$EUL $EUL witnessed an explosive breakout, rallying more than 70% before facing aggressive profit-taking near $3.08. The sharp rejection suggests late buyers were trapped at the top, while the current consolidation around $2.20 indicates the market is attempting to establish a new support base rather than continuing straight higher.

Support: $2.05 – $2.15

Resistance: $2.35 – $2.55

Next Target: $3.08 (if resistance is reclaimed with strong volume)

Holding above the support zone would keep bullish momentum intact and increase the probability of another attempt toward the recent high. However, losing $2.05 could trigger a deeper pullback as short-term traders take profits. Watching volume and price acceptance above resistance is key before expecting trend continuation.

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