Market Overview: Epic Chain/Tether (EPICUSDT) 24-Hour Action

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Thursday, Jan 8, 2026 8:09 pm ET1min read
EPIC
--
Aime RobotAime Summary

- EPICUSDT price fell from 0.824 to 0.713, breaking key support levels with strong early-volume confirmation.

- RSI/oversold conditions and MACD divergence suggest potential bounce but no reversal confirmation.

- Bollinger Bands expansion and 61.8% Fibonacci level at 0.747 highlight volatility and retest risks.

- 0.72-0.73 range likely to be tested next, with below-0.700 risk if bearish momentum persists.

Summary
• Price dropped from 0.824 to 0.713, signaling bearish momentum and a breakdown below key support levels.
• Volume spiked in the early hours, confirming the strength of the downward move but with divergence later in the day.
• RSI and MACD show oversold conditions, suggesting potential short-term bounce but no reversal confirmation.
• Bollinger Bands widened during the initial sell-off, indicating heightened volatility and a consolidation phase.

Epic Chain/Tether (EPICUSDT) opened at 0.808 on 2026-01-07 12:00 ET, reached a high of 0.826, dropped to a low of 0.685, and closed at 0.713 on 2026-01-08 12:00 ET. Total volume was 5,605,538.1 and turnover amounted to $438,107.15.

Structure & Moving Averages


The price formed a strong bearish trendline during the early hours, breaking below key 5-min support levels and confirming a short-term downtrend. On the 5-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing the downward bias. The 50-period daily moving average remains above current levels, suggesting potential for further consolidation or retesting of that line.

Momentum and Volatility


The RSI reached oversold levels near 25 during the early hours, hinting at a potential bounce, but failed to show a reversal candlestick confirmation. MACD showed a large bearish divergence, with price falling while the histogram continued to contract, indicating a slowdown in selling pressure. Bollinger Bands expanded significantly during the initial drop and then began to contract, suggesting a possible consolidation period.

Volume and Divergence


Volume surged early in the session, especially between 09:30 and 09:45 ET, coinciding with the sharp drop from 0.805 to 0.783 and then further to 0.685. This large-volume breakdown confirmed the bearish move. However, volume and turnover declined significantly after 12:00 ET, indicating a loss of conviction. A divergence between volume and price during the last 6 hours suggests that sellers may be exhausting.

Fibonacci Retracements and Key Levels


The 61.8% Fibonacci retracement level of the early morning swing from 0.824 to 0.685 is around 0.747, which held briefly but failed as resistance. The next key Fibonacci level at 0.731 may now act as support. On the daily chart, the 38.2% retracement of the broader downtrend is at 0.761, suggesting a possible short-term target for a bounce.

The price could retest the 0.72–0.73 range in the next 24 hours, with a risk of a break below 0.700 if bearish momentum continues. Investors should closely monitor volume and candlestick formations for signs of reversal or continuation.