Espresso ($ESP) surged over 34% in 24 hours and 42% weekly, breaking out of a long consolidation range and signaling a strong bullish shift. The token peaked near $0.121 before a slight pullback to around $0.106, which appears as profit-taking rather than aggressive selling. Key support is at $0.0960 (0.618 Fibonacci level), with further levels at $0.0883 and $0.0807. Resistance lies at $0.1090-$0.1100 and the recent high of $0.1208; a decisive break above could target $0.1300 and $0.1450. Open Interest in derivatives jumped sharply in July to ~$27.52M, indicating new capital inflow and growing market confidence. Spot flows also turned positive, with recent net inflows of ~$349,700. While the Stochastic RSI suggests overbought conditions, supporting a potential short-term consolidation, the overall technical structure remains bullish. The near-term outlook hinges on buyers holding the $0.0960 support. If buying pressure continues, $ESP could advance further. However, a drop below $0.0883 would risk a deeper correction.
cryptonews.ru3天前
