Market Overview for REI Network/Tether (REIUSDT) - 24-Hour Period Ending 2025-10-09 12:00 ET

• REIUSDT traded in a narrow range during the early session before breaking higher midday.
• Price surged to a 24-hour high of $0.01574 before consolidating and retreating into a bearish pattern in the evening.
• Volatility expanded in the afternoon, with a sharp volume spike confirming the breakout and pullback.
• RSI showed overbought conditions near 70, while MACD signaled a potential bearish turn in the latter half.
• Bollinger Bands widened as price moved above the upper band, suggesting elevated volatility.

REIUSDT opened at $0.01531 on 2025-10-08 12:00 ET, reached a high of $0.01574, fell to a low of $0.01478, and closed at $0.01507 at 12:00 ET on 2025-10-09. The 24-hour trading volume totaled 7,715,126.8 contracts, with a notional turnover of $116,608.34. Price action suggested a volatile yet range-bound session with strong afternoon movement.

Structure & Formations

The session saw a notable breakout above the $0.01560 resistance level, confirmed by a bullish engulfing pattern and a surge in volume. However, the price failed to hold above this level into the evening, forming a bearish evening star pattern as it reversed sharply below the $0.01530 support zone. Key support levels were identified at $0.01525, $0.01515, and $0.01500, while resistance appeared to consolidate at $0.01540 and $0.01550.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the downside in the late afternoon, indicating a bearish reversal. Price was below both indicators during the final hours of the session. On the daily chart, the 50/100/200-period MA structure showed a flat to bearish alignment, with the price currently trading slightly below the 50-day MA.

MACD & RSI

The MACD histogram turned negative in the late afternoon, with a bearish crossover of the signal line confirming the downward shift. RSI moved into overbought territory near 70 during the midday surge but then rapidly declined, falling below the 50 threshold by the end of the session. This divergence suggested weakening momentum and potential reversal.

Bollinger Bands

Bollinger Bands expanded significantly in the afternoon, reflecting increased volatility. Price tested and briefly exceeded the upper band, which acted as a dynamic resistance. In the evening, price fell below the lower band, indicating a potential overextension to the downside. The contraction of the bands early in the session hinted at a period of consolidation before the breakout.

Volume & Turnover

Volume surged to a high of 1,818,629.1 in the 9:00 AM to 9:15 AM ET window, marking the largest 15-minute volume spike of the day. Notional turnover increased in tandem, peaking at $27,250.78 during the same period. A divergence between volume and price was observed in the late evening, with falling volume accompanying lower prices, hinting at a possible bottoming process.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from $0.01478 to $0.01574, the 50% retracement level at $0.01526 was closely tested during the evening. The 61.8% level at $0.01518 was a notable point of support in the late session. On the daily chart, the 38.2% retracement level at $0.01503 was a minor support, which held briefly before a further decline.

Backtest Hypothesis

The proposed backtest strategy involves a combination of RSI divergence and Bollinger Band breakouts on the 15-minute chart. The hypothesis is that a bearish reversal can be predicted when RSI moves from overbought (>70) to neutral (<50) territory while the price closes below the Bollinger Band lower boundary, confirming a short-term exhaustion. This was observed in the late afternoon and evening candles, with price closing below the lower band and RSI collapsing from 70 to below 50 within three 15-minute intervals. The signal would trigger a short position at the close of the candle that breaks below the band, with a stop-loss placed above the recent swing high of $0.01540.