Market Overview for REI Network/Tether (REIUSDT) on 2025-09-23

• REIUSDT rose from $0.01543 to $0.01583, closing the 24-hour period ~2.6% higher.
• Momentum turned bullish in the late ET session, with a strong breakout above $0.0157, supported by rising volume.
• RSI crossed into overbought territory, while Bollinger Bands expanded, signaling increased volatility and bullish conviction.
• Total notional turnover reached $23.4 million, with volume surging in the final 8 hours of the 24-hour window.
• A bullish engulfing pattern formed around $0.0156, followed by a higher high and close, reinforcing upward bias.

REI Network/Tether (REIUSDT) opened at $0.01543 on 2025-09-22 at 12:00 ET and closed at $0.01583 on 2025-09-23 at 12:00 ET, reaching a 24-hour high of $0.0159 and a low of $0.01539. Total volume during the period was 8.4 million REI, and notional turnover amounted to approximately $23.4 million. The pair showed a clear bullish reversal in the last 12 hours of the window.

Structure & Formations

The price of REIUSDT formed a bullish engulfing pattern around $0.0156 in the evening ET timeframe, which preceded a breakout to the upside. A Doji near $0.01559 on 01:30 ET suggested indecision and served as a pivot point before the price surged. Resistance levels are visible at $0.0157 and $0.0158, while $0.01554 and $0.01549 provided notable support during consolidation periods. The price appears to have broken out from a tight consolidation range, suggesting further upside potential.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a golden cross, with the 20 MA above the 50 MA, confirming short-term bullish momentum. On the daily timeframe, the 50-period MA sits slightly below the 200-period MA, but the price is above both, suggesting a potential shift from sideways to bullish trend behavior. A further rise above the 100-period MA could confirm a stronger uptrend.

MACD & RSI

MACD turned positive and bullish during the last 8 hours of the 24-hour period, with the fast line crossing above the signal line, indicating a growing bullish momentum. RSI reached overbought levels near 68-70, suggesting caution ahead. However, with volume supporting the move, a continuation above $0.0158 could still be expected. RSI appears to have found key support at ~60 and resistance at ~70, with possible retracement into the 60–65 range expected in the short term.

Bollinger Bands

Bollinger Bands expanded significantly during the price breakout phase, indicating a period of increased volatility and bullish conviction. Price action remained above the middle band throughout the session, suggesting strong momentum to the upside. A contraction phase was observed between $0.01543 and $0.01558 prior to the breakout, making the current expansion a key signal of trend continuation.

Volume & Turnover

Volume spiked to over 806k REI on 07:00 ET and 298k REI at 09:00 ET, coinciding with price peaks at $0.01585 and $0.01589, respectively. These spikes confirm bullish strength and indicate accumulation by larger players. Notional turnover also increased sharply during these intervals. Price and volume moved in alignment, suggesting validity in the uptrend. A divergence may emerge if volume declines ahead of price, which would warrant caution.

Fibonacci Retracements

Applying Fibonacci retracement to the recent $0.01539–$0.0159 swing, key levels are:- 38.2% at $0.01561- 61.8% at $0.01578

The price has already tested 61.8% and appears to be forming a new bullish impetus. If the current trend holds, the next target could be the extension level at $0.0160, which may serve as a strong resistance-turned-support in the future.

Backtest Hypothesis

Given the recent bullish reversal, a short-term breakout strategy could be backtested. The strategy would look to enter long when price closes above the 50-period MA on the 15-minute chart, with a stop loss placed below the last swing low and a take profit at the 61.8% Fibonacci level. Using volume confirmation for trade entry could filter false breakouts, enhancing robustness. REIUSDT’s recent volume spikes and RSI overbought signals suggest the pair may be ideal for short-term momentum strategies.