Market Overview for Epic Chain/Tether (EPICUSDT) – 2025-11-09

• EPICUSDT formed a bullish reversal pattern near 0.726, with volume picking up after a 4-hour consolidation.• Momentum shifted upwards in the last 8 hours, with RSI rising from oversold to neutral territory.• Price broke above the 20-period MA on the 15-minute chart, signaling potential short-term strength.

Epic Chain/Tether (EPICUSDT) opened at $0.739 (12:00 ET – 1), touched a high of $0.815, a low of $0.681, and closed at $0.754 at 12:00 ET today. Total 24-hour trading volume reached 2.37 million, with a notional turnover of approximately $1.81 million. Price action shows a shift from bearish consolidation to early bullish momentum, raising the possibility of further gains in the near term.

Structure & Formations

EPICUSDT displayed a key bullish reversal formation near 0.726, as price found support during the early morning hours and began a steady ascent. A large bullish engulfing pattern formed in the 05:30–06:00 ET window, confirming the shift in sentiment. Additionally, a morning star-like formation appeared between 06:30–07:30 ET, suggesting a possible reversal from a bearish trend. Resistance levels now appear at 0.765, 0.785, and 0.815, while support resides at 0.726, 0.696, and 0.679. A doji formed around 03:45 ET, indicating indecision ahead of a breakout.

Moving Averages

The 15-minute chart shows price breaking above the 20-period MA and currently trading above the 50-period MA, suggesting near-term bullish momentum. On the daily chart, the 50-period MA is at 0.736, while the 200-period MA rests at 0.742, indicating a neutral to slightly bullish bias. Price may find directional cues from the 100-period MA at 0.748 if it continues to close above 0.745 for the next few sessions.

MACD & RSI

The MACD crossed above zero in the early morning hours, confirming a bullish divergence with a bearish RSI reading that had reached oversold territory (RSI bottomed at 28 before rebounding to 54 by midday). This suggests a potential continuation of the upward move. RSI remains in the 50–60 range, indicating balanced buying and selling pressure, but a close above 61.8% of the day’s range could signal stronger upside momentum.

Bollinger Bands

Price action expanded volatility in the early morning, with a 15-minute Bollinger Band width of 0.009 at 04:30 ET. By midday, price had pulled back toward the lower band, indicating a potential retest of support at 0.726. The upper band currently sits at 0.766, with price trading near the midline. A break above the upper band could trigger higher volatility and momentum.

Volume & Turnover

Volume spiked during the 06:30–07:30 ET window as price broke through 0.75, indicating strong institutional or algorithmic activity. Notional turnover was highest between 03:30–04:30 ET and again during 06:30–07:30 ET, aligning with key price breakouts. A divergence between volume and price was observed between 09:00–10:00 ET, where price continued higher despite declining volume, suggesting a possible exhaustion of momentum.

Fibonacci Retracements

Recent 15-minute swings suggest that 0.756 aligns with the 61.8% level of the 0.726–0.756 range, offering a potential resistance cluster. On the daily chart, the 0.726–0.815 swing shows 0.767 as the 38.2% level and 0.745 as the 61.8% level, where price may pause or reverse. A sustained move above 0.767 could indicate a continuation of the bullish trend.

Backtest Hypothesis

The backtesting strategy described seeks to leverage MACD Golden Cross signals to identify potential entry points in ETFs such as the Harbor Alpha Layering ETF. A confirmed Golden Cross (when the MACD line crosses above the signal line) could trigger a buy signal, with a 5-day holding period. For this strategy to be effective, accurate and consistent historical data is essential. To proceed with the back-test, a valid ticker symbol for the ETF must be provided. Based on standard U.S. ETF conventions, "HOLD" is the most likely correct symbol. If "HOLD" is confirmed, the strategy can be applied to historical data to evaluate its performance from 2022 to the present.