Zebec Network Token Price Skyrockets to Highest Point Since June
The Zebec Network token price has reached its highest point since June, continuing a remarkable trajectory that began on July 6 when it bottomed at $0.00230.
630% Surge in Zebec Network Token Price
Zebec Network jumped to an intraday high of $0.0059, which was up by 630% from its lowest level this year. Its market capitalization has jumped to nearly $500 million.
Rising Investor Demand Fuels ZBCN Price Rally
ZBCN price has been on a strong rally in recent weeks, supported by rising investor demand. CoinMarketCap data shows daily transaction volume frequently exceeds $50 million.
Futures Open Interest Reaches $14.6 Million
Additional data from CoinGlass shows that futures open interest has also trended higher, reaching $14.6 million on Wednesday, August 6. Rising open interest and spot volume alongside price appreciation typically signals growing investor interest.
Staking Volume Surpasses 4 Billion Token Milestone
According to a statement from the developers, staking volume has surpassed the 4 billion token milestone. At current prices, these tokens are valued at over $22 million, with investors earning an average return of 15%.
Strong Fundamentals Drive Demand for Zebec Network Tokens
Demand for Zebec Network tokens has risen as investors react to strong fundamentals. The latest monthly report shows that 230 enterprise clients now use its payroll services, with approximately $43 million in monthly transaction volume, a figure that continues to grow.
Monthly Report Highlights
The report also showed that the number of card issued rose by 7% in May, up by 7% from the previous month. Its monthly volume rose by 7% to $52 million.
ZBCN Price Technical Analysis
The daily timeframe chart shows Zebec Network has been in strong upward momentum after bottoming at $0.00229.
Breaking Above Key Resistance Levels
Zebec has broken above the Woodie pivot point at $0.004590. It also jumped above the Supertrend indicator and is approaching the 23.60% Fibonacci retracement level.
Bullish Momentum Strengthens
The ZBCN price has moved above the 50-day and 100-day moving averages, while the Average Directional Index has moved to 40, a sign that the momentum is strengthening.
Targeting All-Time High
Therefore, Zebec Network price may continue to rise as bulls target the all-time high of $0.007185, about 30% above current levels. A drop below the Woodie pivot point would invalidate this bullish outlook.
As bitpulse continues to monitor the Zebec Network token price, investors can expect further updates on this remarkable rally.