Espresso Price Prediction: Bullish Momentum Builds as ESP Targets $0.1208 After 42% Weekly Rally
- ESP breaks key resistance as price holds above all major EMAs, sustaining bullish trend.
- Open interest jumps to $27.5M, signalling rising trader confidence and fresh capital.
- Spot inflows return as $0.096 support strengthens outlook for further upside potential.
Espresso (ESP) extended its strong upward momentum after breaking out from a lengthy consolidation range, signalling a notable shift in market sentiment. The token climbed more than 34% over the past 24 hours and gained over 42% during the last week.
Trading activity also accelerated sharply, highlighting stronger investor participation across both spot and derivatives markets. Although the rally paused after reaching an intraday peak near $0.121, market indicators continue to support a constructive outlook. Even so, traders now watch whether buyers can defend recent gains and maintain the current bullish …
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