Zebec Network (ZBCN) has surged significantly in value following a landmark invitation extended to its leadership team by the British Parliament.
The price of ZBCN has soared by over 35% in just 24 hours, breaking through critical resistance levels and setting the stage for a potential extended bullish run as Bitcoin (BTC), on the other hand, charts its way towards the $140 price target.
The House of Lords invite that has sent Zebec Network (ZBCN) up
The announcement, which dropped on July 7, revealed that Zebec’s Chief Operating Officer Simon Babakhani and Head of M&A Neal Padhye will deliver a presentation at the House of Lords on July 10.
They are set to address an audience that includes Members of Parliament, legal professionals, compliance experts, and whistleblowers.
The session will focus on emerging trends in blockchain regulation, whistleblower protection, and the role of compliance in the evolving financial technology landscape.
The presentation will take place at the Palace of Westminster, adding institutional weight to what is widely seen as a pivotal moment for the blockchain-based streaming protocol.
Zebec’s direct engagement with UK lawmakers offers not only validation but also opens the door for strategic partnerships in regulatory innovation.
ZBCN price surge was accompanied by a volume breakout
Following the invitation announcement, ZBCN’s price jumped from $0.0027243 to an intraday high of $0.0037833, representing a 38.87% gain.
This bullish movement brought the price right to the upper resistance of a falling wedge pattern that had been forming since late May, creating buzz among technical analysts watching for a breakout.
High trading volume during this period lent credibility to the move, as momentum picked up and market participants began anticipating a push toward the $0.0040 level.
Although Zebec Network (ZBCN) has briefly pulled back to around $0.0036, the upward trend remains intact, supported by a higher low near $0.0024, which now acts as a key technical support level.
The MACD indicator on the daily chart is also signalling a potential bullish trend, with the RSI already above the middle line of 50, up from the oversold regions where it was two days ago.
Seeing that the cryptocurrency has already broken past CoinLore’s short-term target of $0.00334, traders believe it could spark a sustained rally that targets $0.0040 in the short term.
Eyes on $0.0040 as traders weigh next move
The $0.0040 mark has already served as a formidable supply zone in past price action, and traders now see it as a critical line in the sand.
A clean breakout above this level could attract a fresh wave of bullish interest, pushing the price toward the next resistance band around $0.0046 to $0.0050.
On the other hand, failure to breach the wedge resistance may result in consolidation or a drop back into the descending pattern, potentially invalidating the bullish setup.
Nonetheless, the latest fundamental catalyst — Zebec’s invitation to a global policy platform — has injected new confidence into the token’s outlook.