Market Overview for REI Network/Tether (REIUSDT) as of 2025-10-11

• REIUSDT opened at $0.01479, reached a high of $0.01491, and closed at $0.01063 with a 24-hour low of $0.0024.
• Price experienced a sharp sell-off after 21:15 ET, dropping from $0.01342 to as low as $0.0024, indicating strong bearish momentum.
• Total volume reached 96,636,866.5 with a turnover of $21,894,046.30, marking significant volatility and trading activity.
• Key candlestick formations included a large bearish engulfing pattern and a long lower shadow at the 21:15 ET print, hinting at short-term exhaustion.
• Volatility expanded significantly during the selloff, with price dipping well below the 20-period Bollinger Band floor.

REI Network/Tether (REIUSDT) opened at $0.01479 (12:00 ET – 1) and experienced a dramatic sell-off over the next 12 hours, reaching a 24-hour high of $0.01491 before closing at $0.01063 (12:00 ET). Total traded volume amounted to 96,636,866.5 REI, while notional turnover reached $21,894,046.30. The price action suggests a shift in sentiment from sideways consolidation to strong bearish pressure, particularly after a key 21:15 ET candle.

Structure and candlestick formations show that REIUSDT found initial resistance at the $0.01480–$0.01490 level, where multiple candles failed to break above. The 21:15 ET candle marked a sharp bearish engulfing pattern, with a close of $0.01195 from an open of $0.01342—indicating a decisive rejection of higher prices. A doji-like formation followed at 21:30 ET, where price plummeted further to $0.01013. Key support levels currently appear at $0.01030, $0.00930, and the psychological $0.0100 level.

Moving averages on the 15-minute chart suggest a strong bearish bias, with the price closing below the 20- and 50-period MAs. On the daily chart, the 50-day MA is likely above current levels, reinforcing the bearish trend. MACD has turned negative and shows a wide bearish crossover, indicating momentum is strongly aligned with the downward move. RSI is in extreme oversold territory, currently around 10–15, but the divergence between price and momentum suggests exhaustion more than a reversal.

Bollinger Bands have significantly expanded after the selloff, with price closing far below the lower band at 21:15 ET. Volatility remains high, and the band width suggests elevated risk for continuation of the move. Notional turnover spiked dramatically during the sharp drop, especially in the 21:15–22:00 ET period, where over $12M in turnover was recorded. This confirms the bearish move rather than indicating a divergence.

Fibonacci retracements on the 21:00–21:30 ET leg show that the 61.8% level is around $0.01150, which may serve as a near-term support. On the broader 0.01491–0.0024 move, the 38.2% level is at $0.00860, while the 61.8% level is at $0.01360. If REIUSDT stabilizes near $0.0100, traders might look to the 50% retracement at $0.0070 for potential short-term buying interest.

Backtest Hypothesis

A backtesting strategy could be built around the bearish engulfing pattern observed at 21:15 ET, combined with the RSI entering oversold territory. A possible entry could be placed on the close of a 15-minute candle that forms a bearish engulfing pattern, with a stop above the engulfing high. A target could be set at 1.618 times the engulfing candle’s range, or using Fibonacci levels. Given the strong volume and momentum confirmation, this setup may have high success potential in a highly volatile environment.