Zeebu

In the initial month of 2024, the cryptocurrency market went through significant fluctuations following the notable surge of the leading cryptocurrency Bitcoin (BTC) to its highest point in two years. Despite the heightened volatility, the global market capitalization maintained stability above the $1.5 trillion range last month and is currently standing at $1.6 trillion.Over the past 30 days, numerous alternative coins (altcoins) have exhibited impressive growth, actively capitalizing on the positive trend set by Bitcoin. Meanwhile, $Zeebu, the innovative cross-border invoice settlement platform catering to the telecom industry, has captured the attention of astute investors with its ongoing price rally and robust positive price structure. The native cryptocurrency of #Zeebu, $ZBU, has garnered widespread recognition, especially after surpassing the $1.0 threshold, prompting bulls to closely monitor its trajectory.Zeebu has swiftly made its mark in the cryptocurrency realm, impressing enthusiasts with its platform performance and the token&#39;s remarkable growth. Within just a few months of its introduction, Zeebu has recorded a transaction volume exceeding 700 million on its platform, and the token has surged by 300%, instilling confidence among investors.Zeebu Continues to Mirror Bitcoin&#39;s Path<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8aa8e111654c43c780126fe1bdc978e3.png" />Source: <a href="https://coinmarketcap.com/currencies/zeebu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>After a thorough analysis of the #ZBU token&#39;s past performance, it&#39;s evident that it has been mirroring the trajectory of Bitcoin. The correlation between ZBU and BTC remains strong in terms of trend, and there is a likelihood of a rapid rally in ZBU tokens as Bitcoin heads towards retesting its all-time high level in 2024.Recently, the Zeebu (ZBU) token underwent a retracement phase after reversing its all-time high of $3.5. During this retracement, the ZBU token slipped below the crucial level of $3.0. However, bulls quickly took charge, successfully recovering the ZBU price above the $3.0 range as of now.The growth on the charts is a reflection of Zeebu’s strong fundamentals, the payment and settlement platform, which was only launched recently has shattered the norms and created history by settling more than $700 Million worth of transactions, inches away from crossing the $1 Billion mark.What prompts the surge in investor interest in Zeebu in 2024?The price structure of the Zeebu token reveals a potential for rapid bullish momentum, evident in every price chart. While any financial asset doesn&#39;t follow a unidirectional momentum, similarly, the ZBU token has encountered minor retracement phases amid its ongoing upward momentum.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d128de73cac943049899343b1287ea73.png" />Source: <a href="https://www.tradingview.com/x/9aSlRk1u/" rel="noopener noreferrer nofollow">Tradingview </a>Upon close analysis of the ZBU token&#39;s daily price chart, it reveals the formation of a rising wedge pattern, having recently rebounded from its support trend line. This suggests that the token is poised for a strong performance in the upcoming weeks, possibly reaching a new all-time high above the $3.5 range.For this month, bulls may face a broad range, with the all-time high level of $3.5 serving as an immediate bullish hurdle, and the $2.2 range acting as a demand zone if bulls struggle to keep the ZBU token within the rising wedge pattern.Undoubtedly, the bulls find a robust defending zone at the 20-day simple moving average, witnessing numerous bounce-backs from this area. Consequently, a bold price prediction suggests that ZBU could potentially reach the $4.0 mark this month. The continuously increasing RSI indicators further support this prediction, signalling a strong bullish outlook for the altcoin.Closing thoughtsDespite a slight accumulation phase in the crypto market due to Bitcoin&#39;s recent retracement, $Zeebu ($ZBU) is establishing robust price structures. Technical indicators such as volume, RSI, and Moving Average solidify this bullish perspective, potentially leading ZBU investors to celebrate a new all-time high once again.

Zeebu's Journey: From $1.0 to $4.0 — An In-Depth Analysis of a Cryptocurrency Success Story

ItsBitcoinWorld

Other articles published on Feb 7, 2024

Bitcoin Price Prediction: MicroStrategy Bolsters BTC Holdings With $37 Million Purchase As Expert...

US Regional Bank Stocks Tank; Did the Banking Crisis Ever End?

Curve DAO Token Forecast: Will CRV Price Bounce Back from $0.47?

Soulbound: Investors Missing Out On This Unique Cryptocurrency

Memeinator and Dymension are thriving as crypto demand wanes

MicroStrategy Buys $37 Million More Bitcoin, Bringing Total To $8.1 Billion, As Michael Saylor Sa...

Join our free newsletter for daily crypto updates!