Market Overview for Epic Chain/Tether (EPICUSDT): 2025-11-07 12:00 ET

Summary
• EPICUSDT opened at 0.681 and closed at 0.716 after hitting a high of 0.755 and low of 0.671.
• Strong bullish momentum emerged mid-day as price surged above 0.730 amid heavy volume.
• Volatility expanded significantly, pushing price out of the Bollinger Band lower bound.
• RSI climbed into overbought territory, suggesting potential for a pullback in the near term.
• High-volume divergence in the afternoon hours highlights key inflection points in sentiment.

The 24-hour trading session for EPICUSDT saw the pair open at 0.681, reach a high of 0.755, dip to a low of 0.671, and close at 0.716 by 12:00 ET. Total volume traded was 1,773,505.1, with notional turnover reaching $1,266,504.7, indicating strong engagement across volatile swings.

Structure & Formations

Price broke out of a descending channel in the morning, forming a bullish breakout pattern. A key support level was confirmed at 0.705, and a resistance was tested around 0.730–0.735 before a pullback. A morning doji and long lower wicks in the 17:30–19:30 ET window indicated rejection of lower levels. The 0.730–0.735 zone may now become a critical support-turned-resistance if buyers return.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA (golden cross) around 20:00 ET, confirming bullish momentum. On the daily chart, the 50DMA sits below the 200DMA, indicating a bearish bias in the broader context. The price currently resides above both the 50DMA and 200DMA, suggesting short-term bullish bias.

MACD & RSI

The MACD crossed into positive territory at 20:00 ET, with a narrowing histogram indicating a potential slowdown in momentum. RSI reached 73 in the afternoon, entering overbought territory, which could suggest a short-term pullback. However, RSI remains well above 50, indicating a continuation of bullish bias for the near term.

Bollinger Bands

Volatility expanded significantly during the breakout, with price pushing well above the upper band by 19:30 ET. This suggests a period of high optimism and aggressive buying. However, as the bands re-engage and contract, traders should monitor for signs of consolidation or reversal patterns forming within the channel.

Volume & Turnover

Volume spiked heavily between 19:00 and 20:30 ET, with a single candle at 19:45 ET showing 125,584.0 volume, the highest of the session. Turnover also increased proportionally during this period. A divergence occurred between price and volume after 20:45 ET, where price continued to rise but volume declined, signaling potential exhaustion in the rally.

Fibonacci Retracements

Key retracement levels from the morning low of 0.671 and high of 0.755 suggest that 0.730 (61.8%) and 0.715 (38.2%) are critical levels to watch. Price held above both the 38.2% and 61.8% retracement levels in the last 4 hours, reinforcing the bearish-to-bullish reversal pattern.

Backtest Hypothesis

To refine entry and exit strategies for EPICUSDT, a back-test using RSI (14-period, overbought at 70) and a dynamic resistance level based on the most recent 30-day high could offer valuable insights. Using daily close prices for signal generation and incorporating a stop-loss at 1.5% below entry would align with the observed volatility. Given EPICUSDT’s recent overbought RSI and breakout pattern, this approach may reveal how often a reversal strategy could have captured the pullback.