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#MyGateTradeStory
$ESPORTS MIGHT SEE A BULL SOON. HERE'S WHY!
Even with the flash crash in late May dropping about 93% from $0.80 to $0.04. Some on-chain data still signal possible reversal in the coming weeks.
I've kept an eye on the token since the crash, and from my analysis as of mid June, I can say that the token has seen a sharp recovery. That is, from trading around $0.09 to $0.11. It has gained a daily increase of 20-40%+ and 80-140%+ weekly gains.
This move is likely not short term as it's influenced by some on-chain activities like a top EOA wallet systematically buying 36.5M $ESPORTS tokens valued at $2M+ in the span of 48 hours during the crash, becoming the largest individual holder without panic buying. It did not just absorb the crash but created conviction.
Also, post-crash, the token formed oversold conditions (e.g., RSI dipping hard). Since then, it has produced strong percentage bounces, higher lows in consolidation, and volume-supported rallies from accumulation zones. Chart shows breakout attempts on shorter frames, signaling momentum shift (e.g +100%+ from lows in phases). Resistance levels around $0.11–0.15 are being tested; a sustained hold/break could target further recovery toward $0.15–0.25 depending on sentiment.
That being said, confidence can be rebuilt if the team follows through on any buyback, continued development, or transparency.
Nothing is confirmed, it can still go sideways if rejection forms at resistance. Overall, we can hope that these signals run more in the coming weeks if momentum holds and smart money defends key supports. I'll continue to monitor on-chain flows, volume confirmation on breaks, and team actions closely. Remember this is not financial advice, DYOR and manage risks.
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