Is ESP the Next Big L2? Espresso Price Prediction and Key Levels

ESP Defies the Crash: Why Is Espresso Up Today While Market Is Red?

Espresso is up 15.31% to $0.0845 in just 24 hours, standing out in a market that remains largely under pressure. 

While major altcoins struggle to recover, this altcoin is quietly building momentum, drawing attention toward the latest Espresso Price Prediction outlook.

The move comes at a time when risk appetite is fragile, making this rally even more noticeable.

Traders are now asking whether this is the beginning of a larger Layer-2 breakout or simply a short-term relief bounce.

With volume picking up and sentiment shifting, Espresso may be positioning for something bigger.

Growing Volume Signals Early Strength in ESP

Espresso has been listed for barely 10 days, yet trading activity is already expanding steadily.

From the initial low-volume sessions, participation has picked up almost every few days, showing growing market interest rather than a one-day spike.

Most notably, today’s trading volume stands near $201.89 million, according to the latest Coinglass data.

For a newly listed token, sustained volume expansion this early often signals active positioning rather than passive speculation.

If this participation continues to build, it could significantly influence the near-term ESP Price Prediction outlook.

Espresso Long/Short Ratio and Liquidation Data

Recent derivatives Coinglass data shows mixed but slightly cautious positioning in ESP.

On Binance, the ESP/USDT long/short ratio (accounts) is around 0.59, while on OKX it stands near 0.38, indicating more traders are currently positioned on the short side overall.

However, Binance top trader positions show a ratio above 1.18, suggesting larger players are still leaning long.

On the liquidation side, the last 24 hours saw approximately $830K in total liquidations. Shorts accounted for around $507K, while longs were near $322K.

Higher short liquidations compared to longs suggest that recent upside moves may have squeezed bearish positions. If volume remains strong, further short pressure could fuel additional volatility in ESP.

Why Espresso Is Getting Attention

1. 6-Second Finality: Espresso’s HotShot consensus finalizes transactions in around 6 seconds. The mainnet has confirmed 65M+ blocks across 9 chains, attracting speed-focused traders.

2. Major L2 Integrations: Live integrations with Arbitrum, Polygon AggLayer, Optimism, and recently Celo increase real adoption and staking utility for ESP.

3. Holder Score Airdrop: Espresso airdropped 359M tokens (10% supply) but used a “Holder Score” system to reward long-term ecosystem holders, helping reduce immediate dumping.

Why Is Espresso Up Today? Chart Outlook

On the 4-hour chart, ESP is moving inside a clear rising channel, forming consistent higher highs and higher lows—a classic bullish structure.

Recently, price dipped toward the lower boundary of the channel, took support, and buyers stepped in strongly, pushing it back toward the upper range. ESP is now trading close to its all-time high zone.

If price breaks above the ATH area decisively, the next upside target based on the Fibonacci 1.618 extension stands near $0.13512.

As long as price remains above the 21 EMA, which is currently acting as dynamic support, the bullish momentum structure stays intact. A sustained move below the 21 EMA could expose lower support levels.

Key Support Levels

• $0.0850

• $0.0819

• $0.0581

Key Resistance Levels

• $0.0937 (ATH zone)

• $0.10 (Psychological)

• $0.1351 (Fib 1.618 target)

ESP Price Prediction: Short and Long Term

Considering current volatility and circulating supply, it makes sense to focus on practical levels rather than extreme projections.

Short-Term Target ($0.095–$0.115): ESP first needs a clean break and sustained hold above its all-time high near $0.0937. 

If momentum builds above that zone, the next likely range sits between $0.10 and $0.115, where psychological resistance and short-term profit booking could emerge.

Long-Term Target ($0.20–$0.35): If adoption of Espresso’s infrastructure continues and staking demand grows, a gradual expansion toward the $0.25–$0.30 region becomes realistic. 

Higher targets would require significant growth in market cap and ecosystem usage.

The Invalidation Point: If ESP falls below $0.073 with strong volume, the current bullish structure would weaken.

A breakdown under that level could expose a downside toward the $0.058 support area, where buyers would need to defend the trend structure.

Conclusion

The current Espresso Price Prediction remains constructive as long as price holds above $0.073 and stays within the rising channel structure. A breakout above $0.0937 could open room toward $0.10–$0.15, while losing key support may shift momentum back in favor of sellers.

YMYL Disclaimer: This article is strictly informational in nature and does not constitute an investment recommendation. Investment in cryptocurrencies is extremely volatile, and market conditions can change quickly based on macro data. High volatility can result in significant capital loss. It is always essential to do your own research before making any investment.