EUL/USDT Chart Breakdown & Key Levels
📈 EUL/USDT Chart Breakdown & Key Levels 📈
🔥 Momentum is building! EUL is breaking out of consolidation, and the technical setup suggests a potential rally towards key resistance zones. Let's dive into the levels that matter:
🔹 Immediate Resistance: $7.00 - $7.50 → This is the first breakout zone, where we could see either a strong push higher or a rejection before retesting support.
🎯 Target 1: $11.08 → Major resistance from past price action. A successful breakout from $7.50 could send EUL toward this level.
🎯 Target 2: $14.00 → Psychological level and a historical price congestion area. If momentum sustains, this could be the next stop.
🎯 Target 3: $24.90 → The ultimate breakout target. If EUL enters full price discovery mode, this previous high could be in play.
🔑 Key Support:
$5.90 → Strong support level. Losing this could slow bullish momentum.
$4.50 → Last defense before deeper corrections.
📊 RSI Analysis: Currently approaching overbought levels, signaling strong momentum but also the possibility of a short-term pullback before continuation.
🚀 Final Thoughts:
The chart structure is setting up for an explosive move. If volume supports the breakout, the path to double digits looks open. Keep an eye on volume confirmation and key resistance breakouts!
#EUL #Crypto #TradingView #Breakout 🚀📊
