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crypto.news 2025-06-10 18:56:35

Here’s why Zebec Network token price is crashing

Zebec Network price has suffered a sharp reversal this month, erasing a significant portion of the gains made in May. Zebec Network ( ZBCN ), which aims to become a major player in the payment industry, dropped to $0.0040, down 47 percent from its highest level this year. This decline led to a $317 million wipeout in market capitalization, falling from $537 million to $220 million. ZBCN price has fallen despite several major moves to grow its ecosystem. For example, Zebec acquired Science Card , a fast-growing fintech company with more than 50,000 users in the United Kingdom. Zebec also bought Gatenox , a firm focused on compliance services, including know-your-customer, know-your-business, and anti-money laundering features. Zebec plans to integrate these tools to enhance compliance across its platform. You might also like: Pi Network price prediction: technicals hint at possible 160% breakout Zebec is now working to popularize its brand by releasing an advertisement focusing on its payroll processing solutions that lets workers receive their salaries instantly. Enjoy a first look at our new TV campaign — coming to major networks this summer. Life doesn’t wait. Why should your pay? Zebec makes every moment count with real-time earnings—money in your account as you earn it. No delays. Real-time pay for real life. ⛵️ pic.twitter.com/BvGDXmRlM7 — Zebec Network (@Zebec_HQ) June 10, 2025 ZBCN’s recent decline is attributed to several factors. First, the drop is likely driven by profit-taking, as the token surged nearly 900 percent between its May low and high. Pullbacks of this nature are common following parabolic moves. Second, the price action suggests the token has entered the markdown phase of the Wyckoff Theory. As the chart shows, ZBCN traded within a tight range between July last year and May this year—an accumulation phase. It then entered a markup phase in May, followed by distribution and markdown, where selling pressure outweighs demand. Under this structure, ZBCN may drop further and retest the support level at $0.003340, its April 2024 high, before attempting to resume its uptrend. ZBCN price chart | Source: crypto.news Zebec Network has also crashed as hype surrounding the token waned. Santiment data shows that the social media dominance plunged to 0.016% on Tuesday, down from 0.332% on May 29. A similar trend is visible in its futures market. Open interest dropped from $30 million on May 30 to $12 million today. Meanwhile, the funding rate has remained negative since May 20, indicating bearish sentiment as traders expect the token’s future price to stay below the spot price. You might also like: XRP price stalls as Ripple inks deal with $350b asset manager

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