Market Overview for Epic Chain/Tether (EPICUSDT) – 24-Hour Analysis

• Price dropped 33.8% from $1.451 to $0.948 over 24 hours, with a massive sell-off between 21:00–22:00 ET.
• RSI hit oversold territory below 30, suggesting potential short-term rebound, though bearish momentum remains strong.
• Volume surged to 583,501 at 14:15 ET, coinciding with a large bullish engulfing candle and sharp price rebound.
• Bollinger Band contraction observed in the final 4–5 hours, indicating low volatility ahead of a potential breakout.
• 20-period EMA on 15-minute chart crossed below 50 EMA, confirming bearish short-term bias.

At 12:00 ET on October 10, 2025, EPICUSDT opened at $1.451 and closed at $0.979 by 12:00 ET on October 11, trading as low as $0.948 and as high as $1.595. Total volume reached 2,402,270.5, with a 24-hour turnover of approximately $2,238,995.

The 24-hour price action featured a dramatic bearish reversal from early in the session, with a sharp selloff between 21:00–22:00 ET that saw price plummet from $1.387 to as low as $0.953. A significant bullish engulfing candle emerged at 14:15 ET, with the high reaching $1.595 and volume spiking to 583,501, suggesting a short-covering rally or accumulation. Key support levels appear near the 0.948–0.952 zone, with a 61.8% Fibonacci retracement from the $1.387–$1.595 move at around $1.025 offering a potential short-term resistance level.

MACD has turned negative and remains bearish, with a large bearish divergence observed during the selloff, and RSI is currently in oversold territory at ~29, hinting at a possible bounce in the near term. However, the 20-period EMA on the 15-minute chart is below the 50-period EMA, reinforcing a bearish bias. Bollinger Bands have contracted in the last 4–5 hours, signaling a potential breakout—either higher or lower—as volatility may soon increase.

The 15-minute candlestick pattern at 14:15 ET showed a strong bullish engulfing, confirming a reversal from a key support level. However, this was followed by a retest at lower levels, which failed, indicating that buyers may be cautious unless price retests above the 0.979–1.005 range. Volume and turnover data show a significant divergence at the bottom—while price hit a low, volume surged—confirming strength in the bounce but not necessarily a long-term reversal.

Backtest Hypothesis

Given the observed candlestick reversal at 14:15 ET, combined with a strong RSI divergence and a bullish engulfing pattern, a potential backtest strategy could involve a long entry on a close above $1.005 with a stop-loss below the recent low at $0.976 and a take-profit target at $1.025 (61.8% Fib). This would leverage the combination of price action, volume confirmation, and Fibonacci levels as outlined in the technical analysis. The strategy could be optimized by using a 15-minute time frame and incorporating a trailing stop once the price breaks above $1.015.

The pair may attempt a short-term bounce but faces strong resistance at $1.005–$1.025. Investors should watch for a retest of this level, as a successful break could signal a broader trend reversal. However, caution is warranted as the overall bias remains bearish unless volume confirms a sustained move above $1.025.