📊 EUR/USDC Price Action Update – Short-Term Bullish Momentum? 🔍💶
The EUR/USDC pair is showing signs of recovery on the 1-hour chart, with the current price at 1.1775 (+0.19%). After hitting a 24h low of 1.1737, the pair rebounded, approaching the 24h high of 1.1782 – a key resistance zone to watch.
📈 Technical Snapshot:
MA(7): 1.1771
MA(25): 1.1763
MA(99): 1.1778
The price is attempting to hold above short- and medium-term moving averages, hinting at growing bullish strength.
🔍 Key Observations:
Volume surge noted during the sell-off, followed by declining volume as the pair recovers – a sign of cooling selling pressure.
Price briefly dipped to 1.1719, forming a potential short-term bottom.
The current candle is testing the MA(99) – a breakout above could open doors for further upside.
📅 Performance:
Today: +0.26%
7 Days: +0.46%
30 Days: +3.52%
180 Days: +14.11%
✅ What to Watch:
A confirmed breakout above 1.1782 could trigger bullish continuation.
If rejected, look for support at 1.1755–1.1760.
🟢 Buyers are stepping in cautiously – but momentum is building. Keep an eye on volume and the next few candles for confirmation.
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