Market Overview for Epic Chain/Tether (EPICUSDT)

Summary
• Price surged from 0.720 to 0.779, forming a bullish breakout above prior resistance at 0.768.
• Volume surged in late NY trading, confirming strength as price pushed higher, with turnover hitting $86,628.
• RSI reached 65 near the overbought threshold, suggesting short-term momentum may consolidate or retest.
• Bollinger Bands expanded in late hours, reflecting increased volatility and potential for continuation or consolidation.
• A bullish engulfing pattern formed at 0.750–0.755, indicating possible reversal from earlier bearish pressure.

Epic Chain/Tether (EPICUSDT) opened at 0.720, hit a 24-hour high of 0.779, a low of 0.712, and closed at 0.764. Total volume was 1,245,828.6, with notional turnover of $924,756 over 5-minute intervals.

Structure & Formations

The 5-minute chart showed a strong breakout above the key resistance at 0.768, confirmed by a bullish engulfing pattern at 0.750–0.755. Price action indicated a reversal from early bearish momentum and retesting of support levels in the 0.750–0.760 zone. Fibonacci retracements at 38.2% (0.756) and 61.8% (0.766) aligned with key price action levels.

MACD & RSI

RSI reached 65, nearing overbought territory, while MACD showed a positive divergence, suggesting bullish momentum could consolidate before a potential pullback. A bearish RSI divergence in the 0.770–0.779 range may signal resistance ahead.

Volatility & Bollinger Bands

Volatility increased in the final 6 hours as Bollinger Bands expanded, with price staying close to the upper band. This suggests strong short-term bullish momentum, but a reversal could occur if price fails to hold above 0.763.

Volume & Turnover

Volume spiked during the 01:30–03:45 ET window, with a large 5-minute candle at 0.763 indicating accumulation. However, turnover and volume began to decline after 07:30 ET, suggesting potential exhaustion ahead of a reversal.

Epic Chain/Tether appears to be testing a multi-week resistance zone, with a possible pullback to 0.754 in the next 24 hours. Investors should watch for a retest of 0.763 as a key support level and manage exposure to overbought conditions.