EPICUSDT Market Overview: Mixed Momentum Amid High Volatility and Key Level Breakouts

• EPICUSDT opened at 1.86 and closed at 1.883 over 24 hours, with a high of 1.934 and a low of 1.791.
• Price formed a bullish engulfing pattern around 1.82 and a bearish doji near 1.934, signaling mixed sentiment.
• RSI moved into overbought territory above 70, while volume surged after the 5:30 AM ET breakout to 1.934.
• Volatility expanded as price traded within widening Bollinger Bands, with several breaks of the upper band.
• Turnover spiked during the 5:30 AM ET and 8:30 AM ET sessions, confirming key price levels.

Epic Chain/Tether (EPICUSDT) opened at 1.86 on 2025-09-23 at 12:00 ET, reached a high of 1.934, a low of 1.791, and closed at 1.883 as of 12:00 ET on 2025-09-24. Total volume for the 24-hour period was 553,915.6, and notional turnover was $995,661.2 (assuming EPICUSDT = 1,000 USDT for turnover). The pair has shown increased volatility and momentum during the early to mid-day Asian trading hours.

Structure & Formations

Price found a strong support level around 1.82 and bounced off it multiple times, forming a bullish engulfing pattern. Conversely, a bearish doji appeared near 1.934, suggesting short-term indecision. The price also broke above a prior resistance at 1.915 on higher volume, indicating a potential shift in sentiment toward the upside. A key resistance appears to be forming at 1.934, while the 1.82–1.84 range looks to be a critical support zone.

Moving Averages

On the 15-minute chart, the 20-period MA moved above the 50-period MA, forming a golden cross around 1.84–1.86. On the daily chart, the 50-period MA is above the 100-period MA, but the 200-period MA remains below, suggesting a potential short-term bullish bias with a longer-term neutral to bearish tone. The price appears to be trading slightly above the 50-period MA on a daily basis, indicating some short-term strength.

MACD & RSI

The MACD showed a bullish crossover in the early morning session, confirming a short-term upswing in momentum. RSI rose into overbought territory above 70 during the breakout to 1.934 and has since corrected slightly. However, it remains elevated, suggesting continued buying pressure. This could indicate a short-term overbought condition, but the strength of the move suggests caution is warranted if RSI fails to pull back below 70 within the next 24 hours.

Bollinger Bands

Volatility expanded significantly after the 5:30 AM ET breakout, with price briefly breaking the upper band. The bands have since widened, and price remains within them, suggesting a continuation phase. A contraction in Bollinger Band width may signal a potential reversal or consolidation ahead, but the current trend appears to be in an active phase.

Volume & Turnover

Volume spiked to 92,893.5 at 7:00 AM ET and again at 8:30 AM ET, confirming the price breakouts above 1.915 and 1.934. Notional turnover mirrored the volume spikes, aligning with price action. However, volume dipped slightly during the late afternoon, suggesting a possible pause in momentum. A divergence between rising price and falling volume could signal a weakening trend, but for now, price and volume are in sync.

Fibonacci Retracements

Applying Fibonacci to the 1.82–1.934 move, the 61.8% level is at approximately 1.888, where price paused briefly before consolidating. The 38.2% level at 1.865 also served as a minor resistance during the morning session. On the daily chart, Fibonacci retracements from the broader 1.791–1.934 move suggest key levels at 1.877 (38.2%) and 1.836 (61.8%). The current consolidation near 1.88–1.89 suggests that further upward movement may depend on a breakout above 1.915.

Backtest Hypothesis

A potential backtesting strategy for EPICUSDT involves entering long positions when the 20-period MA crosses above the 50-period MA (golden cross) and the RSI is above 50 but below 70, indicating a bullish but not overbought condition. A stop-loss could be placed just below the most recent swing low, while the take-profit level could be set at the 61.8% Fibonacci retracement. This approach would target short-term momentum while managing risk. During the 2025-09-24 session, this setup was partially confirmed, with a golden cross occurring alongside a strong bullish breakout. However, the overbought RSI suggests a higher risk of a pullback in the near term, requiring careful timing or trailing stops to protect gains.