Market Overview for REI Network/Tether (REIUSDT)

Summary• REIUSDT traded in a range between $0.0092 and $0.00978 with no clear trend.• Momentum remains balanced, with RSI hovering mid-range and no overbought/oversold extremes.• Volume spiked twice in the 24-hour period but failed to trigger directional breakout.

REI Network/Tether (REIUSDT) opened at $0.00959 on 2025-11-03 12:00 ET, reached a high of $0.00978, a low of $0.0092, and closed at $0.00928 on 2025-11-04 12:00 ET. Total volume was 13,205,678.5 and total turnover reached $124,313.59 over the 24-hour period.

Structure & Formations

Price oscillated within a well-defined range over the past 24 hours, with key resistance near $0.00978 and support forming around $0.0092–$0.0093. A notable bearish engulfing pattern formed at the high near $0.00978, indicating potential short-term profit-taking or bearish reversal. A doji appeared during the overnight session, suggesting indecision among traders and a possible continuation of the range-bound consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have converged around $0.0094–$0.0095, reflecting a neutral bias. Price has oscillated above and below this cluster, indicating no dominant trend. The longer-term 200-period moving average sits around $0.00945, with price currently near it, suggesting equilibrium. No clear crossover signal emerged over the last 24 hours.

MACD & RSI

The 12-period MACD histogram has remained small and oscillating around zero, reflecting balanced momentum with no clear bullish or bearish dominance. RSI hovered between 45 and 55 for much of the session, with a brief dip below 40 earlier in the evening before rebounding. This suggests that REIUSDT remains in a balanced market with no signs of exhaustion on either side.

Bollinger Bands

Price has spent most of the session near the middle Bollinger Band, with volatility fluctuating moderately. A brief expansion occurred around $0.0094–$0.00955, coinciding with a volume spike. During this phase, price briefly touched the upper band at $0.00958 before retreating. The narrowest band contraction was observed near $0.0094–$0.00945, which could precede a breakout if volume supports it.

Volume & Turnover

Volume spiked significantly around 2025-11-03 22:00 ET and again at 2025-11-04 09:00 ET, with turnover increasing by 45% and 38% respectively. These spikes coincided with price attempts to break the $0.00945–$0.00955 range but failed to sustain the move, indicating strong intraday resistance. No clear divergence emerged between price and volume, suggesting that price moves were generally supported by underlying buying or selling pressure.

Fibonacci Retracements

Fibonacci levels applied to the recent $0.0092–$0.00978 swing show a 61.8% level at $0.00951 and a 38.2% level at $0.00939. Price touched $0.00951 twice over the last 24 hours before retreating, suggesting that the 61.8% retracement may act as short-term resistance. A 38.2% retest occurred during the late morning session but failed to confirm a breakout.

Backtest Hypothesis

To evaluate potential trading signals, a backtesting strategy requires accurate price/indicator data under the correct ticker symbol (e.g., “REIUSDT.UDC”). Since the current data set lacks RSI values and confirmation of the exact ticker code, a backtest cannot be executed. The standard RSI thresholds (30 and 70) would typically be used to identify overbought and oversold levels, but deviations can be accommodated if specified. Once the correct ticker is confirmed, RSI values can be retrieved, and a backtesting framework from 2022-01-01 to 2025-11-04 can be implemented.

Forward Outlook

Looking ahead, REIUSDT may continue to trade within the $0.0092–$0.00978 range for the next 24 hours unless a stronger catalyst emerges. Key resistance remains near $0.00951, with a potential for a test of $0.00978 under increased volume and momentum confirmation. On the downside, support at $0.00937 appears critical. Investors should remain cautious as any breakout attempt may face immediate profit-taking pressure. As always, market sentiment and broader crypto market movements could influence price behavior.