The cryptocurrency market has shown signs of recovery, with Bitcoin bouncing back from $55,000 to $69,000 after a period of turbulence. This recovery has also led to increased volatility in the altcoin market, with altcoins like Zeebu reaching new all-time highs and gaining significant attention.
Despite market volatility, Zeebu’s native token, ZBU, has demonstrated resilience by reaching new peaks this month. While the token experienced a slight retracement of about 7%, it was not as severe as declines seen in other altcoins. Currently, ZBU is showing signs of bouncing back, indicating a potential bullish phase ahead.
The overall cryptocurrency market seems to be gearing up for another bull run, as trading volumes indicate a decrease in volatility. This presents an opportunity for investors to consider accumulating altcoins like ZBU, which have the potential for substantial returns. So why should investors focus on Zeebu (ZBU)?
Zeebu is a groundbreaking Web3 settlement platform designed specifically for the telecom industry. It addresses common challenges in the industry such as lengthy remittance periods, security issues, high transaction fees, and a lack of traceability. It sets itself apart by offering quick settlements, low transaction costs, transparency, and traceability through blockchain technology and smart contracts. Additionally, Zeebu provides loyalty rewards for telecom carriers and operators after each successful transaction or settlement.
Since its inception, the ZBU token has shown impressive growth, starting with an initial price of under $1 and providing investors with over 500% returns. It reached an all-time high of $5.18 this month and currently holds a rank within the top 205 cryptocurrencies on CoinMarketCap, with a market capitalization of $1.6 billion.
Zeebu’s strong platform foundation has been the driving force behind its rapid growth. With a settlement volume of $3.3 billion and the announcement of the Zeebu Protocol waitlist, which offers early access to the ecosystem and protocol rewards, ZBU’s value is expected to increase further in a bullish market environment.
Analyzing the performance of the ZBU token, it can be seen that it has maintained support around the 200-simple moving average on the 4-hour price chart, indicating strong bullish activity. Currently trading at $4.93, it has seen a 1% increase in the last 24 hours. Key accumulation zones have been identified at $4.4 and $4.0, serving as significant support levels, while an immediate resistance level is observed at $5.17. If this resistance is broken, ZBU could potentially rally to $7.5 in the coming weeks, with a long-term target of reaching $10 in 2024.
The price action of ZBU has consistently shown higher highs and higher lows since its launch, encouraging investors to buy during both major and minor dips for long-term gains. On the daily price chart, Fibonacci retracement levels indicate demand zones for short-term and long-term investments. ZBU is currently attempting to surpass the 20-day moving average while staying above other important SMAs, such as the 50, 100, and 200-day averages. Additionally, the daily Relative Strength Index (RSI) signals bullish momentum, remaining above the mid-line.
In conclusion, Zeebu’s ZBU token displays strong bullish signals supported by solid fundamentals and a promising market outlook. The recent retracement presents a buying opportunity for investors looking to capitalize on the potential of this Web3 settlement platform. With a growing user base and increasing settlement volume, Zeebu is well-positioned for continued growth. While the cryptocurrency market remains volatile, ZBU’s resilience and upward trajectory make it an intriguing investment prospect.
