Market Overview for Epic Chain/Tether (EPICUSDT) - 2025-09-25

• EPICUSDT fell 5.7% over the last 24 hours, closing near a key Fibonacci level.
• A bearish divergence in RSI suggests weakening momentum in a downtrend.
• Volatility expanded after 00:30 ET, with a sharp drop from $1.89 to $1.82.
• Large-volume bearish engulfing patterns formed near prior resistance.
• Bollinger Band contraction occurred before a sharp price breakdown.

Epic Chain/Tether (EPICUSDT) opened at $1.891 on 2025-09-24 at 12:00 ET and fell to a 24-hour low of $1.747, closing at $1.754 as of 12:00 ET on 2025-09-25. The 15-minute OHLCV data shows a total volume of 318,854.8 and notional turnover of ~$533,822.00 during the 24-hour period, reflecting increased bearish activity.

Structure & Formations

The 24-hour chart for EPICUSDT reveals a strong bearish bias with key support levels forming at $1.755 and $1.747, which were tested multiple times during the session. A notable bearish engulfing pattern occurred at $1.892 on the 00:30 ET candle, confirming a shift in sentiment. A doji formed near $1.830, indicating indecision, followed by a breakdown to lower levels. Resistance levels appear to be forming at $1.860 and $1.900, both of which were breached on a downward move.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the downside after 02:00 ET, confirming bearish momentum. On the daily chart, the 50DMA is currently at $1.815, while the 200DMA sits at $1.845, indicating a moderate bearish bias. Price has closed below both moving averages for two consecutive periods, suggesting continued selling pressure and potential for further downside.

MACD & RSI

The MACD turned negative early in the session and remained bearish, with a growing histogram below the zero line. The RSI fell to oversold territory around $1.765 but did not trigger a strong rebound, instead confirming a bearish continuation. This divergence suggests that while the price may consolidate temporarily, further downside is likely unless buyers can push the RSI above 50 with volume confirmation.

Bollinger Bands

Bollinger Band contraction occurred just before the sharp price breakdown at $1.830–$1.840. After 01:00 ET, the bands expanded significantly, with price closing near the lower band. This suggests increased volatility and a continuation of bearish pressure. If the current trend continues, the upper band at $1.890 may act as a key resistance level for potential short-covering or countertrend activity.

Volume & Turnover

Volume spiked during the early morning hours, particularly at $1.840–$1.825, with a large-volume bearish candle confirming the breakdown. However, turnover did not confirm the price move, indicating potential short-term uncertainty. The largest single candle occurred at 00:30 ET with a volume of 60,679.3, which coincided with a sharp drop from $1.893 to $1.863. The volume profile shows a skew to the bearish side, suggesting strong seller dominance.

Fibonacci Retracements

The $1.754 close aligns with the 61.8% Fibonacci retracement level of the recent 1.891–1.747 move. This level acted as a minor support during the last two 15-minute candles. On the daily chart, the 50% retracement is at $1.845, and the 38.2% retracement at $1.825. The price is currently testing the 61.8% level, which could either hold for a bounce or break for a further decline toward $1.720–$1.715.

Backtest Hypothesis

Given the current bearish structure, a potential backtest strategy would involve a short entry at the 61.8% Fibonacci level ($1.754) with a stop-loss above the 50% level ($1.825). A target of the next Fibonacci level at $1.720 could provide a risk-reward ratio of approximately 1:1.5. This approach is based on the observed breakdown and confirmation of bearish momentum through volume and RSI divergence. If this level holds, a countertrend long could also be considered from the 38.2% retracement ($1.790) with a stop below $1.780.