Cardano

DeFi

Bitcoin

Zeebu

Spot

Amid the volatile swings of the cryptocurrency market, the top 20 cryptocurrencies experienced significant selling pressure, with declines ranging from 5% to 15% within a single day. This has put investors on edge, prompting them to seek safer alternative altcoins. Over the past 7 days, Bitcoin and Ethereum have dropped by 12% and 16%, respectively, with Bitcoin hitting a four-month low at $53,700. 
This dramatic sell-off is not merely a reaction to market conditions; it reflects a deliberate strategy. Investors are selling top cryptocurrencies at high prices and purchasing the new DeFi altcoin, like Zeebu, while it remains affordable, anticipating its future surge. Initially popular among retail traders, Zeebu's impressive bullish trend has now caught the attention of major market players, the Whales. 
<img src="https://cdn.thebittimes.com/images/2024/07/09/6b6bf2bf9778ee68267e8b933895d06f.webp" width="624" height="351" style="display: block; margin-left: auto; margin-right: auto;"> 
Source: <a href="https://coinmarketcap.com/crypto-heatmap/" target="_blank" rel="noopener">CoinMarketCap</a> 
While investor favorites like Bitcoin, Ethereum, Binance, Solana, and Cardano are under selling pressure, Zeebu, a leading DeFi payment platform, is showcasing resilience. Its native cryptocurrency, ZBU, has reached a new all-time high of $4.99, maintaining a strong level of positive sustainability. 
Diving into ZBU's Fascinating Bullish Trend 
<img src="https://cdn.thebittimes.com/images/2024/07/09/ca3cdfb17663ff179b8bd04c469eda30.webp" width="624" height="289" style="display: block; margin-left: auto; margin-right: auto;"> 
Source: <a href="https://www.tradingview.com/x/gg0gj09t/" target="_blank" rel="noopener">Tradingview&nbsp;</a> 
On the 4-hour price chart, ZBU is showing a pattern of higher highs and higher lows above an ascending trendline, which serves as a demand zone for buyers. This crucial support level often triggers aggressive buying, reversing any downtrend. The bulls' efforts proved fruitful as they pushed past the all-time high mark of $4.89 within the last 48 hours. Now, the bulls are aiming to surpass the $5.0 range to continue ZBU’s bull run towards the conceptual round level of $10. 
Currently trading at $4.93, ZBU is in bullish territory with a 5% overnight gain after a consolidation phase below the hourly moving averages but above the ascending trendline. Buyers have turned aggressive amid the celebration of the new all-time high, as trading volume jumped 30% in the last 24 hours, presenting attractive investment opportunities. 
Zeebu's Hidden Bullish Breakout: An Upcoming Surge in Sight? 
<img src="https://cdn.thebittimes.com/images/2024/07/09/7811fb2240a5d9596ea5926718d4e17e.webp" width="624" height="289" style="display: block; margin-left: auto; margin-right: auto;">Source: <a href="https://www.tradingview.com/x/8PDqh0TI/" target="_blank" rel="noopener">Tradingview</a> 
The daily price chart reveals a hidden bullish structure indicating a potential upcoming bull run. By projecting an ascending trendline and a horizontal line, an ascending triangle pattern becomes apparent.&nbsp; As the triangle narrowed day by day, buyers experienced a significant breakout, with ZBU gaining around 9% in a single day. This surge highlights new buying activity amid market turmoil. 
If Zeebu surpasses the $5 milestone, the next targets could be $7.0, $8.5, and the significant round level of $10. These levels may be reached in the coming weeks, as bulls find a strong demand zone at the 100-day simple moving average. All essential moving averages are currently below ZBU's price, indicating bullish sentiment for the token. 
Additionally, the RSI indicator is gradually rising, reflecting a positive environment despite the selling pressure on top cryptocurrencies. 
Weekly Chart Reveals Bullish Signals for Zeebu 
<img src="https://cdn.thebittimes.com/images/2024/07/09/781cb253b484bdd5275feab6a4a8ffb4.webp" width="624" height="289" style="display: block; margin-left: auto; margin-right: auto;"> 
Source: <a href="https://www.tradingview.com/x/K4xS1Xvh/" target="_blank" rel="noopener">Tradingview&nbsp;</a> 
On the weekly price chart, ZBU tokens have formed hidden bullish candlesticks this week. After analyzing the previous price rallies, analysts noted that ZBU consistently displayed a strong bullish candlestick pattern, known as the Dragonfly Doji, before experiencing significant upward movements. 
Recently, ZBU tokens have formed a familiar bullish candlestick pattern, suggesting a potential upcoming surge that could drive the token towards the conceptual round level of $10. If the bulls can surpass the crucial $5.0 resistance zone, a rapid rally towards the $7.0 range is anticipated in the coming weeks. 
Conclusion&nbsp; 
Amid the significant selling pressure affecting the top 20 cryptocurrencies and causing substantial declines for major players like Bitcoin and Ethereum, Zeebu has demonstrated remarkable resilience. The continuous rise in its native token price and the recent all-time high achievement in the current bearish market scenarios highlight ZBU as a hidden DeFi altcoin gem. While investors are slightly offloading top cryptos in search of safer alternatives, Zeebu's bullish trend has not only maintained stability but also attracted the interest of major market players.
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/zeebu-surges-to-new-all-time-high-as-buyers-spot-hidden-bullish-structure-amid-market-turmoil-tbt96172.html">https://thebittimes.com/zeebu-surges-to-new-all-time-high-as-buyers-spot-hidden-bullish-structure-amid-market-turmoil-tbt96172.html</a>

Zeebu Surges to New All-Time High as Buyers Spot Hidden Bullish Structure Amid Market Turmoil

TheBitTimes

Other articles published on Jul 9, 2024

Cryptocurrency Statement from US Treasury Secretary Janet Yellen!

Will Solana Follow Ethereum’s Lead? Influencer Sees Memecoin Boom After ETF Approval

Bitcoin Traders Face Record Losses: Is It Time to Buy and Hold?

Ethereum Plunge: Big Players Unable to Curb ETH’s Downturn Trend

Is Robert Kiyosaki Bitcoin Crash Prediction Coming True?

Analyst Says New Filings Set Solana ETF Deadline for Mid-March 2025

Join our free newsletter for daily crypto updates!