Market Overview for Epic Chain/Tether (EPICUSDT)

• Price declined from 0.856 to 0.827 amid rising bearish momentum.
• RSI and MACD confirmed weakening bullish momentum with overbought exhaustion.
• Volume spiked during key breakdowns but showed divergence with price lows.
• Bollinger Band contraction signaled heightened volatility ahead.
• Fibonacci retracements suggest 0.813–0.834 as key support and 0.838–0.843 as potential resistance.

Epic Chain/Tether (EPICUSDT) opened at 0.844 on 2025-11-01 12:00 ET and closed at 0.827 on 2025-11-02 12:00 ET, with a high of 0.861 and a low of 0.794. The 24-hour volume was 647,448.9 and the total turnover was approximately $535,355. The asset has shown a clear bearish trend, supported by declining momentum and key technical breakdowns.

Structure & Formations

EPICUSDT has formed a bearish structure over the past 24 hours, with key resistance levels at 0.838–0.843 and strong support at 0.813–0.834. Notable bearish patterns included a large bearish engulfing candle on 2025-11-01 22:00 ET and a doji on 2025-11-02 03:30 ET, signaling indecision and exhaustion. The price has also tested and failed to break above the 0.852–0.856 range, which now acts as a potential overhead hurdle for any future rebound.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages (20SMA and 50SMA) both trended downward, with the price consistently below both. The 50SMA has crossed below the 20SMA on multiple occasions, confirming a bearish bias. On the daily chart, the 50DMA has fallen below the 100DMA and 200DMA, reinforcing the medium-term bearish trend.

MACD & RSI

The MACD for EPICUSDT has shown bearish divergence with price, particularly after the 0.856 peak. The RSI has been in the oversold zone for most of the 24-hour period, indicating a potential bounce in the near term, but its inability to break above 40 suggests continued bearish pressure. Both indicators confirm the weakening bullish momentum and a shift toward bearish control.

Bollinger Bands

Volatility in EPICUSDT has expanded significantly over the past 24 hours, with the Bollinger Bands widening as the price moved from the upper band to the lower band. The recent move to the lower band coincided with key support levels and increased volume, suggesting a potential short-term bounce. However, the continued expansion of the bands indicates ongoing uncertainty and potential for further downside.

Volume & Turnover

Volume and turnover in EPICUSDT have spiked during key breakdowns, particularly around the 0.847–0.835 level. However, volume has started to show divergence with price, as the recent price low at 0.794 did not coincide with a new volume high, suggesting weakening bearish conviction. The total turnover of $535k implies strong participation but also highlights the bearish sentiment dominating the market.

Fibonacci Retracements

Fibonacci retracement levels applied to the recent 15-minute swing from 0.856 to 0.794 suggest key support at 0.813 (38.2%) and 0.794 (100%). On the daily chart, key resistance lies at 0.838–0.843 (61.8% and 78.6% levels), which could cap any near-term rallies. These levels could serve as potential decision points for both short-term traders and position holders.

Backtest Hypothesis

A backtest using Bullish Engulfing and Doji signals could provide valuable insights into the predictive power of these candlestick patterns in the context of EPICUSDT’s recent behavior. Given the volatility and clear bearish structure observed, the backtest could be particularly useful in assessing how well these patterns perform under both bullish and bearish momentum conditions. A daily time frame and signal-to-signal exit strategy would align well with the observed structure and could help isolate the raw performance of the patterns without the noise of intraday volatility.