On February 7, a massive $253M worth of tokens unlocked. Instead of the price dropping from the new supply, the token miraculously pulled a 200% pump, jumping from $0.50 all the way to $1.50.
It has since settled around $0.86, but that's a lot of action right when investors and contributors got their bags.
$ESP is in a parabolic pump phase with high volatility. Entering within the 0.065–0.075 zone offers a good risk-to-reward opportunity. Confirmation of bullish momentum comes with a break above 0.082, which could trigger further upside toward the profit targets. The stop loss at 0.058 protects against downside risk if the price fails to hold key support.
Trading Tips:
Watch for price action and volume confirming strength above 0.082 before adding to positions. Be prepared for volatility and potential pullbacks typical in parabolic moves. Scale out profits at each target to lock in gains while allowing for further upside.
⚠️ Risk Reminder: High volatility means rapid price swings; manage risk carefully.
$ESP has experienced a sharp vertical bullish expansion characterized by a massive impulsive candle. This move reflects aggressive demand and strong market interest, similar to a listing-style price discovery phase.
Market Behavior:
Such parabolic moves often lead to a volatility phase, where price consolidates or pulls back to build a new base rather than continuing immediately upward. This consolidation is healthy and necessary to sustain further upside momentum.
Key Levels:
Support Zone: $0.060 – $0.065 Price must stabilize above this region to maintain a constructive structure. Target Zone: $0.085 – $0.095 After consolidation, a secondary push toward this zone is likely.
Trading Considerations:
Monitor price action around the $0.060–$0.065 support for signs of stabilization or base formation. Expect potential sideways or slight pullback movement before the next leg up. A failure to hold above support could signal a deeper correction.
This analysis suggests $ESP is in a strong bullish phase but requires consolidation to sustain further gains toward the $0.085–$0.095 target zone.