Zebec Network’s native token ZBCN has extended its explosive rally, gaining more than 600% this month and reaching a record high of $0.0055. The token has now risen for nine consecutive days, propelling its market capitalization past $410 million as investor interest skyrockets.
ZBCN Rally Fueled by Spike in Futures and Social Buzz
The ZBCN rally has been supported by a sharp increase in futures open interest, which soared to $12.27 million, up from just $2.43 million earlier in May. Major activity has been concentrated on exchanges like Bybit, MEXC, and Gate, signaling a surge in speculative interest.
Rising open interest typically suggests increased liquidity and strong demand, reinforcing the bullish narrative.
Simultaneously, social media sentiment around Zebec has exploded. Data from Santiment shows social volume for ZBCN reached an all-time high of 7, up from 1 earlier this month, while its social dominance score also hit a record. This surge in attention suggests growing FOMO (fear of missing out) among retail traders.
Adding to the momentum, the number of ZBCN holders has grown to 58,776, an all-time high, compared to less than 50,000 just weeks ago.
What Is Zebec Network?
Zebec Network is a Solana-based payment utility platform offering a range of services including:
- Cross-border remittances
- Payroll processing
- Mastercard-enabled debit cards
Following its 2023 acquisition of Paybridge, the platform now supports over 250 partner companies in automating payroll and reducing transaction costs. According to the company, Zebec serves more than 50,000 monthly users across 138 countries, making it one of the more widely adopted platforms in the Web3 payment space.
Technical Analysis: Overbought But Bullish
From a technical standpoint, the daily chart shows ZBCN recently broke above a key resistance level at $0.002137, completing a cup-and-handle pattern a classic bullish continuation signal. The token has now surpassed the pattern’s target of $0.0035, confirming the breakout.
However, caution is warranted. The Relative Strength Index (RSI) has surged to 90, with both the Stochastic Oscillator and momentum indicators also flashing extremely overbought conditions. Additionally, Zebec’s funding rate has remained negative since May 21, suggesting that traders are bracing for a near-term correction.
Analysts expect a potential “break-and-retest” scenario, where ZBCN could temporarily decline to retest the previous breakout zone before resuming its uptrend. This would be a healthy pullback and a sign of sustained strength if buyers step in.
Zebec Network’s explosive rise is being driven by a confluence of factors: massive volume, surging open interest, retail FOMO, and growing adoption of its payment solutions. While the short-term outlook suggests a possible correction due to overbought conditions, the broader trend remains bullish.
If support levels hold and demand continues, Zebec’s rally could represent one of the most significant altcoin breakouts in 2025 especially as more users explore non-traditional crypto payment systems built on high-speed networks like Solana.
