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$EPIC this coin's recent trend is indeed worth paying attention to. The price has risen significantly over the past two weeks, nearly doubling, but after staying at high levels for three days, there was a clear correction yesterday, with a single-day drop of 18%. Although there was a brief rebound today, it quickly turned downward again, and this repeated breaking of support levels is quite typical.
From a funding perspective, the current funding rate remains in negative territory. This signal is quite interesting — during this stage where the price has already been rising continuously and is consolidating at high levels, the funding rate still stays negative, indicating that the market hasn't seen obvious bottom-fishing long positions forming, and the participation of large funds seems not very active. This subdued bullish enthusiasm, combined with weak technical signals, gives us some reference.
Considering the price pattern and the funding rate performance, there is a high possibility of further downside in the short term. On the daily chart, the current rebound strength is limited, and multiple technical indicators point toward a downward trend. For traders looking to short, this might be a relatively good entry point.