**Zebec Network (ZBCN) pullback** after strong breakout, entering major technical support zone. How can I predict its future movements?
7/22/2025 12:06am
The Zebec Network (ZBCN) is experiencing a pullback after a strong breakout, but is entering a major technical support zone. To predict its future movements, consider the following technical analysis points:
1. **Current Support Zone**: ZBCN is consolidating within a key support zone between $0.002 and $0.0035. As long as the price holds this range, it could signal a bullish continuation.
2. **Recent Price Action**: The price has seen a 15% increase, testing resistance between $0.0036 and $0.0038. This level has been challenging for upward momentum, but a sustained hold could indicate a potential breakout.
3. **Volume and Liquidity**: A sharp, volume-backed rally could signal a retest of higher levels. Monitoring liquidity and volume will be crucial in predicting future movements.
4. **Technical Indicators**: The technical analysis suggests a strong sell signal from moving averages, but a neutral signal from oscillators. This indicates a potential for a reversal if the right catalysts appear.
5. **Market Sentiment**: The recent engagement with policymakers and regulators at the UK House of Lords may have boosted market sentiment. Continued positive developments could support upward movement.
In conclusion, while ZBCN is currently experiencing a pullback, the strong support zone and recent price action suggest a bullish outlook. To predict future movements, keep a close eye on the stock's ability to hold the current support level, volume and liquidity developments, and any relevant market sentiment or regulatory updates.