Market Overview for Epic Chain/Tether (EPICUSDT) – 24-Hour Summary

• EPICUSDT opened at 0.883, surged to 0.958 before retreating to 0.932 at 12:00 ET.
• A bullish reversal pattern formed near 0.910–0.922 during late-night trading.
• Volume spiked to 70,431.3 at 0.958 high, contrasting with fading momentum.
• RSI and MACD show divergence, hinting at short-term overbought conditions.
• Price remains within 0.883–0.958 range, with key Fib levels at 0.928 (38.2%) and 0.916 (61.8%).

Epic Chain/Tether’s (EPICUSDT) pair opened at 0.883 on 2025-10-17, reaching a high of 0.958 before closing at 0.932 at 12:00 ET. Total volume for the 24-hour period was 651,846.4 with a notional turnover of 608,172.6 USDT, showing a moderate increase in activity as price approached recent highs.

Price action over the 24-hour period revealed a series of bullish and bearish consolidations, with a notable pullback occurring after the 0.958 peak. A bullish reversal pattern emerged around 0.910–0.922 as volume began to increase again, suggesting possible support in that range. A 50-period EMA on the 15-minute chart crossed above the 20-period line in the morning, indicating a temporary bullish bias, though both lines are below the current price, hinting at short-term bearish momentum.

The MACD showed a bearish crossover during the late-night hours, with the histogram diverging from price as the pair surged to 0.958, signaling potential exhaustion in the bullish move. RSI reached 68–70 in the early morning, crossing into overbought territory, and failed to close above 65 after the high. Bollinger Bands showed a moderate expansion in the morning, with price sitting near the upper band at the peak, confirming a short-term overextension. Price later retracted to within the bands, showing signs of consolidation.

Volume and turnover were tightly correlated, with the largest spike of 70,431.3 at the 0.958 high, which was also the most extended price bar. Turnover reached a peak of 68,653.3 during that same period. However, after the high, both metrics declined, indicating weakening conviction. A divergence is evident between the bullish price action and bearish momentum indicators, suggesting a potential reversal or consolidation phase.

Fibonacci retracements drawn from the key swing high at 0.958 to the low at 0.883 show strong resistance at 0.928 (38.2%) and 0.916 (61.8%). The current close near 0.932 suggests a potential test of the 38.2% Fib level in the next 24 hours if buying pressure resumes. The 0.910–0.922 area also appears as a psychological support zone that may hold during consolidation.

Backtest Hypothesis
Given the complex candlestick patterns and divergences observed in the technical setup, a backtest focused on the Bullish-Engulfing pattern is highly relevant. This pattern often signals a reversal from bearish to bullish momentum, especially when it appears near key support levels such as the 38.2% Fib or after overbought RSI divergence. For an accurate 1-day holding-period backtest, it is recommended to analyze a broad stock universe such as S&P 500 constituents, as the Bullish-Engulfing pattern is more reliable in liquid and volatile equities. Using HOLD .P as the benchmark offers a performance comparison that aligns with thematic crypto-related exposure. Valid tickers should be screened for the pattern between 2022-01-01 and 2025-10-18, with a 1-day holding period. This approach can help confirm whether the pattern is predictive in the current market environment, particularly after overbought divergence and volume confirmation.