Market Overview for REI Network/Tether on 2025-12-06

Summary
• Price action formed bearish reversal patterns and tested key support levels after a sharp rebound.
• Volume increased during consolidation, but turnover failed to confirm bullish momentum.
• Bollinger Bands showed a recent contraction, suggesting potential for a breakout or false move.
• RSI remained neutral, but divergences hint at possible overbought conditions toward the session high.

REI Network/Tether (REIUSDT) opened at 0.00673 on 2025-12-05 at 12:00 ET, reached a high of 0.00706, a low of 0.00641, and closed at 0.00643 by 12:00 ET on 2025-12-06. Total volume was 95,703,058.6, and notional turnover stood at approximately $630,000.

Structure & Formations

Price action showed a bearish engulfing pattern near 0.00693, followed by a failed rebound and a breakdown toward 0.00656. A bearish reversal doji appeared at 0.00685, signaling potential exhaustion after a short-lived rally. The price found initial support at 0.00669 and 0.00656, with a possible next level at 0.00641.

Volatility and Momentum

Bollinger Bands displayed a narrow contraction during the overnight session, indicating a period of consolidation that may precede a directional move. MACD showed a bearish crossover after a short bullish divergence, while RSI hovered near 50, suggesting neither extreme but pointing to potential overbought conditions near 0.00706.

Volume and Turnover

Volume spiked during the initial rally but failed to sustain bullish momentum during the final hours of the session. The largest volume spike occurred at 03:45 ET when price broke to a high of 0.00691. Notional turnover did not confirm this strength, indicating possible distribution or fading activity.

Key Levels and Fibonacci

Fibonacci retracement levels from the 0.00641 low to the 0.00706 high showed 0.618 at 0.00680, a level that price briefly tested but failed to hold. A 0.382 retracement at 0.00669 served as a pivot point, with a potential test of 0.00641 on the downside.

In the next 24 hours, REIUSDT may attempt a test of the 0.00669 level for reentry or face a potential breakdown if short-term support at 0.00641 fails. Traders should remain cautious as volatility remains elevated and divergences suggest market indecision.