ZBCN price is in the midst of a textbook reversal, targeting $0.0064 and could push even higher as the upcoming Kraken listing adds fuel to the bullish momentum.
Summary
- ZBCN price has completed a textbook double-bottom reversal, establishing a higher high at $0.0054 and a higher low at the retest zone, signaling a shift to an uptrend.
- The upcoming Kraken listing on October 15 adds to Zebec’s strong lineup of major exchange listings.
- The token also benefits from its ongoing buyback program, with the most recent repurchases in July–August totaling around 15.2 million ZBCN.
Zebec Network (ZBCN) price has recently broken its downtrend with a classical double bottom reversal, printing two clear lows around the $0.0035 support level and a $0.0045 neckline. The breakout was confirmed by rising volume and a clean retest of the breakout zone near $0.0044.
After the breakout, ZBCN price established its first higher high at $0.0054, effectively completing the measured move of the double-bottom pattern in textbook fashion. This was followed by a higher low at the retest zone, confirming the reversal from downtrend to an uptrend.
If ZBCN price replicates the strength of its initial impulse move from $0.0035 to $0.0054, bullish momentum could push it toward a continuation leg targeting around $0.0064, marking a ~30% gain from the current price of $0.0049.
Source: TradingViewUpcoming CEX listing and buybacks boost ZBCN price outlook
With the Kraken listing coming up on October 15, ZBCN price looks set to hit that target. The market is already reacting, with trading volume remaining elevated—up 80% over the past 24 hours following the announcement.
The Kraken listing adds to Zebec’s already impressive lineup of major CEX listings, including OKX, Bitget, KuCoin, Crypto.com, MEXC, Gate.io, BingX, and more. However, Bybit and Binance, the two biggest exchanges by global trading volume, still haven’t listed ZBCN, which means there’s even more potential upside to wait for.
ZBCN price also benefits from its buyback program. The most recent buybacks were conducted in July–August, when the team repurchased around 15.2 million ZBCN using revenue from Zebec Card transactions.
Source: https://crypto.news/zbcn-price-reversal-gains-steam-ahead-october-15-kraken-listing/
