$EPIC Technical Analysis of the Highest Losing Currency in the Last 24 Hours๐๐๐๐๐๐๐
Technical analysis of the EPIC/USDT currency according to the attached chart:
1. The current price is 2.664, down approximately 9.7% over the last 24 hours, and is close to the lowest recorded level of 2.615.
2. The moving averages show downward pressure:
- EMA7 at 2.697 is less than EMA25 at 2.823 and less than EMA99 at 2.814, reflecting a short-term downward trend.
- The price is currently trading below all moving averages, which is a negative sign.
3. The volume is relatively low compared to previous peaks, indicating weak buying momentum.
4. The OBV indicator indicates a gradual outflow of liquidity from the stock with the downward trend.
5. The Williams %R indicator is at approximately -86, meaning the currency is in an oversold area, which may give a temporary short-term rebound.
6. Nearby resistance at 2.80 โ 2.82 (EMA25 and EMA99 area).
7. Important support at 2.60 then 2.55, breaking it may open the way for levels 2.31 โ 2.14.