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

• Price declined from 2.004 to 1.940, reflecting bearish momentum and oversold RSI conditions.
• Key support levels tested around 1.940 and 1.934, with no immediate rejection seen.
• Volume spiked during the 18:00–21:30 ET period, aligning with the price breakdown.
• Bollinger Band contraction observed early, followed by expansion as volatility increased.
• A 1.934–1.947 consolidation suggests possible short-term reversal if buyers enter above 1.947.

Epic Chain/Tether USDt (EPICUSDT) opened at 1.995 on 2025-09-09 at 16:00 ET and reached a high of 2.004 before closing at 1.940 at 12:00 ET on 2025-09-10. The 24-hour period saw a low of 1.934 and a total volume of 410,046.3 units with a notional turnover of approximately $788,141 (calculated using closing prices for simplicity).

Structure & Formations

The price action over the 24-hour period shows a clear breakdown from initial resistance levels. A bearish engulfing pattern formed at 2.004 on the 16:00 candle, followed by a series of lower closes and lows. Notable support levels emerged at 1.974 and 1.947, with the 1.934 level acting as a hard floor for much of the latter half of the day. A doji formed at 1.940 on the 00:00 candle, suggesting potential indecision and a possible reversal if buyers step in above this level.

Moving Averages

On the 15-minute chart, the price broke below the 20- and 50-period moving averages, confirming a bearish trend. On the daily chart, the 50-period MA remains above the 200-period MA, suggesting a longer-term bullish bias, but the 15-minute momentum is clearly bearish. The price is currently sitting below all key MAs, indicating further downside risk unless it reclaims 1.951–1.953 on a close basis.

MACD & RSI

The MACD line crossed below the signal line, forming a bearish crossover, and remains in negative territory, suggesting sustained bearish momentum. The RSI indicator has dipped into oversold territory, reaching as low as 28. This may signal a short-term rebound, though a move above 1.947 would be necessary to confirm this. Traders should be cautious, as the combination of bearish momentum and oversold conditions does not necessarily signal a bottom.

Bollinger Bands

The Bollinger Bands initially showed a contraction early in the 24-hour window, but this was followed by a clear expansion as volatility increased. The price spent most of the day within the lower half of the bands, confirming a bearish trend. A breakout above the upper band could only be expected if the price closes above 1.953, while a breakdown below 1.934 would suggest further bearish continuation.

Volume & Turnover

Volume spiked significantly from 18:00 to 21:30 ET, with the largest single 15-minute volume at 30,533.7 units. This coincided with the breakdown from 1.976 to 1.963, supporting the validity of the move. Turnover also increased during this period, confirming the volume action. A divergence in price and volume during the final hours (after 22:00) suggests that selling pressure may be exhausting, but confirmation above 1.947 would be needed to reverse the trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute chart, key levels are identified at 1.974 (38.2%), 1.963 (50%), and 1.953 (61.8%). The price tested 1.963 and 1.953 multiple times without finding support, reinforcing the bearish bias. Daily-level retracements show 1.947 and 1.934 as significant levels, both of which were tested in the final 4–6 hours of the period.

Backtest Hypothesis

A backtest strategy could be designed around key Fibonacci levels and MACD crossovers. For example, a short entry could be triggered when the price breaks below a 50-period MA on the 15-minute chart and the MACD line crosses below the signal line. A stop-loss could be placed at the most recent swing high (1.953), with a take-profit at the next Fibonacci level (1.934 or lower). This would capture the bearish momentum seen in the recent price action. The strategy would require validation over multiple cycles but appears aligned with the observed technical signals.