$ESP $AI $RESOLV ๐ฅ ESP / USDT | Strong price explosion... but beware of saturation! ๐โ ๏ธ
The ESP coin is showing a violent upward movement on the 4-hour frame
With a very clear momentum in the last candles ๐
๐ฐ Current price: 0.09045
๐ Today's increase: +4.48%
๐ Huge trading volume: 3.02B
๐ Today's high: 0.09137
๐ What's happening technically?
๐ Accelerating rise from around the 0.07 area
๐ Very strong volume supports the breakout
โก The momentum is currently at its highest levels
๐ Indicators:
โ ๏ธ RSI at 78
Entering a clear overbought area
A short correction is quite likely
โ
MACD
Strong positive crossover
The histogram is accelerating upwards
The momentum is still supportive of the rise
๐งฑ Important levels
๐น Near support: 0.085
๐น Stronger support: 0.080
๐น Current resistance: 0.092 โ 0.095
๐น Breaking 0.095 โ May open the way towards 0.10 ๐ฏ
๐ Scenarios
๐ข Continued rise:
Breaking 0.095 with strong volume โ Targeting 0.10
โ ๏ธ Expected correction:
Due to the high RSI
We may see a return to test 0.085 before any new surge
Summary
ESP is in a very strong momentum wave
But currently in an overbought area
A smart entry would be:
Either after a clear breakout
Or after a healthy correction
Don't chase the candle ๐ฅ
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