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EUL jumps 28.86% in a single day following a rapid spike during turbulent market activity

EUL jumps 28.86% in a single day following a rapid spike during turbulent market activity

Bitget-RWA2025/10/15 12:36
By:Bitget-RWA

- EUL surged 28.86% in 24 hours to $9.075, reversing a 416.4% annual decline amid volatile market conditions. - The sharp rebound triggered RSI above 50 and highlighted key resistance at $9.50 and support at $8.20 for traders. - Analysts caution the move may not signal sustained recovery, as macroeconomic factors continue to weigh on broader markets. - A backtesting framework is being applied to analyze 5%+ single-day surges like EUL's, assessing post-rebound momentum patterns.

On October 15, 2025, EUL experienced a dramatic 28.86% jump in just 24 hours, climbing to $9.075 and breaking away from its overall downward movement over the past week, month, and year. This swift price reversal stands out against a backdrop of extended losses—down 416.4% over the last 7 days, 1 month, and 1 year. The notable 24-hour rally points to either a sudden change in investor outlook or a unique event that sparked the rapid surge.

EUL’s recent price swings illustrate the current market’s unpredictability. Although the token saw a steep decline in the previous week, the sharp rebound within a day could indicate a potential bottom or a response to a particular trigger. Market experts caution that this short-term spike may not mark the start of a lasting recovery, as broader economic headwinds continue to weigh on the market as a whole.

Technical analysis tools such as RSI and MACD are signaling that the bearish momentum may be losing steam, but more sideways movement is needed to confirm a true reversal. Traders are now watching the $9.50 resistance and $8.20 support levels closely as key points for future price action. The strong daily gain has pushed the RSI above 50, hinting at a move into overbought conditions.

This recent 28.86% spike is unusual given the persistent downtrend and is likely to be scrutinized for its impact on EUL’s overall trajectory. Observers will be monitoring the market’s reaction to determine if this surge is merely a short-term correction or the start of a new upward phase.

Backtest Hypothesis

The abrupt 28.86% rise in EUL fits into a broader backtesting approach aimed at studying price jumps greater than 5% in a single trading day. This method involves pinpointing every instance when a specific ticker’s closing price increases by at least 5% compared to the previous day. Such analysis is especially useful for understanding assets that stage sharp, one-day recoveries after extended declines.

To carry out this strategy, you need a set list of tickers and a defined time frame. For EUL, this would involve reviewing its historical data—such as from 2022 to now—to identify all days with price gains of 5% or more. The goal is to analyze what typically happens after these spikes, including whether prices tend to keep rising or quickly fall back.

Results from this backtest could offer important insights into the short-term prospects of entering a position right after a 5% rally. It may also reveal statistical trends regarding continued momentum or reversals, helping traders refine their strategies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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