Why is ESP’s price down today? (13/02/2026)

Question

Accepted Answer

## TLDR
Espresso is down 17.23% to $0.0656 in 24h, significantly underperforming a broadly weaker crypto market, primarily driven by a high-volume selloff absent any clear catalyst.

1.  **Primary reason:** High-volume liquidity drain, as trading volume surged to $237.9M (6.97x its market cap), indicating intense selling pressure likely from profit-taking or stop-loss triggers.
2.  **Secondary reasons:** Broader market weakness contributed, with the total crypto market cap down 1.16% amid Extreme Fear sentiment (index 8).
3.  **Near-term market outlook:** If selling pressure abates and ESP holds above $0.06, it may stabilize; a break below could see a test of lower supports. Watch for a sustained drop in volume to signal exhaustion.

## Deep Dive
### 1. High-Volume Selloff
The 24h trading volume of $237.9M is exceptionally high relative to Espresso's $34.13M market cap, yielding a turnover ratio of 6.97. This indicates massive value changed hands, confirming the down move was driven by aggressive selling rather than a minor drift.

**What it means:** Such high volume on a decline typically points to capitulation, large holder distribution, or cascading liquidations, not just passive selling.

**Watch for:** A decline in daily volume below $100M, which would suggest the selling pressure is easing.

### 2. Broad Market Weakness
The move occurred alongside a broader market dip, with the total crypto market cap down 1.16% in 24h. Market-wide sentiment is in "Extreme Fear" (CMC Fear & Greed Index at 8 as of 13 February 2026).

**What it means:** While the general risk-off tone provided a negative backdrop, it doesn't fully explain ESP's severe underperformance (-17.23% vs. -1.16% for the total market).

### 3. Near-term Market Outlook
No coin-specific news or catalyst was visible in the provided data, making this a technically-driven move. The key level to watch is the psychological $0.06 support.

**What it means:** The trend is bearish following the high-volume breakdown. A hold above $0.06 could lead to consolidation, while a break lower may accelerate the decline.

**Watch for:** A reclaim of the $0.07 level, which would be the first sign of buyer strength returning.

## Conclusion
**Market Outlook: Bearish Pressure**
Espresso's sharp drop was amplified by extreme liquidity outflow in a fearful market, lacking a fundamental news driver.
**Key watch:** Can buying volume emerge to defend the $0.06 level, or will high turnover continue to drive price discovery lower?

Latest Espresso (ESP) Price Analysis

Deep Dive

1. High-Volume Selloff

2. Broad Market Weakness

3. Near-term Market Outlook

Conclusion

Explore Similar Coins

Superform

zkPass

Aztec

HeyElsa

Infinex

Sentient