EPICUSDT Market Overview: 2025-10-02 12:00 ET–12:00 ET

• EPICUSDT fell 0.7% over 24 hours, closing at 1.805 with bearish momentum and a key 1.810 support level tested.
• Volatility expanded with a Bollinger Band breach during the session, while volume spiked near 1.816–1.822.
• RSI signaled oversold conditions below 30, suggesting a potential near-term rebound, but bearish momentum remains.
• The 1.832–1.833 swing high became a short-term resistance, with Fibonacci levels projecting possible 1.814–1.832 consolidation.

Epic Chain/Tether (EPICUSDT) opened at 1.816 on 2025-10-02 at 12:00 ET and traded as high as 1.879 before closing at 1.805 on 2025-10-03 at 12:00 ET. Total 24-hour volume reached 398,206.9, with turnover of 699,083.5 in USD equivalent. The pair posted a bearish close, forming a bearish continuation structure amid key support and resistance levels.

Structure & Formations

Price formed a bearish engulfing pattern at 1.840–1.833, confirming the reversal of the earlier bullish momentum. A doji at 1.883–1.883 highlighted indecision among buyers. The 1.810 level appears to be a critical support after being tested multiple times, and a breakdown below this would likely target 1.79–1.80. Resistance remains at 1.822–1.832, where Fibonacci 38.2% retracement and recent swing highs converge.

Moving Averages & MACD

On the 15-minute chart, price closed below both the 20-period (1.819) and 50-period (1.822) moving averages, reinforcing the bearish trend. The MACD (12, 26, 9) turned negative, crossing under the signal line during the afternoon and maintaining a bearish crossover. The histogram remained in negative territory, indicating ongoing bearish momentum.

RSI & Bollinger Bands

Relative Strength Index dipped below 30 at 1.803, signaling oversold conditions and hinting at a possible bounce. However, the RSI has not shown a strong recovery, suggesting a lack of conviction in the buying side. Volatility increased during the early part of the session, with price breaching the upper Bollinger Band at 1.895 and later contracting. By the close, price settled near the lower band, suggesting a period of consolidation is possible.

Volume & Turnover

Volume spiked at 1.822–1.816 (18,626.6) and 1.805–1.802 (25,139.6), indicating strong participation during key levels. Turnover confirmed these moves, aligning with the volume spikes. Divergence appears at the 1.841–1.833 level, where price made a lower low while volume remained moderate, potentially signaling a weakening bearish trend.

Fibonacci Retracements

Applying Fibonacci levels to the 1.816–1.879 swing, key retracement levels include 1.832 (61.8%) and 1.822 (38.2%), which have acted as strong resistance and support. Price appears to be consolidating between these levels, suggesting a likely range-bound scenario unless a breakout occurs.

Backtest Hypothesis

The backtest strategy described leverages a combination of RSI divergence and volume spikes to identify potential reversals in range-bound markets. Specifically, when RSI crosses below 30 and volume increases by more than 30% above the 15-minute average, a long position is initiated. This aligns with the recent 1.803–1.805 price action, where oversold conditions and volume confirmation could have triggered a long entry. Conversely, bearish setups would trigger short entries when RSI crosses above 70 with a volume spike at resistance levels. Given the current conditions, a short-term bounce from 1.805 is plausible, but a sustained break below 1.810 could invalidate this bullish bias.