$ESPORTS has already experienced a notable pullback, and recent price action suggests that momentum may be shifting further in favor of sellers.
The trendline is beginning to slope downward more sharply, indicating that selling pressure is currently outweighing buying interest. At the same time, funding rates remain positive, which can signal that many traders are still positioned on the long side despite the weakening price trend.
From a technical perspective, some traders believe this setup continues to favor short positions. Liquidity also appears to be building below the current price, with a large number of long positions potentially vulnerable if support levels break.
A commonly discussed downside target is the $0.039–$0.0385 range, though there is no guarantee the market will reach these levels.
As always, cryptocurrency markets are highly volatile. Traders should wait for confirmation, use proper risk management, and avoid relying on a single indicator when making trading decisions.
Trading Pair: ESPORTSUSDT Perpetual
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