EPICUSDT Market Overview on 2025-11-13

Summary
• Price dropped from $0.701 to $0.679, ending the 24-hour period with a bearish trend.
• RSI entered oversold territory, suggesting a potential reversal or consolidation.
• Volatility spiked after 22:30 ET, with a sharp move to $0.725 followed by a rapid decline.

The EPICUSDT pair opened at $0.701 on 2025-11-12 at 12:00 ET and closed at $0.679 by 12:00 ET on 2025-11-13, recording a low of $0.677 and a high of $0.725. The total 24-hour trading volume amounted to 2,254,352.3 units of EPIC, with a notional turnover of $1,588,221.16 (calculated from the dataset’s volume and price data). Price action unfolded in a volatile pattern, especially between 17:00 and 23:30 ET, where a sharp rally was followed by a swift reversal.

Structure & Formations
Price found support at the $0.68 and $0.677 levels multiple times during the 24-hour window, while resistance emerged at $0.702 and $0.725. A bearish engulfing pattern appeared after the 22:30 ET surge, as the following candle closed below the open of the prior candle. A small doji formed at 03:30 ET, indicating indecision near $0.703. These formations suggest a tug-of-war between bulls and bears around key psychological levels.

Moving Averages
On the 15-minute chart, the 20-period and 50-period SMAs crossed below the price by the end of the day, reinforcing the bearish momentum. For the daily chart, the 50-period SMA sits at $0.68, aligning with the observed support zone. The 100- and 200-period SMAs are further south, suggesting that the price remains in a larger consolidation phase.

MACD & RSI
The RSI dipped below 30 for much of the day, signaling oversold conditions, while the MACD line flattened and crossed the signal line as bearish momentum waned. Both indicators hinted at a possible short-term reversal, though the lack of follow-through on long entries limited upside potential.

Bollinger Bands
Volatility expanded significantly during the 22:30 ET to 00:30 ET period, with the price reaching the upper band at $0.725 before retreating sharply. By the end of the period, the price had settled within the lower half of the bands, suggesting a possible near-term rebound or consolidation phase.

Volume & Turnover
Volume surged during the late-night rally, especially between 22:30 and 00:30 ET, but declined sharply after the reversal. This divergence between volume and price could indicate a potential short-term exhaustion of bearish pressure.

Fibonacci Retracements
Applying Fibonacci retracement levels to the 22:30 ET to 00:30 ET move, the 38.2% level at $0.714 was briefly tested, but the 61.8% level at $0.696 acted as a critical support zone during the early morning sell-off.

Backtest Hypothesis
The RSI overbought/oversold strategy outlined aligns closely with today’s action, particularly the late-night rally and subsequent correction. A buy signal triggered at 22:30 ET when RSI crossed 70 led to a sharp price increase, but the position was closed at 22:45 ET, realizing a small gain. A sell signal would have emerged if the RSI dropped below 30, which it did at 05:15 ET, but without a defined exit rule, the strategy would require clarification. Testing this strategy over the full 2022–2025 period could help assess its viability under varying market conditions.