Market Overview for Epic Chain/Tether (EPICUSDT) as of 2025-09-26

• EPICUSDT declined from 1.766 to 1.643 over 24 hours, with key support at 1.673 and resistance at 1.705.
• A bearish divergence in volume and price indicates ongoing selling pressure.
• RSI near oversold territory suggests potential for near-term reversal or consolidation.
• Volatility expanded significantly as price broke below key moving averages.
• Fibonacci retracement levels indicate possible bounce from 1.643–1.663 before 1.705.

At 12:00 ET, EPICUSDT opened at 1.764, reached a high of 1.766, fell to a low of 1.643, and closed at 1.667. Total volume was 306,836.3 and notional turnover amounted to 507,560.8. The 24-hour price decline reflects bearish momentum amid elevated volatility.

Structure & Formations

Price action shows a bearish breakdown from a key support at 1.702, followed by a sharp pullback to 1.643. A doji at 1.667 and a bullish engulfing pattern at 1.686–1.692 suggest potential near-term consolidation. The 1.673 level appears to be a short-term floor with increasing volume on dips.

Moving Averages and MACD / RSI

On the 15-minute chart, the 20SMA and 50SMA are both bearish, with the price below both. MACD lines crossed into negative territory, confirming downward momentum. RSI dipped to 31 at the 1.643 low, hinting at oversold conditions. The daily RSI remains bearish but shows signs of stabilizing at 36 as of close.

Bollinger Bands and Fibonacci

Bollinger Bands expanded during the drop to 1.643, indicating heightened volatility. Price is currently within the lower band at 1.667, suggesting a potential bounce. On the 15-minute chart, the 1.663–1.686 swing defines a Fibonacci retracement zone. A 61.8% retracement aligns with the 1.705 level, offering a likely target for any near-term rally.

Volume & Turnover

Volume spiked during the sharp decline in the 22:00–23:00 ET timeframe, confirming bearish sentiment. However, volume during the 03:00–06:00 ET consolidation was relatively thin, indicating a lack of follow-through. Notional turnover also dipped during the 05:00–09:00 ET period, suggesting a lull in conviction on the move lower.

Forward Outlook and Risk Considerations

With RSI near oversold levels and a potential 38.2% retracement at 1.679–1.683, a short-term bounce appears possible. However, a break below 1.643 could trigger further momentum. Investors should watch for a close above 1.705 to signal a potential reversal.

Backtest Hypothesis

A possible backtesting strategy involves entering long positions when EPICUSDT closes above the 20SMA after a 24-hour RSI dip below 30 and a bullish engulfing pattern forms. Stops could be placed below the 15-minute support at 1.663, with a take-profit at the 61.8% Fibonacci level at 1.705. This setup aims to capture a retracement from an oversold condition with strong volume confirmation.