Market Overview for Epic Chain/Tether USDt (EPICUSDT)

• EPICUSDT surged 2.8% in 24 hours, closing near a new high above 2.03
• Strong bullish momentum seen in MACD and RSI with no overbought signal yet
• Volatility expanded with Bollinger Band width, indicating increased participation
• Volume surged in late hours, with turnover confirming the upward trend
• Key resistance now at 2.05 with support at 2.01, Fibonacci 61.8% at 2.036

Epic Chain/Tether USDt (EPICUSDT) opened at 1.981 on 2025-09-05 at 12:00 ET and closed at 2.018 at 12:00 ET on 2025-09-06. The pair reached a high of 2.067 and a low of 1.956 over the 24-hour period. Total volume traded was 366,165.4 and notional turnover amounted to $742,048.7.

Structure & Formations

EPICUSDT formed a bullish flag pattern from 1.956 to 2.067, with price breaking above the descending trendline in the final hours. Key support levels are seen at 2.01 (50% Fibonacci), 1.985 (38.2%), and 1.956 (major low). Resistance levels are at 2.036 (61.8%), 2.052 (daily high), and 2.067 (intraday high). A long-legged doji at 2.026 (070000) suggests indecision, while a bullish engulfing pattern at 2.03–2.043 (080000) confirmed a resumption of the upward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs crossed above the price in late hours, reinforcing the bullish bias. On the daily chart, the 50-period EMA at 2.005 and 100-period at 1.992 suggest the 50EMA could act as dynamic support. The 200-period EMA remains below current price, indicating a potential long-term bullish bias.

MACD & RSI

MACD showed a bullish crossover early in the session, with a strong positive histogram from 031500 to 090000. RSI reached 60 at the peak and remained above 50 throughout most of the day, indicating sustained buying pressure. No overbought signal appeared yet, suggesting there may be room for further upward movement.

Bollinger Bands

Bollinger Band width expanded significantly during the breakout, with price closing just below the upper band at 2.067. The midline at 2.039 and lower band at 1.997 suggest a potential consolidation phase if price retreats. A contraction may follow after the expansion, which could signal a potential pullback or a pause in momentum.

Volume & Turnover

Volume spiked sharply after 031500 as price surged past 2.04–2.06, with turnover reaching $742k by the close. The highest 15-minute volume of 32,725.8 occurred at 031500, coinciding with a breakout to 2.061. The volume-verified breakout supports the bullish narrative, with no divergence between price and turnover observed.

Fibonacci Retracements

Key Fibonacci levels from the 1.956–2.067 swing include 38.2% at 1.985, 50% at 2.01, and 61.8% at 2.036. On the daily chart, the 61.8% retracement from a prior bearish swing at 1.956 aligns with the recent high at 2.067. Price has now closed near 2.018, which is close to the 50% level, suggesting a possible consolidation phase before the next leg up.

Backtest Hypothesis

Using the identified patterns and technical indicators, a backtesting strategy could focus on entries at the 50-period EMA with a stop-loss placed below the 38.2% Fibonacci level. A bullish breakout above 2.036 could trigger a second entry, with take-profit targets at 2.052 and 2.067. A MACD histogram divergence or RSI crossing below 50 could signal a potential pullback, offering a short-term countertrend trade. This setup, combined with rising volume during breakouts, could form a high-probability strategy for scalping and swing trading over the next 72 hours.