In the ever-changing world of cryptocurrency, major players have experienced significant retracement phases, especially after Bitcoin reached its all-time high and underwent a correction. However, amidst this volatility, Zeebu is emerging as a standout with strong bullish momentum.
With the highly anticipated event of Bitcoin Halving on the horizon, the cryptocurrency market is experiencing high volatility. There is a belief that the halving could lead to the next bull run, benefiting the entire altcoin market. Within this bullish wave, Zeebu’s ZBU token is showing a hidden bullish pattern, presenting an opportunity for investors to potentially earn substantial returns.
Zeebu is a unique DeFi platform designed specifically for the telecom industry, streamlining payments and invoice settlement. Positioned as the Web3 Neobank in the telecom sector, Zeebu addresses the significant challenges faced by telecom operators, including security issues, long remittance delays, and lack of transparency in traditional finance.
By bridging the gap between traditional finance (TradFi) and Decentralized Finance (DeFi), Zeebu has facilitated over 21,100 invoice settlements on its DeFi platform. Telecom carriers, operators, and businesses not only use ZBU for settlements and global transfers but also have the opportunity to earn rewards with each successful transaction. The numbers speak for themselves, with Zeebu crossing a transaction volume of over $1.5 billion and aiming for even greater achievements.
Taking a closer look at the ZBU token price, it is currently holding steady at $4.82 with minimal fluctuations in the past 24 hours. Recent developments have resulted in ZBU climbing to the #210 rank on CoinMarketCap, with a market capitalization of $1.58 billion. Although the price has remained relatively stagnant in the past few days, a surge in trading volume overnight, up by 20% to $39 million, indicates increased investor interest and the potential for further upward movement.
Examining the daily price chart, ZBU has been in a consolidation phase for the past two weeks after reaching its all-time high of $4.94. This accumulation period often serves as a precursor to a rapid bull run, similar to a bullish pattern observed in November.
For those wondering how ZBU maintains its strength amidst market volatility, the Correlation Coefficient indicator provides insight. With the CC indicator hovering around the -0.40 range, indicating a weak correlation between ZBU and BTC, investors need not be overly concerned.
Looking at the 20-day moving average, it reveals insights into ZBU’s potential for achieving another all-time high. Following a two-week accumulation phase, ZBU trading has been confined to a narrow range. However, this accumulation period could quickly transition into the next bullish rally as the 20-day moving average acts as a demand zone. Investors may choose to aggressively accumulate ZBU tokens in anticipation of reaching the next all-time high, potentially approaching the $7.0 mark in the coming weeks.
The Average Directional Index (ADX) for ZBU continues to hover around the 52 range, indicating strength in the altcoin. This bullish signal suggests hidden indications of an upcoming uptrend.
In conclusion, the analysis of Zeebu (ZBU) suggests that the token is preparing for the next bull run after a consolidation phase. Prominent technical indicators indicate a hidden bullish sign in the ZBU token, pointing towards a gradual buildup towards reaching the $7 milestone as a new target.
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