Apple Faces New Setback in Epic Games Legal Battle
- Legal Battle Intensifies: The U.S. Supreme Court's refusal to pause a lower court ruling forces Apple to defend its external payment charges in federal court, significantly impacting its revenue model as it faces increased scrutiny.
- Antitrust Allegations Persist: Apple was found in contempt for failing to comply with earlier injunctions, resulting in the cessation of commission collection on external link transactions for nearly a year, directly affecting billions in revenue.
- Victory for Epic Games: Epic Games opposed Apple's request, arguing that Apple's willful contempt has delayed the restoration of competition, allowing the company to reap excessive commission fees over the past two years, thereby increasing market pressure.
- Case Returns to Trial Court: The case is now back in the hands of Judge Yvonne Gonzalez Rogers, who is expected to rule on whether Apple can impose commissions on purchases made through external link redirections, which will influence Apple's future business strategies.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for EPIC
Technical Sentiment Analysis for Epic Chain (EPIC). As of , Epic Chain (EPIC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EPIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, EPIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Epic Chain (EPIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.264 | 0.293 | 0.323 | 0.352 | 0.382 | 0.411 | 0.441 |
| Fibonacci | 0.293 | 0.315 | 0.329 | 0.352 | 0.374 | 0.388 | 0.411 |
About EPIC
About the author
