Market Overview for Epic Chain/Tether (EPICUSDT) – 2025-10-09

• Price opened at $1.738 and declined to a low of $1.466, closing at $1.498 after a volatile 24-hour session.
• Notable bearish momentum accelerated after 14:45 ET with a massive $506,933.4 notional turnover drop from $1.59 to $1.456.
• Volatility expanded significantly during the drop, with Bollinger Bands widening past 1.6σ and RSI hitting oversold levels.
• Volume surged to 304,215.2 during the final 15-minute candle but failed to confirm a rebound.
• Fibonacci retracements suggest key support near $1.488 and resistance at $1.535 for potential reversal scenarios.

Epic Chain/Tether (EPICUSDT) opened at $1.738 on 2025-10-08 at 12:00 ET and closed at $1.498 on 2025-10-09 at 12:00 ET, forming a bearish price pattern. The 24-hour range was between $1.73 and $1.744 (open) to $1.466 and $1.641 (close). Total volume reached 304,215.2 and notional turnover hit $506,933.4 in the final candle.

Structure & Formations

The price formation shows a strong bearish bias after a midday peak at $1.771. A key bearish engulfing pattern emerged at 18:30 ET, confirming a shift in sentiment. A doji candle at $1.695 (04:00 ET) may signal indecision. Support levels appear to be at $1.663 and $1.598, with $1.488 forming as a new critical floor. Resistance levels are likely at $1.69, $1.73, and $1.77.

Moving Averages

On the 15-minute chart, the 20SMA crossed below the 50SMA in a death cross formation after 18:00 ET. Daily chart indicators show the 50DMA below the 200DMA, reinforcing the bearish trend. If the 1.50 level is tested, the 20DMA could act as a dynamic support if it stabilizes above $1.52.

MACD & RSI

The MACD line fell sharply below zero after 14:45 ET, confirming bearish momentum. RSI reached oversold territory near $1.466 but failed to trigger a meaningful rebound. This suggests a weak oversold bounce. MACD divergence appears to confirm the move lower, with the histogram narrowing after the major drop.

Bollinger Bands expanded as volatility increased during the fall, with the close at $1.498 near the lower band at -1.6σ. This suggests further support testing is likely but could also signal a temporary pause.

Volume & Turnover

Volume spiked during the final 15-minute candle with a turnover of $506,933.4, but the price failed to recover, indicating weak buying pressure. Earlier, a large volume bar of 203,467 at 12:45 ET failed to confirm bullish strength. A divergence between volume and price indicates bearish exhaustion may be near.

Fibonacci Retracements

Fibonacci levels from the $1.771 high to the $1.466 low highlight key retracement points: 38.2% at $1.613 and 61.8% at $1.546. These levels appear to be testing zones for potential consolidation or reversal. A break below the 61.8% level could extend the bearish move toward $1.466 again, reinforcing the 24-hour low as a psychological floor.

Backtest Hypothesis

The backtesting strategy described assumes a mean-reversion approach during high volatility periods, with a focus on Fibonacci retracements and Bollinger Band extremes. A potential strategy could involve a short bias triggered when price breaks below the 61.8% Fibonacci level and RSI confirms oversold conditions. Stop-loss placement near the 50% retracement level or above a recent bullish engulfing pattern would be prudent to manage risk.