EPICUSDT Market Overview: 24-Hour Technical Summary for 2025-09-21

• EPICUSDT declined over 24 hours, closing near a key support level at 2.015–2.020.
• Momentum weakened as RSI and MACD signaled bearish divergence, with volume declining after a sharp selloff.
• Volatility expanded early, followed by a contraction, suggesting potential consolidation or reversal.
• A bullish engulfing pattern appeared near the 2.026 level, hinting at short-term bounce potential.
• Turnover surged during the early part of the session, confirming the bearish breakout from a key level.

Epic Chain/Tether (EPICUSDT) opened at $2.10 at 12:00 ET–1 and closed at $2.028 by 12:00 ET, with a 24-hour high of $2.114 and a low of $1.98. The total volume across 15-minute candles was 585,561.9, and the notional turnover (amount × volume) was approximately $1.2 million. Price declined in a bearish fashion, with bearish momentum and volatility shifts evident.

Structure & Formations

EPICUSDT has formed a descending channel with a key support level emerging between 2.015 and 2.020, now acting as a critical short-term floor. A bullish engulfing pattern formed at 2.026 in the 15-minute chart during the early morning hours, suggesting a potential countertrend rally. A doji near the 2.04 level also indicates indecision. Resistance levels at 2.05–2.055 and 2.07–2.08 remain relevant, but the pair must first break above the 2.03–2.035 consolidation level to retest higher resistance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trend downward, with price staying below both for the past 12 hours. On the daily chart, the 50-period and 100-period moving averages also trend bearishly, indicating a continuation of the downtrend. Price remains below the 200-period moving average, reinforcing the bearish bias over the medium term.

MACD & RSI

MACD remains in negative territory with bearish crossovers, and the histogram has been shrinking slightly, suggesting a potential pullback. RSI has fallen below 30, indicating oversold conditions, but divergence between price and RSI suggests that a bounce may not be backed by strong momentum. Traders should watch for a break above 40 in RSI to signal potential short-term reversal.

Bollinger Bands

Volatility initially expanded with the lower band reaching as low as 1.98 before contracting. Price has remained within the bands throughout the session, indicating a range-bound phase. If price moves above the upper band, it could signal a short-term reversal, while a break below the lower band would confirm bearish continuation.

Volume & Turnover

Volume surged during the early part of the session (09:45–10:15 ET), confirming the breakdown from 2.008 to 1.98. However, volume has since declined, indicating weakening bearish momentum. Turnover also spiked during this period, but recent turnover has not matched the earlier levels, suggesting a potential exhaustion of bearish pressure. A volume rebound could signal either a continuation or a reversal.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 2.114 to 1.98, the 2.03–2.04 level corresponds to the 38.2% retracement, which has acted as a minor floor. The 61.8% level at 2.07–2.08 has not been tested yet and could act as a key resistance area if the market reverses. On the daily chart, the 2.05–2.06 level (61.8% retracement of the recent leg down) is a potential target for a rebound.

Backtest Hypothesis

The backtesting strategy outlined involves entering long positions on a bullish engulfing pattern confirmation near the 38.2% Fibonacci retracement level, with a stop-loss below the prior swing low and a target at the 61.8% level. Given today’s action, the 2.026 engulfing pattern and the 2.028 close align with this setup. If the strategy were executed at the open of the candle following the engulfing pattern, it would align with the 2.028–2.03 level. The recent RSI oversold reading also supports this hypothesis. However, weak volume and lack of a strong breakout suggest caution in applying this strategy without additional bullish confirmation.