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$ESP /USDT Detailed Analysis (15m Timeframe)

Current Price: 0.05435
24H High: 0.05859
24H Low: 0.05163
Trend: Short-term bearish with weak recovery attempts

1️⃣ Trend Structure

On the 15m chart, ESP is clearly in a downtrend. Price has been forming lower highs and lower lows after rejection near 0.0617. The sharp sell-off pushed it to 0.05163, which is currently acting as the key swing low.

The moving averages confirm bearish pressure:

MA(7) is below MA(25)

MA(25) is below MA(99)

Price is trading under MA(99)

This alignment signals continued short-term downside bias unless strong volume breaks the structure.

2️⃣ Momentum & Volume

Volume spikes appeared during the dump phase, showing aggressive selling. The recent bounce lacks strong volume expansion, meaning buyers are still weak. Current consolidation suggests accumulation or preparation for the next move.

3️⃣ Important Zones

Major Support Zones:

0.05160 – 0.05100 → Strong demand zone (recent low area)

0.04950 – 0.05000 → Psychological and next breakdown support

If 0.05160 breaks with volume, downside continuation is likely.

Resistance Zones:

0.05550 – 0.05600 → Immediate resistance (recent rejection zone)

0.05850 – 0.05900 → Strong supply zone (24h high region)

0.06150 – 0.06200 → Major trend reversal level

Price must reclaim 0.056 with strong volume to shift short-term momentum bullish.

4️⃣ Scenario Outlook

Bearish Case:
Rejection near 0.055–0.056 → retest of 0.0516 → possible breakdown toward 0.049

Bullish Case:
Strong breakout above 0.056 → squeeze toward 0.0585 → trend shift above 0.060

Conclusion:
ESP is currently in a short-term downtrend with consolidation near support. 0.0516 is the critical level to watch. Break below increases downside risk, while reclaiming 0.056 may trigger short-term recovery.

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