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Summary
• REIUSDT formed a bullish engulfing pattern near 0.00545, suggesting short-term reversal.
• Momentum slowed as RSI approached 50, indicating potential consolidation ahead.
• Bollinger Bands widened after 19:00 ET, reflecting increased volatility and price uncertainty.
• Turnover surged over $55M at 20:45 ET, coinciding with a 0.68% price spike.
• Volume diverged from price after 04:00 ET, hinting at weakening bullish conviction.
REI Network/Tether (REIUSDT) opened at 0.00552 on 2025-12-11 12:00 ET and closed at 0.00561 on 2025-12-12 12:00 ET, reaching a high of 0.00586 and a low of 0.00534. Total 24-hour volume was 96.9 million REI, with $55.7 million in notional turnover.
Structure & Formations
A bullish engulfing pattern formed at 0.00545 (19:00 ET), signaling potential short-term buyers stepping in after a downward drift. A doji near 0.00569 (04:15 ET) and another near 0.00557 (07:15 ET) indicated indecision during key resistance tests. A descending triangle formed from 0.00586 to 0.00543 between 19:30 ET and 04:00 ET, with a breakout toward the upper trendline on high-volume spikes around 20:45 and 05:15 ET.
Moving Averages and MACD/RSI
The 5-minute 20-period MA acted as dynamic support around 0.00555-0.0056, while the 50-period MA offered resistance above 0.00565. RSI reached 61 at 20:45 ET, hinting at overbought conditions before a pullback. The MACD crossed zero positively twice—first at 19:45 ET and again at 05:15 ET—confirming short-term bullish momentum, though divergence appeared at 07:45 ET as prices rose but MACD declined.
Volatility and Bollinger Bands
Bollinger Bands contracted between 14:00-16:00 ET, foreshadowing a breakout that began at 16:45 ET.

Volume and Turnover Divergence
Volume spiked to 10.8 million REI at 20:45 ET, coinciding with a 0.68% rally to 0.00586. Notional turnover surged to $14.2 million at that time. However, volume waned despite price rising from 0.00556 to 0.00567 between 04:00-06:00 ET, suggesting weakening demand. A bearish divergence appeared at 06:30 ET, with price rising but volume declining, raising concerns about sustainability.
Fibonacci Retracements
Key Fibonacci levels for the 0.00586–0.00543 swing included 0.00565 (61.8%) and 0.00557 (50%), where price consolidated for over four hours. The 38.2% level at 0.00561 was tested and held at 08:00 and 11:45 ET, offering temporary support before a final pullback to close near 0.00561.
Price appears to consolidate near key Fib levels ahead of potential follow-through. A break below 0.00556 or above 0.00567 could trigger further directional movement. Investors should remain cautious of volume divergence and monitor for a breakout confirmation in the next 24 hours.
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