Zeebu Faces Continued Downtrend Amidst Market Volatility

The cryptocurrency Zeebu (ZBU) has experienced a significant downturn, losing 5.92% against the US Dollar in the last 24 hours. The coin also underperformed against Bitcoin (BTC) and Ethereum (ETH), decreasing by 6.06% and 6.08% respectively. Over the past month, Zeebu has dropped by 18.37%, reflecting a bearish medium-term trend.

Despite a 166.36% increase over the past year, the current market sentiment for Zeebu remains pessimistic. Technical indicators overwhelmingly signal a bearish forecast, with 86% favoring a negative outlook. Key support levels are identified at $3.93, $3.83, and $3.73, while resistance levels are at $4.14, $4.23, and $4.34.

The Fear & Greed index reads 73 (Greed), suggesting potential overvaluation. Investors should exercise caution as the market remains highly volatile.