$ESP ESP/USDT Latest Technical Update | Key Levels in Focus
1. Trend: Bullish – strong impulsive breakout from 0.06143 into 0.07343 high.
2. Market Structure: Higher highs and higher lows after reclaiming 0.05710 base.
3. Momentum: Strong bullish with expansion candle and rising volume.
4. Key Support: 0.06575 – 0.06455 zone (recent breakout base and MA7).
5. Key Resistance: 0.07343 – 0.07442 zone (recent high and upper wick supply).
6. Current Signal: Breakout continuation pressing into resistance.
7. Bullish Scenario: Hold above 0.06575 and break 0.07343 to extend toward 0.07442 and higher.
8. Bearish Scenario: Lose 0.06455 and pullback likely rotates toward 0.06143, with risk to 0.05710.
9. Invalidation Level: Sustained 1H close below 0.05710.
10. Closing Line: Structure favors continuation while price holds above 0.06575 support.