US Senate Advances Resolution on Iran War Authorization

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 20 2026

Explore Agentic TradingLet AI Trade for You

Senate Vote Outcome: The US Senate passed a procedural resolution by a vote of 50 to 47, requiring President Trump to seek congressional authorization before continuing military actions against Iran, reflecting a demand for checks on presidential military power.
War Impact Analysis: The ongoing conflict has pressured the global economy, particularly due to soaring fuel and energy prices following the closure of the Strait of Hormuz, which exacerbates inflation risks and undermines market confidence.
Increased Political Pressure: Democratic Senator Tim Kaine highlighted that it has been 80 days since Trump initiated what he termed an 'illegal war,' emphasizing Congress's role in restraining this conflict, showcasing strong opposition to the president's military decisions.
Market Reaction Expectations: Analysts suggest that an end to the war could trigger a market rally, particularly for risk assets like Bitcoin, with expectations of a 6% to 10% rebound, alleviating current risk-off sentiment.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like EPIC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for EPIC

Technical Sentiment Analysis for Epic Chain (EPIC). As of , Epic Chain (EPIC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 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	-0.0616	0.0647	0.156	0.283	0.374	0.501	0.592
Fibonacci	0.0647	0.148	0.199	0.283	0.366	0.417	0.501

About EPIC

Epic Chain (EPIC) is the next evolution of Ethernity Chain (ERN), emerging through a 97.1% community-approved transition. Now a cutting-edge ETH Layer 2 blockchain, Epic Chain is designed for Real World Assets (RWAs) and entertainment, combining AI-driven security, DRM, and seamless Web3 integration.With the entertainment industry projected to reach $3.5 trillion by 2030, Epic Chain is the go-to platform for global brands to bring their franchises on-chain. Already home to legends like Lionel Messi, Shaquille O'Neal, and Muhammad Ali, Epic now expands into leading entertainment franchises with enhanced scalability, security, and efficiency.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on EPIC?

Get Started Free