Market Overview for REI Network/Tether (REIUSDT) – 2025-09-24

• REIUSDT closed at 0.01575, down from 0.01583, with a 24-hour low of 0.0154 and high of 0.01598.
• Price consolidated after an early morning dip, forming a bearish flag pattern near 0.01575.
• Volatility expanded midday, while RSI remained neutral, avoiding overbought/oversold extremes.
• Turnover surged during the 15:00–16:00 ET sell-off, confirming bearish momentum.
• Key support at 0.01565 and resistance at 0.01585 identified for near-term action.

REIUSDT opened at 0.01583 on 2025-09-23 12:00 ET, reached a high of 0.01598, and a low of 0.0154 before closing at 0.01575 on 2025-09-24 12:00 ET. Total 24-hour volume was 18,393,321.3 and turnover was $289,792.26. The market experienced a moderate bearish drift, with price forming identifiable support and resistance levels.

Structure & Formations

Price action on the 15-minute chart showed a bearish flag pattern forming between 0.01585 and 0.01575, suggesting consolidation following a sharp sell-off. A significant bearish engulfing pattern emerged at 0.01575, signaling potential continuation lower. Key support is now seen at 0.01565, where price tested in the early hours of 2025-09-24. A 61.8% Fibonacci retracement level aligns closely with this level, offering technical validation. Resistance is clustered around 0.01585–0.01588, with a 38.2% retracement overlapping this area.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages are converging, with price hovering slightly below both. This suggests a potential bearish bias in the short term. On the daily chart, the 50-period MA is slightly above the 100-period and 200-period MAs, indicating a neutral to slightly bearish momentum profile over the past week.

MACD & RSI

The MACD showed bearish divergence during the morning sell-off, with the histogram turning negative and the line crossing below the signal line. RSI remained in the neutral range throughout most of the session, staying between 50 and 60. A brief dip into oversold territory occurred near 0.01565, suggesting price may find a near-term floor there.

Bollinger Bands

Bollinger Bands expanded during the midday sell-off, indicating rising volatility. Price closed near the lower band on 2025-09-24, which could signal a potential rebound. The widening of the bands also suggests traders are anticipating larger price swings, likely tied to market sentiment and news flow in the broader crypto space.

Volume & Turnover

Volume spiked during the 15:00–16:00 ET sell-off, with over 628,897 units traded as price dropped from 0.01586 to 0.01575. This increase in volume confirmed the bearish move. Turnover also rose during that period, aligning with price action and reinforcing the strength of the sell-off. A divergence between price and volume was observed near the close, with volume declining while price continued to consolidate, suggesting exhaustion of the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing (0.01598 to 0.0154), key levels at 0.01565 (61.8%) and 0.01577 (50%) are critical. Price tested the 61.8% level on the 2025-09-24 06:00 candle, showing potential for support. On the daily chart, a retracement of the previous major move shows 0.01575 as a key psychological level.

Backtest Hypothesis

A proposed backtest strategy involves entering short positions when REIUSDT closes below the 50-period moving average on the 15-minute chart, paired with a bearish engulfing pattern and RSI below 60. This setup was observed during the morning sell-off and could be tested for consistency in a 24-hour period. The strategy would aim to target the 61.8% Fibonacci level at 0.01565 as a profit target, with a stop-loss placed above the 0.01585 resistance. This approach leverages technical confirmation through multiple indicators to improve the probability of success.