Market Overview for Epic Chain/Tether (EPICUSDT): Volatility and Rebound in a 24-Hour Cycle

• Price fell to a 24-hour low of $0.685 before rebounding to close near $0.729.
• High volatility seen with a 7.4% swing and a 220,000+ volume spike midday.
• RSI and MACD showed bearish divergence early before turning bullish late.
• Bollinger Bands tightened before the break, suggesting a potential trend shift.
• Volume and turnover diverged during the morning selloff, signaling possible bearish pressure.

Epic Chain/Tether (EPICUSDT) opened at $0.724 on 2025-11-11 at 12:00 ET and closed at $0.729 on 2025-11-12 at 12:00 ET. The pair reached a high of $0.734 and a low of $0.685 over the 24-hour period. Total volume traded exceeded 2,200,000, while total notional turnover stood at approximately $1,458,000.

Structure & Formations

Price action displayed a sharp selloff from midday on the 11th, falling to a 24-hour low of $0.685. This was followed by a strong rebound into the early morning of the 12th. Key support levels were observed around $0.685 and $0.702, while resistance appeared to form near $0.725 and $0.734. A bullish engulfing pattern formed at the close of the 15-minute candles around 09:30 ET on the 12th, suggesting a potential reversal in short-term bearish momentum.

Moving Averages

The 15-minute chart showed price closing above the 20-period and 50-period moving averages in the final hours of the session, indicating a potential shift toward bullish bias. On the daily chart, price remains above the 50- and 100-day moving averages but is approaching the 200-day line. This suggests a possible test of medium-term trend strength.

MACD & RSI

The MACD line crossed below the signal line in the early morning of the 12th, forming a bearish death cross. However, it reversed back above the signal line by late morning, aligning with the bullish price rebound. RSI entered oversold territory near 30 early on the 12th but recovered to a neutral 52 by the end of the session. This supports the view that the selloff was overextended, with potential for further consolidation or reversal.

Bollinger Bands

Bollinger Bands tightened sharply around 09:00–10:00 ET as volatility contracted, followed by a break above the upper band in late morning. This suggests a potential breakout scenario, though traders should watch for pullbacks to the mid-band before taking long positions. Volatility remains elevated compared to the previous 48 hours.

Volume & Turnover

Volume surged above 220,000 at 10:30 ET, coinciding with a strong upward move. However, turnover did not rise in tandem, indicating possible divergence. This could hint at increased short-term buying pressure without a proportional increase in conviction. Morning volume spikes were largely bearish, confirming the selloff but also suggesting that the downside may be limited.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at $0.702 held during the selloff, indicating a potential short-term support zone. The 38.2% retracement at $0.721 was briefly tested late in the session. On the daily chart, the 50% retracement level of the recent swing low to high appears near $0.734, which could act as a key resistance point in the coming 24 hours.

Backtest Hypothesis

The MACD Golden/Death-Cross strategy was tested over the same period, with results showing mixed outcomes. The strategy managed to capture several strong up-swings, particularly during the late morning rebound, but it also suffered from significant drawdowns during the sharp selloff. These deep declines, often linked to bearish momentum phases, suggest that the strategy may benefit from additional risk controls, such as stop-loss levels or max-hold-day constraints. Incorporating volatility filters or position sizing could also enhance the risk-adjusted returns.