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

Summary
• Price opened at $0.751 and dropped to a 24-hour low of $0.676 before recovering to $0.728.
• Momentum weakened in early hours, with RSI entering oversold territory below 30.
• Bollinger Bands widened in the first half, indicating increased volatility and price consolidation later.
• Volume spiked during the initial decline but waned during the recovery phase.
• A bullish engulfing pattern formed near the $0.68–$0.69 level, suggesting short-term support.

Epic Chain/Tether (EPICUSDT) opened at $0.751 on 2025-12-23 12:00 ET and reached a low of $0.676 during the session, closing at $0.728 by 2025-12-24 12:00 ET. The pair hit a high of $0.789 during the 24-hour period. Total volume was 5,287,251.0, with notional turnover of $3,640,520.

Structure & Candlestick Patterns

The price action revealed a sharp bearish trend early in the session, with a notable decline from $0.75 to $0.676. This was followed by a slow recovery toward the mid- to upper 0.70s. A bullish engulfing candle formed near the $0.68–$0.69 level, signaling possible short-term support. Key resistance appears to be around $0.75, where price previously tested multiple times.

Moving Averages and Momentum

Short-term 5-minute moving averages (20/50) suggest a mix of bearish and bullish pressure, with the 50-period line dipping below the 20-period during the early decline. On the daily chart, the 50/100/200 SMA setup shows the price below the 200 SMA, indicating a broader bearish trend. RSI hit an oversold level early in the session and has since recovered toward neutral territory, suggesting a potential pause in downward momentum.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly during the initial decline, reflecting heightened volatility. As the price stabilized, the bands began to contract slightly, indicating a possible consolidation phase. Price has remained within the band range for most of the session, suggesting no immediate breakouts unless volume surges.

Volume and Turnover

Volume surged during the initial drop, especially between 19:30 and 20:30 ET, with a large turnover spike of $3,127,872 at $0.789. This was followed by a period of lower volume as the price consolidated. The volume profile appears to confirm the bearish momentum during the initial phase but lacks confirmation for a strong rebound in the final hours.

Fibonacci Retracements

On the 5-minute chart, the $0.728 level is near a 50% Fibonacci retracement of the earlier drop, suggesting a potential area of consolidation. The $0.763 level aligns with a 61.8% retracement from the recent high, indicating a possible short-term resistance.

The market may continue to test key support levels in the near term, particularly around $0.675–$0.68, with potential for a bounce if volume increases. Investors should remain cautious of renewed volatility if the pair breaks below $0.69 or above $0.76, with both scenarios carrying elevated risk for sharp moves.