Zebec Network's native token, ZBCN, forms a classic symmetrical triangle pattern – a structure that typically signals a period of consolidation before a decisive breakout. While the setup may appear neutral at first glance, the chart suggests that a robust move in either direction may very well be on the horizon.
ZBCN price tightening inside the triangleThe conclusion
ZBCN price tightening contained in the triangle
At press time, ZBCN is trading at around $0.00354, hovering near the center range of the triangle.
The consolidation phase could extend towards $0.00416 and align with the 0.382 Fibonacci retracement level, representing a 17.4% increase from current prices. Sustained momentum above this level could open the door to a breakout towards $0.00866, representing a formidable 145% upside potential.
ZBCN/USDT three-day price chart. Source: TradingView
However, if the token continues to drift sideways inside the triangle, it could retest the 0.236 Fib line at $0.00345, which also represents horizontal support.
A rebound from this region could trigger one other rally towards the $0.00718 level. That's a possible gain of 102% from today's value, assuming the breakout follows the historical behavior of a symmetrical triangle.
While symmetrical triangles often function continuation patterns, they also can signal reversals, suggesting that traders should exercise caution.
A transparent break below the lower trendline could invalidate the bullish thesis and push ZBCN towards $0.00229, the subsequent structural support level. That would represent a 35% decline from current levels and wipe out much of the recent recovery gains.
Volume trends suggest there are still buyers, but the shortage of a transparent breakout direction reinforces the neutral tone. RSI readings around 45-47 proceed to substantiate indecision and show no signs of utmost momentum on either side.
The conclusion
ZBCN’s symmetrical triangle signals a vital turning point for the token. A breakout above $0.00416 to $0.0047 could speed up an uptrend towards $0.007 to $0.0086 and supply significant upside potential for early long positions. However, failure to keep up the range between $0.0034 and $0.0032 could lead to the structure turning bearish and the token facing deeper corrections.
In short, ZBCN is a “close watch” play – the subsequent outbreak will likely determine its trajectory for the approaching months.
