Summary
• Price action formed a bullish engulfing pattern at 0.704–0.716.
• RSI indicates moderate momentum with no overbought or oversold signals.
• Bollinger Band contraction observed between 0.74–0.75, suggesting a possible breakout.
• Volume surged during the 14:15–14:45 ET window, coinciding with a 0.76–0.77 rally.
• Fibonacci retracement levels at 0.741 and 0.756 appear to have acted as dynamic support/resistance.
Price and Volume Summary
At 12:00 ET on December 23, 2025,
Epic Chain/Tether (EPICUSDT) opened at 0.698, reached a high of 0.770, touched a low of 0.696, and closed at 0.751. Total 24-hour volume amounted to 16,162,621.7 units, with notional turnover of approximately $12,089,072.20.
Structure and Candlestick Patterns
The price formed a bullish engulfing pattern between 17:30–17:45 ET (0.704–0.716) as buyers reclaimed control after an initial pullback. A strong bearish rejection was observed at 0.770–0.766 (14:45–15:00 ET), suggesting a key resistance level.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned, indicating a consolidating trend.
The RSI remained within the 50–65 range for most of the 24-hour period, signaling moderate bullish momentum with no extreme overbought or oversold conditions.
Bollinger Bands and Volatility
Bollinger Bands showed a narrowing between 0.74 and 0.75 during the 09:00–10:15 ET window, suggesting a potential breakout period. The price subsequently tested the upper band at 0.770 and bounced, reinforcing its role as a resistance.
Volume and Turnover Insights
Trading volume spiked sharply during the 14:15–14:45 ET window (141,421.5 to 116,429.4 units), aligning with a 0.76–0.77 rally. Notional turnover also increased in this window, confirming the bullish price action. A divergence occurred during the 05:00–06:15 ET sell-off, where price dropped but volume remained muted, raising questions about conviction.
Fibonacci Retracements
Key Fibonacci levels at 0.741 (38.2%) and 0.756 (61.8%) acted as dynamic support/resistance levels. The price found temporary support at 0.741 during the 06:30–07:00 ET window and later tested 0.756 during the 14:15–14:45 ET rally.
The price action and technical indicators suggest that Epic Chain/Tether is in a phase of consolidation after a strong rally above 0.770. A retest of the 0.770–0.775 range could determine the next directional move. Traders may want to monitor the 0.756 level closely for signs of a potential pullback. As always, unexpected macro events or order flow shifts could disrupt the current pattern.
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