The cryptocurrency market is continuing its steadfast growth, spurred by Bitcoin’s significant breakout above the $30,000 range. As a result, altcoins have begun their upward trajectory, contributing to the overall cryptocurrency market reaching a yearly high of $1.33 trillion on November 6.
In line with Bitcoin’s momentum, ZBU, the native cryptocurrency of Zeebu, is emerging as a potential contender to watch closely in the market. It has achieved an impressive 66% gain over the past month. Zeebu’s token was introduced just a few months ago, and its sustained rally has now firmly placed the ZBU token in the spotlight.
Analyzing the Catalysts Driving ZBU Token’s Bullish Momentum
Zeebu has been actively pursuing partnerships, taking on sponsorship roles in crypto-related events, and swiftly securing listings for its ZBU token on some of the world’s largest cryptocurrency exchanges. In late October, the ZBU token was successfully listed to both Bitmart and Bitforex exchanges. These milestones have significantly bolstered the price of the loyalty token.
In the midst of a positive environment, ZBU, the native token of Zeebu, is trading at a robust $1.55 against USDT. Buyers are cautiously accumulating ZBU tokens, as evidenced by an 8.3% increase in trading volume to $6.16 million over the past 24 hours, according to CoinMarketCap data. This favorable action reveals the bulls’ latent strength and suggests that ZBU is poised for further gains.
During the ZBU token’s listing on Bitmart and Bitforex exchanges, it witnessed a remarkable surge, reaching a new all-time high of nearly $1.9, as indicated above in the chart. It’s intriguing to observe that the trading volume also reflects a substantial surge in buying interest on both November 27 and November 30.
Gate.io Welcomes Zeebu: Key Insights on the Latest Listing
In a recent announcement, Zeebu unveiled its plans to be listed on the esteemed crypto exchange, Gate.io, scheduled for November 9. It’s worth emphasizing that this new development holds the potential to drive the ZBU token’s price toward the $2 resistance level, and possibly even lead to a new all-time high.
After reviewing the daily price chart,it’s evident that the ZBU token has recently established a support level at approximately $1.6 and is actively in the process of surmounting the price retracement phase above the support trendline (indicated in blue). Consequently, bullish investors are setting their sights on the $2.0 milestone, which can be achieved around the listing on Gate.io exchange.
It is worth noting that, ZBU token has a bullish potential in the coming days. Regardless, if the ZBU token fails to hold above the immediate support, the $1.3 range could act as a demand zone, posing a huge opportunity for investors.
Presently, positive sentiments surround the situation, attributed to several factors: buyers are actively handling Zeebu’s native token, ZBU, which is currently above the upward trend line. Additionally, the immediate horizontal support level closely aligns with the currency price. Furthermore, the ZBU token demonstrates a pattern of forming higher lows, indicating a clear bullish trend. Notably, the recent listing of ZBU on a prominent crypto exchange, Gate.io, is also a significant factor that could sway potential buyers.