The $EUL coin is trading above an important demand zone after a long bearish trend, but buyers have not yet provided strong signs of regaining control.

Although the current support zone has temporarily halted the decline, the price is still trading below the downtrend line and the main moving averages. Unless buyers can reclaim these levels, any rebound may be only a temporary rise before the bearish trend resumes.
The current zone is critical, and breaking it could pave the way for a new wave of downside.
🎯 Bearish targets:
• 1.619
• 1.519
• 1.423
❌ Scenario invalidation: a strong close on the 1-hour timeframe above the downtrend line and the main moving averages.
So far, the technical bias still favors the sellers.