Market Overview for Epic Chain/Tether (EPICUSDT)

Summary
• Price declined from 0.714 to 0.693 amid bearish momentum and oversold RSI conditions.
• Volatility expanded during the 04:00–07:00 ET window, with turnover peaking at ~$75,000.
• Bollinger Bands widened, reflecting heightened uncertainty, with price near the lower band.

Market Overview

Epic Chain/Tether (EPICUSDT) opened at 0.714 on 2025-11-03 at 12:00 ET and closed at 0.693 on 2025-11-04 at 12:00 ET. The 24-hour range was 0.729 (high) to 0.675 (low), with total volume at 1,203,400 units and notional turnover of approximately $794,000. A bearish bias emerged as price tested key support levels and failed to hold above 0.700.

Price action displayed several bearish candlestick patterns including a hanging man and a bearish engulfing, particularly during the 05:15–05:30 ET timeframe when price dropped from 0.714 to 0.697. The 15-minute 20SMA and 50SMA crossed bearishly, while the daily 50/100/200SMA remained in a declining order, reinforcing a long-term bearish structure. The 15-minute MACD crossed below zero earlier in the session and remained in negative territory, while the RSI hit oversold levels near 27–30 before a temporary rebound.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly between 04:00–07:00 ET, reflecting heightened volatility as price drifted lower. EPICUSDT spent much of the session near the lower band, indicating bearish exhaustion. The contraction in the 15-minute bands after 09:00 ET suggests a potential retest of the 0.693–0.695 support zone.

Key Support and Resistance Levels

Immediate support is now at 0.693–0.695, with a key psychological level at 0.700. Resistance lies at 0.712–0.714. A retest of 0.700 may trigger a short-term bounce if volume increases. Fibonacci retracement levels from the 0.675–0.729 swing suggest critical support at 0.700 (38.2%) and 0.692 (61.8%).

Momentum and Momentum Divergence

RSI showed oversold conditions below 30 for extended periods, suggesting potential for a short-term rebound. However, price failed to follow through on multiple attempts to close above 0.700, creating a bearish divergence. MACD remained in negative territory, with histogram bars shrinking slightly, indicating weakening bearish momentum.

Backtest Hypothesis

Given the RSI’s repeated oversold readings and the bearish divergence, a backtest based on an RSI < 30 entry trigger could be informative. A close above the 50 level or a fixed holding period of 5 days may serve as exit signals. Using the closing price for entry and exit, such a strategy would aim to capture potential rebounds from 0.693–0.695. Incorporating a 2% stop-loss would add a necessary risk control layer, especially in a volatile environment where volatility expansions are frequent.