Market Overview for Epic Chain/Tether (EPICUSDT) as of 2025-10-13 12:00 ET

• Price surged to 1.191 during the day before retreating to 1.095 by 12:00 ET, forming a bearish reversal pattern.
• Momentum initially bullish but has weakened, with RSI approaching oversold territory.
• Volatility expanded sharply midday before contracting; volume surged on the pullback.
• Price currently testing a key support level around 1.090–1.100, with a breakdown likely on a close below 1.085.

The 24-hour period for Epic Chain/Tether (EPICUSDT) opened at 1.096 on October 12 at 12:00 ET, surged to a high of 1.191 before retreating to a low of 1.058, and closed at 1.095 at the end of the reporting window. Total trading volume reached 2.45M units, with a notional turnover of approximately $2.69M, reflecting heightened interest during the midday reversal. The price action shows a sharp bullish thrust followed by a bearish consolidation.

In the structure and formations analysis, a notable bearish reversal pattern emerged as the price peaked near 1.191 and subsequently declined. A critical support level appears to be forming between 1.090 and 1.100, marked by multiple retests and rejection. A breakdown below this level would likely signal further downside to 1.080–1.075. The 20-period and 50-period SMAs on the 15-minute chart have started to turn downward, suggesting a possible bearish tilt in near-term direction. On a daily basis, the 50-period SMA is currently above the 100- and 200-period SMAs, maintaining a neutral to mildly bearish bias for the broader trend.

Momentum, as measured by MACD and RSI, shows a clear shift in sentiment. The RSI has dipped below 30 on the 15-minute chart, signaling oversold conditions, while the MACD histogram has turned negative after an earlier bullish divergence. This suggests that the recent rally may be running out of steam, and a continuation of the bearish trend is more probable in the near term. The contraction in Bollinger Bands during the afternoon consolidation implies a potential breakout or breakdown scenario, with price currently sitting below the lower band at 1.090, indicating weak volatility.

Volume and turnover surged during the sharp decline from 1.191 to 1.058, peaking around 5.0M in a single 15-minute interval, suggesting strong bearish participation. However, volume has since declined, indicating that the move may be losing steam. The Fibonacci retracement levels for the 1.058–1.191 swing show the current price at approximately 61.8% retest at 1.090, a key psychological and technical inflection point. A confirmed break below this level could target the next support at 1.075–1.070.

Backtest Hypothesis
Given the recent RSI dynamics and bearish divergence, a backtest of an RSI-based strategy could offer valuable insights. A potential strategy could be: open long positions when RSI drops below 20 and close when it rises back above 80, or after a maximum 7-day holding period. Given the current bearish trend, a shorting strategy might be more appropriate, entering short positions when RSI rises above 80 and closing when it drops below 20. This would align with the observed bearish momentum and overbought conditions earlier in the 24-hour window. The strategy would also benefit from incorporating a 1.085 stop-loss level to manage risk should the price rebound unexpectedly.