⚠️ $ESIM (Depinsim) is under pressure and searching for a base 👀📉
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 🐻
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 📊
• Red candles are getting smaller
• Selling momentum is slowing
• 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 🧠
📊 On chain snapshot
• Market cap around $3.7M 💰
• Liquidity near $600K 🌊
• Holders around 3.3K 👥
🔍 Levels to watch
• Support zone $0.026 to $0.027 🟢
• Resistance zone $0.035 to $0.045 🔴
This is still a high risk area. Any upside move will need a reclaim of short term moving averages and stronger volume confirmation 📈
For now, this is about patience and confirmation, not rushing entries ⏳
Definitely one to watch closely 🎯