Market Overview for REI Network/Tether (REIUSDT) – 2025-09-22

• REIUSDT closed lower at 0.01548 after a sharp decline from 0.01742 near the 06:15 ET peak.
• A bearish momentum accelerated overnight with high-volume selloffs below key support levels.
• RSI hit oversold territory while Bollinger Bands widened, suggesting possible consolidation.
• Notional turnover surged past $16.8M, highlighting increased risk and potential for follow-through selling.
• A morning doji and bearish engulfing patterns suggest bearish sentiment has taken hold.

Opening Narrative

On 2025-09-22 at 12:00 ET, REI Network/Tether (REIUSDT) opened at 0.01725, hit a high of 0.01743, dipped to a low of 0.01542, and closed at 0.01548. Total volume traded over the 24-hour period was 9,143,967.9 with a notional turnover of $143,900,747.50. Price action displayed a strong bearish bias across multiple timeframes.

Structure & Formations

Price formed a bearish engulfing pattern around 19:30 ET on 2025-09-21, followed by a doji at 22:30 ET the same day, signaling indecision and potential trend reversal. A critical support level was breached at 0.01703, with subsequent support zones forming at 0.0165, 0.0160, and finally 0.0155. Resistance levels on the 15-min chart were found at 0.01727, 0.01735, and 0.01743, where multiple failed attempts to rally were observed.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below price late into the night, confirming a short-term bearish bias. The 50-period line, at 0.01693, acted as a key resistance-turned-support in early trading. On a daily basis, the 50/100/200 MA lines all trended downward, with price trading well below the 200-period MA at 0.01735, indicating a deeper bearish structure.

MACD & RSI

The MACD turned sharply negative in the early morning hours, confirming bearish momentum. By 07:30 ET, the RSI had dipped to 28, entering oversold territory. Despite this, bearish pressure continued, indicating potential for a rebound or consolidation. However, a divergence between RSI and price was not observed, suggesting that the bearish trend may continue.

Bollinger Bands

Volatility expanded significantly during the selloff, with Bollinger Bands widening from approximately 0.0003 to 0.0008 in the 06:15–07:45 ET window. Price spent most of the day near or below the lower band, especially between 07:00 and 10:00 ET, suggesting a period of high volatility and bearish pressure. The contraction in volatility earlier in the day may have signaled a potential reversal, but the subsequent expansion confirmed a sustained bearish move.

Volume & Turnover

Volume spiked during the selloff from 0.01743 to 0.01542, particularly between 06:15 and 07:45 ET, when over 9 million contracts changed hands. Notional turnover surged in the same period, reaching $16.8 million in the 06:15 ET candle alone. Price and turnover aligned during the selloff, confirming the bearish move rather than indicating divergence.

Fibonacci Retracements

On the 15-minute chart, the drop from 0.01743 to 0.01542 saw price find temporary support at 61.8% and 78.6% levels around 0.0162 and 0.0157. The 61.8% retracement at 0.0162 held briefly before breaking again in the morning. On the daily chart, the 38.2% and 61.8% retracements aligned with the 0.0169 and 0.0164 levels, both of which saw price test and continue lower.

Backtest Hypothesis

A potential backtesting strategy involves entering short positions when the 15-minute RSI dips below 30 and the 20-period MA crosses below the 50-period MA, while confirming the move with a bearish engulfing pattern. Stops could be placed above the 0.01727–0.01735 resistance cluster. If REIUSDT remains bearish over the next 24 hours, this setup could be validated as a short-term bearish trigger with a target near 0.0154–0.0153 and a stop above 0.01735.