Market Overview for Epic Chain/Tether (EPICUSDT) – 24-Hour Analysis (2025-09-18)

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• EPICUSDT surged 12.5% in 24 hours, hitting 2.403 before correcting to 2.38.
• Key resistance formed near 2.39, with support likely at 2.28–2.30.
• Volatility and turnover spiked in early morning ET, aligning with price highs.
• MACD turned bearish, while RSI remains overbought, signaling potential pullback.
• Bollinger Bands showed a sharp expansion, reflecting heightened market uncertainty.

Epic Chain/Tether (EPICUSDT) opened at 2.016 on 2025-09-17 at 16:00 ET and closed at 2.38 at 12:00 ET on 2025-09-18, reaching a high of 2.403 and a low of 1.984 during the 24-hour period. Total volume was 1,979,004.9 and turnover amounted to 4,757,521.7, reflecting significant accumulation and dispersion activity.

Structure & Formations

EPICUSDT displayed a bullish breakout from a descending wedge pattern as it pushed past 2.35 and 2.40 levels, forming strong bullish momentum. A large bullish engulfing pattern occurred near the 2.32–2.34 level on the 15-minute chart, suggesting buyers reclaimed control. However, a doji formed at 2.403, indicating indecision and potential consolidation ahead. Key support levels appear to be forming at 2.28–2.30 and 2.18–2.20, with resistance clusters at 2.39 and 2.42.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish, with the price above both lines and a narrowing gap indicating a potential pullback. On the daily chart, the 50-period MA is above the 100 and 200-period lines, suggesting a medium-term bullish bias. Price has been trading above the 50-day MA for the past five days, reinforcing the trend.

MACD & RSI

The MACD crossed into bearish territory after a strong bullish run, indicating a possible slowdown in momentum. RSI reached overbought levels around 78 during the highs, suggesting a probable correction. The stochastic RSI also showed a bearish divergence, hinting at a potential price reversal. These indicators may converge with key support levels to form a medium-term consolidation.

Bollinger Bands

Volatility expanded significantly during the 24-hour period, with Bollinger Bands widening from a contraction observed earlier in the day. Price briefly touched the upper band at 2.403 before retreating toward the middle band. The width of the bands suggests traders should remain cautious of mean reversion scenarios, particularly if price fails to sustain above 2.35.

Volume & Turnover

Volume spiked at the peak near 2.403, with over 96,779.8 units traded in that 15-minute interval. Notional turnover also surged during the same period, aligning with the price high and confirming strength. However, volume has since tapered off near 2.38, signaling a possible exhaustion of bullish momentum. Divergences between volume and price may indicate a weakening trend or a buildup for a reversal.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing, the 61.8% retracement level is at 2.30, which appears to have held as support. Daily retracements suggest a 76.4% level at 2.42 as a potential key resistance if bulls regain control. A 38.2% retracement level is near 2.36, which may serve as a short-term pivot point.

Backtest Hypothesis

A viable backtest strategy for EPICUSDT would involve entering long positions on a bullish engulfing pattern confirming a break above key Fibonacci levels (e.g., 2.35–2.38) and exiting when RSI crosses back into neutral territory or when price closes below the 20-period MA. A stop-loss could be placed just below the last major support (e.g., 2.28–2.30). This approach leverages both price action and momentum indicators to filter high-probability entries in a trending environment.