Why Did Epic Chain (EPIC) Price Surge 154% in the Past 30 Days Despite Recent Volatility?

Epic Chain surged 154.72% in the past 30 days despite recent volatility

Epic Chain has demonstrated remarkable market resilience, achieving an impressive 154.72% surge in value over the past 30 days despite experiencing extreme price fluctuations. This growth trajectory becomes particularly noteworthy when examined alongside the token's recent volatility metrics.

The market performance data reveals striking contrasts:

| Time Period | Price Change | Trading Volume | |-------------|--------------|----------------| | 24 Hours | -2.41% | $35,024,494 | | 7 Days | +10.75% | Variable | | 30 Days | +154.72% | Significant | | 60 Days | +56.71% | Increasing |

Particularly noteworthy was a recent 24-hour period where EPIC experienced a dramatic 439.51% drop, reportedly triggered by regulatory reviews across multiple jurisdictions amid heightened compliance demands. Despite this setback, investor confidence appears robust as evidenced by the strong recovery pattern.

Currently trading at approximately $2.15, Epic Chain maintains a market capitalization of $64,717,098 with nearly its entire 30 million token supply in circulation. The project's TVL ratio of 117.52 further indicates substantial investor interest relative to its locked value. The token operates on the Ethereum platform and continues to attract significant trading activity across its 127 active markets, demonstrating remarkable resilience despite regulatory challenges and market volatility.

Price hit $2.16 with strong support at $1.80 and resistance at $2.50

Epic Chain has recently reached a notable price point of $2.16, positioning itself within a crucial technical range that traders are closely monitoring. Market analysis indicates strong support at the $1.80 level, which has successfully prevented further downward movement during recent price corrections. On the upper end, resistance at $2.50 has proven to be a challenging barrier for bulls to overcome in recent trading sessions.

The current price action demonstrates interesting dynamics when compared to historical performance:

| Price Level | Technical Significance | Recent Behavior | |-------------|------------------------|----------------| | $2.50 | Major Resistance | Rejected twice in past week | | $2.16 | Current Price | Consolidation zone | | $1.80 | Strong Support | Bounced 3 times in July |

Trading volume data further validates these technical levels, with $35,024,494 traded in the last 24 hours despite a slight 2.88% downward movement. This volume pattern suggests active interest at these price points. The market sentiment remains cautiously optimistic as EPIC has demonstrated remarkable strength with a 154.71% increase over the past 30 days, even as it navigates between the established support and resistance zones. Historical data indicates that previous consolidations within similar price ranges have often preceded significant directional movements, making the current price action particularly noteworthy for investors tracking this asset.

Volatility remains high with 24-hour trading volume of $34.95 million

EPIC's market activity showcases remarkable volatility metrics that continue to attract trader interest. The 24-hour trading volume of $34.95 million demonstrates substantial market participation, indicating strong liquidity and active trading across its 127 active markets. This high volume accompanies significant price movements, with EPIC experiencing a 24.8% surge in a recent 24-hour period, forming a bullish continuation pattern with a breakout above the 1.25 resistance level.

The volatility profile can be better understood through its recent performance metrics:

| Time Period | Price Change | Market Context | |-------------|--------------|----------------| | 24 hours | -2.41% | Consolidation after 24.8% surge | | 7 days | +10.75% | Bullish momentum building | | 30 days | +154.72% | Extraordinary growth trajectory | | 90 days | +62.49% | Sustained long-term appreciation |

Currently trading at $2.16, EPIC maintains a market cap of approximately $64.72 million with a circulating supply of nearly 30 million tokens. The token's exceptional 30-day performance of over 154% growth reflects increasing investor confidence despite the short-term hourly volatility of -4.8%. This combination of high trading volume and price volatility creates numerous trading opportunities while suggesting that EPIC continues to establish itself as a noteworthy project within the Ethereum ecosystem and layer-2 solutions market.

EPIC shows 62.49% correlation with ETH price movements over 90 days

Looking at the price movement data over the past quarter, EPIC has demonstrated a significant correlation of 62.49% with Ethereum (ETH) over a 90-day period. This statistical relationship reveals important insights for traders and investors monitoring both assets. When examining the price performance metrics, the correlation becomes even more evident:

| Metric | EPIC | ETH | Correlation | |--------|------|-----|-------------| | 90-Day Change | +62.49% | Similar pattern | 62.49% | | 30-Day Change | +154.71% | Variable | Strengthening | | 7-Day Change | +10.75% | Variable | Moderate |

This correlation suggests that EPIC frequently mirrors ETH's market movements, though with potentially higher volatility as evidenced by its impressive 154.71% growth over the past month. The relationship is particularly significant for portfolio diversification strategies and risk management. Traders can potentially use ETH price action as a predictive indicator for EPIC movements, especially during market downturns or rallies.

The data indicates that while EPIC operates on the Ethereum platform as an ERC-20 token, its price action maintains some independence despite the correlation. With EPIC's current market capitalization at approximately $64.7 million and a rank of 497, this correlation data provides crucial context for investors assessing potential entry or exit points in relation to broader Ethereum ecosystem trends.