$ESP ✅ Buy Zone: $0.072 – $0.074
🎯 Target: $0.080 – $0.090
🛑 Stop Loss: $0.068
🧠 Market Note:
Espresso (ESP), the native token of the shared sequencing and confirmation layer for Ethereum rollups (designed to enable fast finality, reduce fragmentation, and improve cross-rollup composability via HotShot consensus), is in a short-term bearish correction phase after its recent launch hype and ATH around $0.094 earlier this month. It's trading in the low-to-mid $0.07s amid profit-taking, broader altcoin pullback, and high volatility typical for new infrastructure tokens. The key support zone at $0.070–$0.072 could act as a strong demand area – if buyers defend it (especially with any positive updates on rollup integrations, ecosystem growth, or increased sequencer activity), we could see a rebound toward $0.080 resistance and potentially $0.090 if volume surges and sentiment turns bullish. A clean breakout above $0.080 would signal renewed momentum in this L2 coordination play. However, if support fails below $0.070, downside risk could test lower levels amid elevated volatility in mid-cap infra tokens. Watch trading volume (still high at $80M+ daily but monitor for green spikes), any Espresso network developments (like validator participation, airdrop effects, or partnerships), and BTC/alt correlation – ESP has solid fundamentals in solving rollup issues but remains highly volatile post-launch.
#Espresso #ESP #Crypto #Layer2 #rollups $ESP
