Zebec Network (ZBCN) released another batch of tokens from its vesting schedule on Sept. 16. A total of 2.12 billion ZBCN, valued at roughly $8.9 million at the time, entered circulation. The release represents 2.12% of the project’s maximum 100 billion supply.
Token unlocks are common in blockchain projects. They distribute coins that were previously reserved for early investors, team members, or community programs. While they are designed to ensure long-term participation, they can add selling pressure to the market because more tokens become available for trading all at once.
Following the September event, Zebec’s circulating supply has reached 87.9 billion tokens, or nearly 88% of the maximum. Around 6.25 billion remain locked, with another 5.84 billion categorized as untracked. At current prices, the unlocked supply represents a market capitalization of $372.7 million.
ZBCN Balances on $0.0042 Support with Risk of Sharp Breakdown Ahead
Despite the additional supply, ZBCN price held steady around $0.00424 today on Sept.17. Daily trading volumes ranged between $12 million and $16 million, showing that liquidity remains active.
The daily chart shows ZBCN moving inside a falling wedge, a narrowing pattern where both highs and lows drift downward within converging lines. Traders often view this formation as a potential setup for a breakout, but the direction depends on whether price manages to push above resistance or slip below support.
At the moment, resistance is forming between $0.0046 and $0.0050, while support is holding near $0.0041. If the lower boundary gives way, the next area of interest could be around $0.0038, a level where buyers may attempt to step in again.
Short-term trend lines are also playing a role. The 20-day and 50-day exponential moving averages are both positioned near $0.00427, aligning closely with current price levels. The 100-day average sits slightly lower at $0.00401. Price clustering around these averages usually points to indecision, where neither bulls nor bears are fully in control.
Momentum indicators back this picture. The Relative Strength Index for ZBCN is reading 49.7, almost exactly in the middle of the scale. In technical terms, an RSI below 30 signals oversold conditions, while a reading above 70 points to overbought territory. A value near 50 indicates neutrality, suggesting that the market could swing in either direction depending on upcoming trading activity.
Supply Pressure Remains a Risk
With 88% of its supply already unlocked, Zebec’s monthly vesting schedule remains a challenge for price stability. Each release increases circulating supply, which can weigh on the market unless it is matched by demand growth.
The project has been working to build adoption through products in payroll streaming, payments infrastructure, and decentralized physical infrastructure networks. Even so, traders are focusing on how well Zebec’s ecosystem growth can absorb the steady flow of unlocked tokens.
For now, the $0.0041 support level has become critical. Holding above it could allow ZBCN price to continue consolidating inside its wedge pattern, setting up the possibility of a breakout if momentum shifts. A failure to defend the level, however, risks pushing the token toward lower ranges before buyers return in strength.