Epic Chain (EPICUSD) Price Is Approaching the $2.300 Upper Resistance Level

Epic Chain (EPICUSD) Price Forecast: August 8

The EPICUSD pair is gaining traction at the moment. The coin price is approaching the upper resistance levels and may reach the $2.300 point. Hence, a candlestick above the mentioned supply level would disprove any bearish notion and increase the cryptocurrency gains. The trend will therefore move upward to the high value of $2.350 if buyers can exert more effort on their market tension, giving buy traders intraday rewards.

Key Levels:
Resistance Levels: $2.293, $2.294, $2.295
Support  Levels: $1.728, $1.727, $1.726

EPIC (USD) Long-term Trend: Bullish (4H Chart)

On higher time frames, the Epic Chain price is trending, approaching the upper channel and also remains bullish. This is obvious because prices are trading above the EMA-50, due to the significant impact of buying investors on the coin.
The coin market has appeared attractive to buyers at its recent high due to the bulls’ persistent order flow to the $2.110 supply in the last session.

However, the 4-hourly chart for today demonstrates a more extensive rebound in EPIUSD prices as the bulls took a position to keep the heading upward. At the time of writing, the coin price had surged to a supply level of $2.295 above the moving average.

Therefore, maintaining above the EMA-50 suggests a strong probability of a bullish correction.

The positive pressure would be increased by a significant break above the previous highest resistance level of $2.876.

Similarly, the market price of Epic Chain indicates an uptrend on the daily stochastic, suggesting that the bulls may continue the upward journey.

Hence, the expected upside in the coin price could be high at $2.300 value in its long-term outlook.

EPIC (USD) Short-term Trend: Bullish (1H Chart)

As of now, the EPICUSD price is rising and has a favorable medium-term outlook.

Furthermore, the coin is approaching the upper high level above the EMA line, indicating an uptrend.

The coin’s current high was caused by persistent bullish pressure that reached a peak level of $2.110 in the preceding action.

The bulls have risen to the resistance level of $2.295 over the moving averages as the 1-hour chart resumes today, reflecting promising growth.

The buy traders, however, were unable to give up because their goal is to keep the price rising and push it to a high level.

Additionally, the bulls are preparing to push Epic Chain’s price to a high level on the upside; nevertheless, as indicated by the positive corrective at the resistance level mentioned. From a medium-term view, the $2.300 supply trend line may also be the target in the future.

Buy Epic Chain on eightcap.com