Market Overview for REI Network/Tether (REIUSDT) – 2025-10-07

• REIUSDT traded in a volatile range, breaking below key support after an initial bullish attempt.
• Momentum dipped into oversold territory as RSI dropped to 30, signaling potential rebound chances.
• Volume surged in the late trading session, confirming bearish continuation below 0.01605.
• Price tested the 0.0158–0.0160 Bollinger Band range, with a final close near the lower boundary.
• Fibonacci levels suggest potential bounce at 0.01580 and continuation below 0.01566.

The 24-hour trading session for REI Network/Tether (REIUSDT) began at $0.01621 and closed at $0.01525 as of 12:00 ET. The pair touched a high of $0.01633 and a low of $0.01521. Total volume amounted to 3,488,239 units, while the notional turnover reached $55,222. Price action showed a sharp breakdown after a false recovery, with bearish control dominating the final hours.

Structure & Formations

The 15-minute chart displayed a key breakdown below 0.01605, which acted as a strong support-turned-resistance. A bearish engulfing pattern formed after the 0.01623 high, confirming the reversal. A long lower shadow at 0.01602 suggested rejection at that level, and the formation of a doji at 0.01598 hinted at indecision. Further down, a strong bearish continuation pattern developed between 0.01584 and 0.01567, indicating exhaustion of buyers and dominance of sellers.

Moving Averages

On the 15-minute timeframe, price closed below both the 20-period and 50-period moving averages, reinforcing bearish sentiment. The 50-period line was breached at around 0.01604, with the 20-period line already below it. On the daily chart, the 50-period MA sits at 0.01615, with the 200-period at 0.01630 — suggesting further bearish potential if price fails to reclaim 0.01615.

MACD & RSI

The MACD crossed below the signal line in the mid-session, with a bearish histogram forming after the breakdown. RSI dropped into oversold territory below 30, but failed to bounce off it immediately, signaling weak conviction in a reversal. The RSI divergence between price and indicator momentum suggests a possible follow-through in the bearish direction before a potential rebound is confirmed.

Bollinger Bands

Volatility increased as the bands expanded from a narrow range between 0.01610–0.01625 to 0.01580–0.01605. Price closed near the lower band, indicating a possible bounce at this level. However, given the confirmation of the breakdown and the bearish momentum, a test of the lower boundary may not hold for long.

Volume & Turnover

Volume surged in the late session, peaking at 132,099 units during the 15:15 candle as price dropped from 0.01556 to 0.01543. The notional turnover spiked in tandem with the breakdown, confirming the bearish continuation. There was no divergence between price and volume, reinforcing the strength of the sell-off.

Fibonacci Retracements

Applying Fibonacci to the recent 0.01623–0.01521 move, the 38.2% retracement is at 0.01566, and the 61.8% level at 0.01580. Price appears to be targeting a bounce at 0.01580 before resuming the downtrend. On a larger daily move from 0.01630 to 0.01521, the 50% retracement is at 0.01576, which may offer temporary support.

Backtest Hypothesis

A potential backtesting strategy involves using a combination of RSI divergence and volume confirmation on the 15-minute chart. When RSI fails to bounce from oversold levels (below 30) and volume increases, a bearish trade setup is triggered. A stop loss can be placed above the recent swing high, and a take profit is set at the next Fibonacci level (e.g., 0.01566). This approach would need to be tested on historical data for REIUSDT to validate its effectiveness in varying volatility and liquidity conditions.