ESP Explodes +122% in 24H – Momentum Rally or Short-Term Blowoff?
Espresso (ESP) has surged over 120% in the last 24 hours, pushing price to $0.1998 and breaking above all major moving averages on the 1H timeframe. The trend structure is clearly bullish, with MA(7), MA(30), and MA(200) aligned in strong upward formation.
MACD confirms expanding bullish momentum, but RSI at 88 signals extreme overbought conditions — suggesting a potential short-term cooldown before continuation.
Key levels to watch: • Resistance: $0.21 → $0.25
• Support: $0.16 → $0.12
If bulls defend $0.16, continuation toward $0.23–$0.25 remains possible. However, loss of $0.12 could shift short-term momentum.
Volume and consolidation behavior over the next sessions will determine whether this is a sustained breakout or a temporary expansion phase.
What’s your outlook on ESP? 🚀