**Euler Finance's EUL token is currently among crypto losers,
#EUL $EUL driven by a bearish short-term trend and DeFi sector pressures.**
## Price Performance
EUL has faced significant downward pressure, with recent drops mirroring past volatility like the 48% crash after a 2023 hack.
Listings in top losers trackers show 24-hour declines amid broader market shifts.
## Key Reasons
Technical indicators signal bearishness: MACD dead cross, repeated support breaks at $8.69, and high-volume panic selling.
DeFi TVL contraction—from $2B in Oct 2025 to ~$1B—due to instability and competition from Aave/Compound has hurt EUL.
Lingering hack memories and low liquidity amplify risks in risk-averse markets.
## Market Context
Broader crypto caution (e.g., BTC dominance rise) hits mid-cap DeFi tokens like EUL hardest, lacking independent catalysts.
Social buzz notes protocol growth but price struggles persist.
Monitor live prices, as volatility could lead to rebounds or further tests of lows around $5.89.