Zebec Network has staged a powerful bounce from key support levels, fueling speculation of a rally toward its previous all-time high. With volume influxes rising and bullish momentum intact, the stage is set for a potentially explosive continuation.
Summary
- ZBEC Network has bounced strongly from high timeframe confluence support, reinforcing its bullish structure.
- A reclaim of the value area high could trigger an explosive rally.
- Rising bullish volume influxes support continuation toward the previous swing high.
Zebec Network (ZBCN)’s recent price action highlights strong demand at major confluence zones, reinforcing bullish momentum across higher timeframes. After tapping into critical support, the asset has established a foundation that suggests further upside may follow. The structural integrity of the market remains intact, with higher highs and higher lows continuing to dominate the chart.
Key technical points
- High Timeframe Support: Bounce from strong confluence support formed by the 0.618 Fibonacci, point of control, and value area low.
- Value Area High Resistance: Next major level to reclaim before a potential explosive rally toward the swing high.
- Bullish Market Structure: Consecutive higher highs and higher lows on the daily timeframe indicate sustained demand.
Zebec Network has respected a critical confluence support zone to the dollar, creating a strong foundation for bullish continuation. This region, composed of the 0.618 Fibonacci retracement, the point of control, and the value area low, has held firm and triggered a high-timeframe bounce. The precision of this level being defended confirms strong underlying demand, reinforcing the bullish outlook for continuation.
From a structural perspective, Zebec Network maintains a bullish p
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Author: Aziz Zamani