📊 Basic and Technical Analysis of Euler Coin ($EUL )
💠 Fundamental Analysis:
The Euler project is a decentralized and modular lending platform that allows users to create customized lending markets and connect them in an unregulated manner (Permissionless).
Euler is one of the leading projects in developing an open lending infrastructure within the DeFi system, allowing developers and investors the freedom to manage their financial communities without intermediaries, while providing mechanisms to reduce risks such as controlling interest rates and intelligently assessing collateral.
The EUL coin is used in governance and paying protocol fees, and benefits from the growing sector of decentralized finance.
💹 Technical Analysis (EUL/USDT):
• Current price: $9.50 (+3.79% over 24 hours)
• Overall trend: Bullish in the medium term after a correction from the peak of $15.89
• Moving Averages (EMA):
• The price is moving near the EMA 30 ($9.20), indicating an attempt to regain bullish momentum.
• RSI Indicator (14): at 50, which is a neutral level leaning towards positive.
• MACD: still in the negative zone but showing convergence indicating a possible beginning of a rebound wave.
• Supports: $7.00 then $8.00
• Resistances: $10.80 then $12.00
📈 Conclusion:
The EUL coin combines a strong project in the DeFi space with advanced technical infrastructure, with technical signals indicating a potential positive rebound if the price maintains support at $9.
Holding above this level may open the way to test $10.8 then $12.
