$EPIC /USDT TECHNICAL ANALYSIS: SHORT-TERM RECOVERY, BUT BEARS STILL CONTROL HIGHER TIMEFRAMES
$EPIC /USDT is trading at $1.04, up 3.45% on the day, showing signs of a short-term rebound after touching a 24h low of $0.979. It recently hit a local high of $1.069, indicating buying interest near key support.
Support Zone:
The $0.970–$0.980 range has acted as a short-term support, where buyers stepped in to defend further downside. A sustained hold above this area is essential to keep bullish hopes alive.
Resistance Levels:
Immediate resistance is seen at $1.065–$1.070, where price has been rejected multiple times. A breakout above $1.070 could trigger a move toward $1.10, but only if volume supports it.
Volume Analysis:
With 24h volumes of 1.72M EPIC and 1.77M USDT, the liquidity is moderate. Today's recovery is showing some momentum, but overall conviction still appears limited unless volume spikes.
Trend Overview:
7-Day: -7.58%
30-Day: -29.38%
90-Day: -36.37%
These numbers highlight that the macro trend remains bearish, and this bounce may just be a relief rally within a larger downtrend.
Outlook:
Short-term: Mild bullish sentiment if $1.03–$1.04 support holds
Mid-term: Needs a breakout above $1.10 for trend reversal
Long-term: Still under pressure, with lower highs forming consistently
Strategy: Intraday traders may look for momentum plays above $1.05 with tight stops. Swing traders should remain cautious unless price confirms strength above key resistance.