining the charts, one finds key indicators revealing a strong demand (RSI) and a market more volatile than a cat on a hot tin roof (high Average True Value, ATR, red). The asset has gained over 70% this week alone, and may continue its ascent if the demand remains as fervent as a lover’s whisper. 💖

However, dear reader, the RSI finds itself in the oversold territory, and a correction cannot be dismissed as mere folly. Should this occur, a dip to $0.005 (the white zone) or the 0.5 Fib retracement level ($0.004) could present new buying opportunities. How delightful! 🛒

In such a scenario, the token could re-target $0.007 or even extend to the next Fib level of $0.001, offering an extra 55% if it dares to reach such heights. But beware! The bullish thesis would be invalidated if the price were to drop below the 0.5 Fib level and the EMA (Exponential Moving Average) bands. A tragedy indeed! 🎭

Leverage-driven pump

Another risk factor for this token’s explosive run was the massive leverage, akin to a tightrope walker without a safety net. In the past three days, ZBCN rallied +60%, yet spot market demand has declined, as shown by the spot CVD (Cumulative Volume Delta). How curious! 🧐

On the contrary, leverage, illustrated by the spike in Open Interest (OI), increased by a staggering 113%, suggesting an uptrend that may be as sustainable as a soap bubble. 🧼

It is worth noting that there exists little overhead liquidity pool beyond $0.008. Yet, below the price action, a massive liquidation pool of leveraged longs lurks around $0.004 (the orange zones). A veritable treasure trove! 💰

In the event of a liquidity-driven correction, this level could act as a price magnet, drawing in the unsuspecting. Interestingly, this area aligns with the 0.5 Fib level highlighted on the price charts, suggesting it could be a splendid buying opportunity during a pullback. How fortuitous! 🍀

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2025-05-30 21:14