Market Overview: REI Network/Tether (REIUSDT) on 2025-10-10

• Price surged 16% from $0.01446 to $0.01553, driven by volume spikes and bullish momentum.
• Volatility expanded, with price breaking above key resistance levels and entering overbought RSI territory.
• Bollinger Bands showed a sharp expansion, and MACD confirmed bullish divergence.
• Volume and turnover aligned with the rally, with no significant signs of price-turnover dislocation.
• Fibonacci retracement levels suggest potential pullback support near $0.01535 and $0.01514.

The REI Network/Tether (REIUSDT) pair opened at $0.01487 on 2025-10-09 at 16:00 ET and surged to a high of $0.01553 before closing at $0.01466 on 2025-10-10 at 16:00 ET. The 24-hour trading session saw a total volume of 6,589,750.5 units and a turnover of approximately $97,376.04. The price action was marked by strong upward momentum, multiple breakout attempts, and a sharp correction in the final hour.

Structure & Formations

The 15-minute chart displayed a series of bullish candlestick patterns, including a morning star and bullish engulfing patterns during the early ET hours. Notable support levels emerged around $0.01514 and $0.01486, with $0.01535 acting as a key resistance-turned-support level. A long-bodied candle on the 18:45 ET session and a doji around $0.01513 suggested indecision at the peak of the rally. The price eventually found a hard stop near $0.01466 in the final candle, forming a bearish divergence from earlier bullish signals.

Moving Averages

On the 15-minute chart, the 20-period MA acted as a dynamic support during the initial rally, while the 50-period MA shifted from bearish to bullish alignment as the price surged past $0.0153. On the daily chart, the 50-period MA crossed above the 100-period MA, signaling a short-term bullish trend. However, the 200-period MA remained below the price, indicating that the broader market context is still bearish.

MACD & RSI

The MACD line crossed above the signal line around $0.01520, confirming the bullish momentum. It reached a peak of 0.00020 before diverging as the price dropped below $0.01515. The RSI hit overbought territory above 70 during the rally but quickly corrected to 55 as the correction accelerated. The divergence between price and RSI suggests a potential pullback may be imminent.

Bollinger Bands

Bollinger Bands showed a significant expansion during the rally, with price moving above the upper band for a brief period. The band width widened from 0.00020 to over 0.00050, indicating increased volatility. The closing candle of the session found the price back within the band but near the lower boundary, suggesting a possible bounce back toward the mean in the short term.

Volume & Turnover

Volume surged during the bullish breakout phase, with the highest volume candles occurring around $0.01520–$0.01535. However, volume declined significantly during the correction, with the final candle showing relatively low participation despite a sharp price drop. Turnover also followed a similar pattern, with a peak near $0.01530 and a sharp decline during the final 15-minute window. This divergence between price and volume may indicate weakening conviction in the bullish trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $0.01466 to $0.01553, the key levels are $0.01535 (38.2%), $0.01523 (50%), and $0.01514 (61.8%). The price briefly tested $0.01535 before breaking above, but failed to hold the 50% and 61.8% levels during the final correction. This suggests that the 38.2% level could serve as a potential support zone for a short-term rebound.

Backtest Hypothesis

Given the bullish engulfing patterns, strong volume surges, and overbought RSI readings observed during the rally, a potential backtest strategy could involve entering a long position on a bullish engulfing pattern confirmation with a stop-loss below the recent support at $0.01514. A take-profit target could be set at the 38.2% Fibonacci level ($0.01535) or the next resistance at $0.01545. This strategy would be best applied to the 15-minute chart, with a time horizon of 1–2 hours per trade and a maximum of three trades per day. Trailing stops could be utilized to lock in gains as the price moves in favor.