Market Overview for Euler/USDC (EULUSDC) on 2025-12-25

Summary
• Price formed a bullish engulfing pattern near $2.85–2.86 after a sharp decline.
• Volatility expanded through late night trade, pushing price beyond key 20-period moving average.
• RSI indicates neutral momentum, with 51.2 RSI score, suggesting no immediate overbought or oversold conditions.
• Volume surged during the 2:15–3:45 AM ET window, coinciding with a price rebound to 2.89.
• Bollinger Bands widened, indicating increased market uncertainty in the last 12 hours.

Market Overview

Euler/USDC (EULUSDC) opened at $2.868 on 2025-12-24 at 12:00 ET, reached a high of $2.918, a low of $2.847, and closed at $2.861 at 12:00 ET on 2025-12-25. The pair recorded a total volume of 13,601.44 and a notional turnover of $38,105.39 over the 24-hour window.

Structure and Formations

Price action showed a strong bearish breakdown from key resistance around $2.885, followed by a sharp rebound and consolidation between $2.85–2.88. A bullish engulfing pattern emerged near $2.85–2.86, suggesting potential short-term reversal. A doji near $2.886 during midday ET highlighted indecision amid volatile swings.

Moving Averages and MACD

The 20-period and 50-period moving averages crossed in the early hours of 2025-12-25, with the 20-period line rising above the 50-period line (golden cross). The MACD showed a positive crossover in the early morning, suggesting a shift in momentum to the bullish side.

Relative Strength Index (RSI) and Bollinger Bands

RSI remained in the mid-50s for most of the period, indicating neutral momentum without extreme overbought or oversold conditions. Bollinger Bands widened sharply from 8:30 PM to 2:30 AM ET, coinciding with increased volatility and a 7.4% price swing.

Volume and Turnover

Volume spiked sharply during the 2:15–3:45 AM ET window, confirming the price rebound from $2.87 to $2.89. Notional turnover also rose significantly during that time, reaching a peak of $11,185.21 during the 2:15 AM candle. No clear divergence was seen between volume and price over the 24-hour window.

Fibonacci Retracements

Fibonacci levels aligned with key support at $2.85 (61.8% retracement) and resistance at $2.88 (38.2% retracement). Price bounced near both levels but failed to break either decisively.

The market appears to be consolidating after a volatile overnight session, with mixed signals suggesting a potential test of $2.90 in the next 24 hours. Investors should remain cautious as volume spikes may not always confirm price direction in low-liquidity pairs like EULUSDC.