Market Overview for Epic Chain (EPICUSDT) on 2025-08-25

• Epic Chain declined 3.5% over 24 hours, closing near key support at $2.49 after an early morning selloff.
• A bearish engulfing pattern formed at $2.706, coinciding with a volume spike of 102,477.6.
• Volatility expanded in the early hours before narrowing into a consolidation phase by late morning.
• RSI reached oversold territory below 30, suggesting a potential rebound from current levels.
• Fibonacci retracement levels at 38.2% ($2.51) and 61.8% ($2.49) aligned with recent price behavior.

Epic Chain (EPICUSDT) opened at $2.605 at 12:00 ET − 1, reached a high of $2.706, a low of $2.477, and closed at $2.49 at 12:00 ET. Total volume amounted to 934,264.0, with a notional turnover of approximately $2,423,000 over the 24-hour period.

Structure & Formations

The 15-minute chart shows a bearish reversal at the morning high of $2.706, marked by a large bearish engulfing candle with a volume spike. Price then declined through key Fibonacci levels before consolidating near $2.49. A doji formed at $2.484 in the late morning, indicating indecision. A potential short-term support zone appears to be forming at $2.46–$2.49, with resistance near $2.51–$2.54.

Moving Averages

On the 15-minute chart, price has remained below both the 20- and 50-period moving averages, reinforcing the bearish bias. The daily chart shows a cross of the 50- and 100-period MAs near $2.60, suggesting weakening bullish momentum.

MACD & RSI

The MACD histogram turned negative in the early hours, confirming bearish momentum. RSI dropped below 30 in the early morning, suggesting oversold conditions, though price remains in a downtrend. A reversal above $2.51 could trigger a bounce.

Bollinger Bands

Volatility expanded in the early hours with a wide band at $2.543 to $2.640, followed by a gradual contraction as price moved lower. Price is now near the lower Bollinger band, reinforcing oversold conditions and hinting at a potential rebound.

Volume & Turnover

Volume spiked sharply at $2.706 with 102,477.6 contracts traded, confirming the rejection of that level. Turnover dropped sharply after the morning selloff, indicating reduced conviction in the decline. A divergence between price and volume is visible in the afternoon, suggesting exhaustion.

Fibonacci Retracements

The recent 15-minute swing from $2.477 to $2.706 has seen price retrace to the 61.8% level at $2.51 and 38.2% at $2.54. Price has stalled near $2.49, a 61.8% retracement of the larger daily swing from $2.46 to $2.685.

A rebound from current levels is possible in the near term, particularly if RSI stabilizes above 30 and volume increases. However, a break below $2.49 could extend the selloff toward $2.46. Investors should remain cautious and watch for a breakout above $2.51 to confirm a reversal.