🚨 $ESPORTS CONTINUES TO BLEED AFTER ITS MASSIVE RALLY. IS $0.0080 THE NEXT TARGET?
It is currently trading around $0.009783, down 11.56%, and the 4H chart is showing clear signs of continued selling pressure.
After its explosive rally toward $0.022, the price failed to maintain bullish momentum and entered a consistent downward trend. Since then, sellers have been controlling the market, creating lower highs and lower lows. Every recovery attempt has faced resistance, showing that buyers are still struggling to regain control. The most important support to watch is $0.008075. This level previously acted as a strong accumulation zone before the massive breakout. If selling pressure continues and the price loses $0.0096, a move toward $0.0080 becomes increasingly likely.
On the upside, $0.0105-$0.0110 is the first resistance zone. A strong 4H recovery above this area could provide an opportunity for a move toward $0.0120. However, until buyers reclaim these levels, the overall structure remains bearish.
My view: ESPORTS is still in a correction phase, and I am watching $0.0080 closely. A breakdown below that support could open the door to further downside.
Do you think buyers will defend $0.0080, or are we heading toward another leg down?
We will also be watching $CLANKER & $ZEC too guys.
#esportsusdt #esports
It is currently trading around $0.009783, down 11.56%, and the 4H chart is showing clear signs of continued selling pressure.
After its explosive rally toward $0.022, the price failed to maintain bullish momentum and entered a consistent downward trend. Since then, sellers have been controlling the market, creating lower highs and lower lows. Every recovery attempt has faced resistance, showing that buyers are still struggling to regain control. The most important support to watch is $0.008075. This level previously acted as a strong accumulation zone before the massive breakout. If selling pressure continues and the price loses $0.0096, a move toward $0.0080 becomes increasingly likely.
On the upside, $0.0105-$0.0110 is the first resistance zone. A strong 4H recovery above this area could provide an opportunity for a move toward $0.0120. However, until buyers reclaim these levels, the overall structure remains bearish.
My view: ESPORTS is still in a correction phase, and I am watching $0.0080 closely. A breakdown below that support could open the door to further downside.
Do you think buyers will defend $0.0080, or are we heading toward another leg down?
We will also be watching $CLANKER & $ZEC too guys.
#esportsusdt #esports
