The coin $EUL
fell to a 45-day low this morning, but bounced sharply right away to test the downtrend line. This is what a potential price bottom could look like. 👇
The chart 📊
🔹 Six weeks of lower highs beneath a clear downtrend line, with the price falling from $1.54 to test the $0.836 level this morning.
🔹 The decline failed to continue; buyers regained control and pushed the price up to $0.90 within hours. Over the past five days, a stable price base has formed between $0.86 and $0.90, with selling volume declining during the drop.
🔹 The measured move pattern on the chart points to a potential target of $1.87, or an increase of about 108%. The first major resistance zone is at $0.97, followed by the supply zone between $1.10 and $1.19.
The project 👇
🔹 Euler Finance is a decentralized lending protocol that generates real revenue from fees. It has a market capitalization of $24.1 million, with nearly the entire supply of 27.2 million coins in circulation.#USPPIMissMayEaseBTCPressure
fell to a 45-day low this morning, but bounced sharply right away to test the downtrend line. This is what a potential price bottom could look like. 👇
The chart 📊
🔹 Six weeks of lower highs beneath a clear downtrend line, with the price falling from $1.54 to test the $0.836 level this morning.
🔹 The decline failed to continue; buyers regained control and pushed the price up to $0.90 within hours. Over the past five days, a stable price base has formed between $0.86 and $0.90, with selling volume declining during the drop.
🔹 The measured move pattern on the chart points to a potential target of $1.87, or an increase of about 108%. The first major resistance zone is at $0.97, followed by the supply zone between $1.10 and $1.19.
The project 👇
🔹 Euler Finance is a decentralized lending protocol that generates real revenue from fees. It has a market capitalization of $24.1 million, with nearly the entire supply of 27.2 million coins in circulation.#USPPIMissMayEaseBTCPressure
