Market Overview for Epic Chain/Tether (EPICUSDT) on 2025-10-10

• EPIC/USDT traded in a 24-hour range of $1.413–$1.567, with a close near upper end after a sharp post-midnight rebound.
• Momentum dipped below 30 in the RSI, suggesting oversold conditions, but failed to confirm a reversal.
• Volume spiked in early morning USDT accumulation, but late-day selling accelerated turnover divergence.
• Bollinger Bands expanded significantly after a tight pre-market contraction, signaling heightened volatility.
• A bullish engulfing pattern emerged after 8:00 PM, but failed to hold above the 1.532 psychological hurdle.

Epic Chain/Tether (EPICUSDT) opened at $1.466 on 2025-10-09 12:00 ET and closed at $1.424 the following day. The pair hit a high of $1.567 and a low of $1.413 over 24 hours. Total traded volume was 747,352.5 and notional turnover reached $1,154,778.60. The pair displayed a volatile consolidation pattern with sharp intraday swings.

Structure & Formations

Price action revealed key levels at $1.532 (resistance), $1.49 (major support), and $1.47 (minor support). A large bearish engulfing candle formed after 8:00 PM as sellers took control near $1.532. A potential triple bottom emerged near $1.47–$1.48, but lacked strong volume confirmation. A doji appeared near $1.491 at 3:15 AM, signaling indecision ahead of a sharp rebound. The consolidation pattern appears to be forming a bullish ascending triangle with the breakout yet to come.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) held above the 50-period SMA for most of the day, indicating bullish momentum early on. By midday, the 50-period SMA had crossed above the 20-period SMA, signaling a shift in bearish control. On the daily chart, the 50-period SMA remained above the 100-period SMA, and both were above the 200-period SMA, suggesting a longer-term bullish bias. The price closed just below the 50-period daily SMA at $1.482, indicating a potential bounce or reversal zone.

MACD & RSI

The MACD turned negative in the afternoon, confirming bearish momentum, but showed a slight divergence as prices continued to fall. The RSI dipped below 30 in the early morning, indicating oversold conditions, but failed to trigger a meaningful rebound. The RSI remained within 30–60 for most of the day, suggesting a period of consolidation. A potential reversal could be signaled if the RSI breaks above 50 with increasing volume.

Bollinger Bands showed a tight contraction before 7:00 AM, followed by a sharp expansion as volatility increased. Price traded near the lower band during the oversold phase and moved toward the middle band in the morning. By afternoon, prices had moved closer to the upper band, indicating a potential overbought condition that may not hold without strong volume support.

Volume & Turnover

Volume spiked sharply in the early morning as buyers pushed prices from $1.46 to $1.53, but turnover failed to confirm the strength of the move, hinting at possible short-term accumulation. Later in the day, volume declined while prices continued to fall, signaling a bearish divergence. The largest volume surge occurred at 11:15 AM and 11:30 AM as the price reached a 24-hour high. However, subsequent selling pressure led to a rapid unwind of bullish gains, with volume again rising in the late afternoon.

Fibonacci Retracements

Applying Fibonacci retracement levels to the morning move from $1.46 to $1.567, key levels include 38.2% at $1.514, 50% at $1.516, and 61.8% at $1.521. Price briefly tested the 61.8% level before retreating. On the daily chart, retracement levels from the recent swing high at $1.567 suggest key support at 38.2% at $1.503, 50% at $1.499, and 61.8% at $1.494. The current price near $1.424 is far below these levels, indicating a potential oversold condition if a strong reversal follows.

Backtest Hypothesis

A potential backtest strategy for EPIC/USDT could involve a Bollinger Band squeeze breakout on the 15-minute chart, combined with RSI divergence. The logic would be to enter long when the RSI dips below 30 and prices begin to consolidate within a narrow Bollinger Band range, followed by a breakout above the upper band. A sell signal would be triggered when the RSI rises above 70 or when a bearish engulfing pattern forms near the upper band. Given the recent consolidation and morning rebound, this strategy could be tested for its effectiveness in capturing short-term countertrend bounces. Traders would need to manage risk by setting stop-loss orders just below the recent lows near $1.47 and take profit near $1.532 for a high-risk/high-reward trade.