Market Overview for Euler/USDC (EULUSDC) on 2025-10-25

• Euler/USDC (EULUSDC) rose to $7.883 before retracing to settle near $7.74
• Momentum dipped in late hours, with RSI indicating neutral territory
• Bollinger Band expansion suggests increasing volatility during the session
• Volume surged at key turning points, confirming price action
• A bullish engulfing pattern emerged mid-session, followed by a bearish reversal in the final hours

Euler/USDC (EULUSDC) opened at $7.519 on 2025-10-24 at 12:00 ET and closed at $7.74 at 12:00 ET on 2025-10-25. The pair reached a high of $7.883 and a low of $7.473 over the 24-hour window. Total volume was 25,917.2 units, with a notional turnover of approximately $194,854 (based on average trade price). Price formed a key bullish engulfing pattern on the 15-minute chart around 19:15 ET, followed by a bearish reversal in the final hours.

Structure & Formations

The 24-hour session showed clear support near $7.62 and resistance at $7.883. A notable bullish engulfing pattern emerged around $7.735–$7.835, suggesting short-term buying pressure. Toward the end, a bearish reversal with a high close at $7.883 and a lower close at $7.74 confirmed a potential exhaustion of upward momentum. A doji at $7.84 in the early morning hours indicated indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover in the middle of the session, confirming the upward trend. By the end of the session, the 20SMA had pulled back toward the 50SMA, indicating potential consolidation. On the daily chart, the 50-day moving average remains above the 100-day and 200-day averages, supporting a longer-term bullish bias.

MACD & RSI

The MACD crossed above the signal line in the mid-session hours, supporting the bullish trend. However, a bearish crossover in the final hours hinted at a pullback. RSI peaked at over 65 during the session’s high, suggesting overbought conditions, and retreated to 50 by the close, indicating a neutral momentum phase. This suggests the market may consolidate before resuming a directional move.

Bollinger Bands

Bollinger Bands showed a clear expansion during the session, with price touching the upper band at $7.883. This expansion typically precedes a reversal or correction. By the end of the session, price had pulled back toward the middle band, indicating increased volatility and the possibility of continued price consolidation.

Volume & Turnover

Volume spiked during key turning points, particularly at $7.59 and $7.835, confirming price action during both the rally and the pullback. The highest turnover occurred at $7.789, aligning with a 15-minute close that coincided with a key support level. A divergence between volume and price was observed in the final hours, as volume declined while price continued to fall, suggesting potential bearish exhaustion.

Fibonacci Retracements

Fibonacci retracements applied to the recent 15-minute swing showed key levels at 38.2% ($7.805) and 61.8% ($7.71), which were tested during the session. The 61.8% level provided a temporary support as the price pulled back in the final hours. On the daily chart, the 50% and 78.6% retracements remain key watchpoints for the next 24 hours.

Backtest Hypothesis

Given the MACD and RSI behavior observed in the 15-minute data, a potential backtest could evaluate a MACD crossover strategy with a 50-period RSI filter. Specifically, a long entry could be triggered when the MACD line crosses above the signal line and the RSI remains below 50, signaling a low overbought condition. Conversely, a short position could open on a MACD bearish crossover with RSI above 60, indicating overbought pressure. These signals would be tested with 5-day holding periods from 2022-01-01 to 2025-10-25 using EUL-USD on Coinbase. Given the pair’s volatility and the observed pattern, such a strategy may provide a robust entry framework for Euler/USDC trading.

Over the next 24 hours, Euler/USDC may test the $7.71 support and $7.81 resistance levels. A break above $7.81 could resume the upward trend, while a close below $7.71 may signal a deeper pullback. Investors should remain cautious of declining volume during price declines, as it may indicate bearish exhaustion or a lack of follow-through.