Market Overview: Euler/USDC (EULUSDC) on 2025-12-26

Summary
• Price action shows key support around 2.87–2.88 and resistance near 2.90.
• Momentum waned near 2.90, suggesting potential reversal.
• Bollinger Bands contract in late session, hinting at possible breakout.
• Volatility picked up in early morning with sharp price swings.
• Volume surged in 08:30–09:00 ET, coinciding with a 2.87–2.90 range trade.

At 12:00 ET–1, Euler/USDC opened at 2.905, reached a high of 2.906, and a low of 2.823, closing at 2.886 by 12:00 ET. Total 24-hour volume was 8,198.72, with a notional turnover of $23,774.51 (USDC-based).

Structure & Formations

Price tested support at 2.87–2.88 multiple times before bouncing on volume-driven buying. A bullish engulfing pattern formed around 08:30–08:45 ET, confirming short-term strength. No clear bearish reversal patterns emerged after 04:45 ET, despite a pullback to 2.887.

Moving Averages

Short-term 5-minute averages (20/50) crossed above price after 08:30 ET, suggesting upward momentum. Daily 50/200 SMA levels remain unconfirmed in 5-minute data but point to a consolidation phase ahead of a potential breakout.

MACD & RSI

MACD crossed neutral during the morning rebound, aligning with the bullish engulfing pattern. RSI showed signs of overbought behavior near 2.902, indicating potential pullback risk.

Bollinger Bands

Volatility tightened between 04:45–08:00 ET, leading to a breakout attempt at 2.896. Price now resides near the middle band, suggesting continuation of the recent 2.88–2.90 range.

Volume & Turnover

Peak volume occurred between 08:30–09:00 ET (1,732.01 units), matching a 2.87–2.90 range trade. Notional turnover surged in tandem, confirming the strength of the bounce.

Fibonacci Retracements

Key 5-minute swing retracements (38.2%–61.8%) align with 2.885–2.895, currently acting as a pivot zone. Daily retracements suggest 2.89–2.91 could be next resistance if buyers step in.

EULUSDC appears to be consolidating with a slight upward bias ahead of a potential breakout. A sustained close above 2.905 may confirm bullish momentum, while a break below 2.875 could invite further correction. Investors should watch for volume confirmation on the next directional move and be cautious of potential divergences in momentum indicators.