$EUL /USDT TECHNICAL ANALYSIS – MARKET NEXT MOVE INSIGHT

$EUL/USDT is showing mild bearish momentum after reaching a 24h high of 7.950 and currently trading at 7.361. The pair has declined by 5.03% in the last 24 hours, indicating cautious selling pressure. Immediate support is seen at 6.807, while resistance levels are aligned with MA7 at 7.213 and MA25 at 7.404.

Short-term moving averages are trending slightly downwards, signaling potential continuation of the current correction. MACD shows weakening bullish momentum, and SAR levels are positioned above the price, suggesting the bearish pressure may persist. Bollinger Bands indicate moderate volatility, leaving room for intraday swings.

Trading volumes reflect steady activity, with 1.15M EUL and 8.49M USDT traded, showing a mix of buying and selling interest. Key levels to monitor include 6.807 support, where a breakdown could target 6.667. On the upside, reclaiming 7.213 and 7.404 will be important for a bullish recovery.

Market Next:

Bears have short-term control; minor correction may continue.

Watch for support at 6.807; a strong rebound above 7.213 could signal recovery.

Intraday volatility may present quick trade opportunities.

Targets:

Support: 6.807 | 6.667 | 6.500

Resistance: 7.213 | 7.404 | 7.894

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