ZBCN price breaks out as SEC greenlights DePIN tokens – is reversal underway?

$ZBCN price may be on the cusp of a bullish reversal after breaking out of a descending trendline amid growing momentum across the DePIN sector following recent regulatory clarity.

$ZBCN price technical analysis

Zebec Network ($ZBCN) price has recently broken above a descending trendline that had capped its price action since early August. The breakout also came after the token formed a clear double bottom around the $0.0035 level, a structure associated with bullish reversals. With the neckline at around $0.0046, the measured move target of this pattern projects toward the $0.0057–$0.0060 region, aligning closely with early August highs.

However, after reaching the local peak of $0.0051 yesterday, Zebec Network price is now pulling back, currently trading at $0.0048. The possible area for a retracement would be toward the neckline zone around $0.0046, which has now flipped into potential support.

If selling pressure deepens, the next key area to watch lies around $0.0041, which coincides with the 20 SMA and the 0.618 Fib. Holding above this zone would still keep the bullish reversal structure intact. Only a drop back below $0.0035 would invalidate the double bottom and suggest a return to the prior downtrend.

$ZBCN price breaks out as SEC greenlights DePIN tokens - is reversal underway? - 1">

Source: TradingView

What’s driving $ZBCN price?

Beyond bullish technicals, Zebec Network also benefits from strengthening fundamentals tied to its positioning in the Decentralized Physical Infrastructure Networks sector. The token’s latest rally coincided with renewed interest across the whole DePIN category after the U.S. Securities and Exchange Commission issued a “no action” letter in early October, clarifying that DePIN tokens like $ZBCN are not considered securities.

Additionally, Zebec continues to expand its ecosystem through strategic partnerships. Most recently, the project teamed up with Payro Finance to integrate on-demand payroll lending, and prior to that, it announced a collaboration with TurnkeyHQ to provide embedded wallet infrastructure for its integrations with major U.S. payroll systems.