tl;dr
Zebec Network (ZBCN) has surged 440% in the past 30 days, maintaining a strong uptrend despite recent slowing momentum. The BBTrend indicator remains positive at 16.64, showing sustained bullish momentum, though lower than its recent peak. The ADX at 45 indicates a strong trend with minimal bearish ...
Zebec Network (ZBCN) has surged an impressive 440% over the past 30 days, establishing itself as a top-performing altcoin despite a recent cooling in momentum. The BBTrend indicator remains positive at 16.64, signaling sustained bullish momentum, though this is lower than the recent peak of 53.9. This sustained level above zero for nearly two weeks suggests the uptrend remains intact even as buying intensity slows.
The Directional Movement Index (DMI) analysis supports a strong price trend for ZBCN, with the Average Directional Index (ADX) at 45 indicating robust trend strength, slightly down from a peak of 57.9 but still far above the 25 threshold that marks a strong trend. Meanwhile, bullish momentum ( DI) stands at 25, significantly exceeding bearish pressure (-DI) at 9.7, which remains minimal. This combination suggests the market continues favoring an upward trajectory, albeit with a possible pause or consolidation ahead.
Technically, ZBCN's exponential moving average (EMA) structure is strongly bullish, with short-term EMAs well above long-term averages and a visible gap between them, demonstrating solid upward momentum. A key resistance lies at $0.0069; surpassing this level could open the door to a breakout targeting new highs near $0.0080, signaling further upside potential.
However, risk remains on the downside if support levels fail to hold. A breach below $0.00536 could instigate a correction toward $0.00384, with deeper drops possible down to $0.00196 or even $0.00146 under sustained bearish pressure. This underscores the importance of monitoring support zones to gauge any reversal or consolidation phases.
Overall, Zebec Network is positioned solidly in a bullish uptrend supported by multiple technical confirmations, but traders should be alert for short-term momentum shifts. The coming days will likely determine whether ZBCN can overcome resistance confidently and continue its remarkable rally or if a cooling period will lead to consolidation or corrections.