Market Overview for Epic Chain/Tether (EPICUSDT) – 2025-09-27

• Price dropped 3.4% from 1.695 to 1.690, with volatility peaking mid-session.
• Strong bearish momentum confirmed by RSI and MACD divergence in late NY hours.
• Volume surged 3x above average in the 1330–1500 ET window, yet price drifted lower.
• Bollinger Bands showed tightening before a sharp price drop post-1500 ET.
• Fibonacci levels at 1.690 and 1.701 marked key reversal clusters.

Market Summary and Initial Price Action

Epic Chain/Tether (EPICUSDT) opened at 1.695 on 2025-09-26 at 12:00 ET and closed at 1.690 on 2025-09-27 at 12:00 ET, with an intraday high of 1.743 and a low of 1.670. Total traded volume over the 24-hour period was 600,000.5 units, and notional turnover amounted to approximately $1,034,880.00, based on weighted average prices. The asset experienced a late-night bearish reversal, with a sharp drop post-1500 ET, following a consolidation phase and a failed breakout above 1.740.

Structure & Formations

The daily structure showed a clear bearish bias as the price broke below key intraday support at 1.700 and 1.685. A bearish engulfing pattern formed near 1.720 during the early hours of 0900–1000 ET, followed by a trend continuation pattern during the 1400–1500 ET session, reinforcing the downtrend. A bearish flag formed between 1.710 and 1.740 failed to hold, and the price broke down with a large-volume bar. The 1.690 level appears to be a strong support cluster, marked by a Fibonacci 61.8% retracement level from the 1.670–1.743 swing and a prior low from earlier in the month.

MACD & RSI

The RSI dropped sharply from 68 to 38 over the 24-hour period, signaling overbought conditions had faded and bearish momentum had taken hold. The MACD crossed into negative territory from 1600 ET onwards, with bearish divergence observed in the late afternoon session. The histogram showed a strong bearish impulse post-1500 ET, aligning with the price breakdown below 1.700. This suggests a possible continuation of the downward move unless buyers step in at 1.680 or above.

Bollinger Bands and Volatility

Volatility showed a notable expansion after 1500 ET, with the asset price dropping below the lower Bollinger Band at 1.680. Prior to that, the bands had tightened between 1.715 and 1.725 from 1200–1400 ET, indicating a contraction in volatility. The price then broke out with a large bar to the downside, suggesting a potential exhaustion of bullish sentiment. The current price is sitting near the lower Bollinger Band, indicating that a rebound to the middle band (1.697) could be possible if support at 1.680 holds.

Volume and Turnover Divergence

Volume spiked significantly from 1330–1500 ET, with a total of 76,000 units traded in a 1.5-hour window, yet the price moved lower during this time, signaling a potential divergence. This volume-heavy bearish move may indicate a shift in sentiment toward the downside. Turnover also rose sharply in the same period, with the largest spike occurring at 1330 ET when the price was in consolidation. This divergence suggests bearish conviction among larger traders or a washout of short-term buyers.

Fibonacci Retracements and Key Levels

Fibonacci retracement levels from the key 1.670–1.743 swing show the price is currently near the 61.8% level at 1.690, which aligns with a prior support level from the prior week. A further breakdown below 1.690 would target the 78.6% retracement at 1.670 or even lower. On the 15-minute chart, the price has bounced from the 38.2% retracement level at 1.700, but failed to hold it, indicating a potential continuation of the downtrend. Traders should monitor the 1.680 and 1.670 levels closely for a potential trend confirmation.

Backtest Hypothesis

Given the bearish divergence in RSI and MACD, the volume spikes, and the breakdown below key support levels, a potential backtesting strategy could focus on short entries near the 1.690–1.700 zone, with a stop above the 1.715 resistance and a target at 1.670. A confirmation could be a close below 1.690 followed by a bearish candlestick pattern, such as a dark cloud cover or a shooting star. Additionally, entries could be triggered on a break below the lower Bollinger Band, with stop-loss placed above the 1.700 level to filter false breakouts.