EPIC surges by 64.81% within 24 hours as the market undergoes significant fluctuations

On September 6, 2025, EPIC experienced a remarkable 64.81% increase in just 24 hours, reaching $2.024. This dramatic upswing stands out amidst the asset's high volatility. However, despite this daily surge, the coin has suffered significant declines: a 613.67% drop over the last week, a 1006.68% decrease in the past month, and a 751.26% fall since the beginning of the year. These numbers underscore the token's pronounced price fluctuations and the prevailing uncertainty in its market.

The latest price spike could indicate a brief recovery, although the overall outlook continues to suggest a downward trend. Experts point out that the recent rally may be the result of speculative trades and automated buying activity, rather than any substantial catalyst. The coin’s price seems to be largely influenced by changes in market liquidity and sentiment, rather than by news or updates related to the project itself.

Technical analysis reveals that EPIC is currently hovering near crucial support and resistance points. The Relative Strength Index (RSI) has rebounded sharply from oversold levels, signaling renewed short-term buying pressure. At the same time, the 50-day moving average has slipped below the 200-day moving average, which is considered a bearish indicator. Market watchers are monitoring whether this recent rally will hold or if the price will fall back toward prior support zones.

The intersection of short-term bullish momentum and persistent long-term bearish signals creates a complicated outlook for traders. While the recent 24-hour gain has revived some interest, caution is still recommended. Analysts suggest that unless there is a significant change in the token's fundamentals or a shift in overall market sentiment, the long-term downtrend is expected to continue.

Backtesting Approach

A suggested strategy for backtesting seeks to assess the effectiveness of trading based on the latest price discrepancies and technical indicators. This approach simulates buying when the RSI rises above 30 and the 50-day moving average crosses over the 200-day moving average, while selling is triggered if the RSI surpasses 70 or the 50-day moving average dips below the 200-day average. The objective is to determine if this method could have taken advantage of the recent 24-hour surge while reducing exposure to the overall negative trend.