$EPIC is in a clear long-term downtrend. Price has collapsed from the 3.22 high and continues to make lower highs and lower lows, which confirms bearish market structure. The recent move is not a reversal; it is a continuation of weakness.
Moving Averages Analysis
MA(7): ~0.72
MA(25): ~0.71
MA(99): ~0.76
Price is well below all key moving averages, and all MAs are sloping downward. This signals:
Strong seller control
No trend reversal confirmation
Any upside move is currently a dead-cat bounce unless price reclaims MAs
Support & Demand Zones
Immediate support: 0.58 – 0.55
(current demand zone, already under pressure)
Major support: 0.45 – 0.42
(previous base; loss of this could trigger panic selling)
Extreme downside risk: 0.32 – 0.35
(historical low region)
If 0.55 breaks decisively, continuation toward 0.45 is highly likely.
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