โ ๏ธ $ESIM (Depinsim) is under pressure and searching for a base ๐๐
ESIM is currently trading around $0.027, down about 16%, and the higher time frame still shows clear weakness. The move down from the $0.073 area has been steady and controlled by sellers, not a single panic candle.
On the 4H chart, price remains below MA 7 and MA 25, confirming bearish dominance ๐ป
Every bounce attempt has been rejected quickly, showing a lack of strong buyer conviction so far.
What stands out now is the flattening near the lows ๐
โข Red candles are getting smaller
โข Selling momentum is slowing
โข Price is trying to hold the $0.027 zone
Volume has been decreasing during the sell off, which often suggests seller exhaustion rather than aggressive continuation ๐ง
๐ On chain snapshot
โข Market cap around $3.7M ๐ฐ
โข Liquidity near $600K ๐
โข Holders around 3.3K ๐ฅ
๐ Levels to watch
โข Support zone $0.026 to $0.027 ๐ข
โข Resistance zone $0.035 to $0.045 ๐ด
This is still a high risk area. Any upside move will need a reclaim of short term moving averages and stronger volume confirmation ๐
For now, this is about patience and confirmation, not rushing entries โณ
Definitely one to watch closely ๐ฏ
#ESIM #Depinsim #CryptoUpdate #AltcoinWatch #BinanceSquare