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Zebec Network’s price jumped 20% following the announcement that the project’s leadership will speak at the British Parliament’s House of Lords on July 10, sparking a bullish breakout attempt that could propel the price to $0.0040.
Zebec Network ($ZBCN) price is up 20% in the past 24 hours, likely boosted by news that its leadership has been invited to speak at the British Parliament – House of Lords on July 10. Addressing an audience of MPs, regulators, legal experts, and compliance professionals at the Palace of Westminster, COO Simon Babakhani and Head of M&A Neal Padhye will discuss topics like compliance, whistleblower protections, and blockchain regulation.
🇬🇧 Zebec Leadership to speak in the British Parliament – House of Lords on Regulation and Compliance on July 10.
— Zebec Network (@Zebec_HQ) July 7, 2025
Zebec Network has been invited to present at the Palace of Westminster, addressing key industry topics from compliance to whistleblower policies, and advising on… pic.twitter.com/hUKvYYpW7N
The announcement dropped on July 7, propelling $ZBCN price from an opening price of $0.0027243 to an intraday high of $0.0030977 on July 9, marking a 13% surge. This move brought the price right up to the upper trendline of a falling wedge formation that has been developing since late May on the 4-hour chart. The rally was supported by strong volume, lending credibility to the bullish breakout setup as price action tightens into the apex of the wedge.
$ZBCN price is now pulling back slightly from the rally, currently trading at $0.0029. If the price holds above the recent higher low near $0.0024 and breaks above the wedge resistance (around $0.0031), it could confirm a breakout pattern. The first bullish target on a confirmed breakout lies at around $0.0035-$0.0040, where the price was rejected repeatedly on previous attempts in late June to early July. This area now acts as a critical supply zone and potential profit-taking region for short-term traders.
A sustained move above $0.0040 could open the door for further upside toward $0.0046–$0.0050, aligning with the previous swing highs. However, failure to break above the wedge resistance would likely keep the price compressing within the pattern. The wedge setup would be invalidated if $ZBCN price falls below its lower trendline, shifting into a potential bearish continuation within a descending channel.