Market Overview for REI Network/Tether (REIUSDT) on 2025-10-29

• REIUSDT posted a 0.01146 close, down from 0.01204 open, with a 24-hour high of 0.01224 and a low of 0.01085.
• Price experienced a strong downward drift after a consolidation phase, forming a bearish flag pattern.
• Volatility spiked as the pair dropped from 0.01224 to 0.01087, with the largest 15-minute move at 0.01109 to 0.01085.
• RSI hit oversold territory below 30, suggesting a potential bounce.
• Volume surged during the bearish break, confirming the move but also indicating possible exhaustion.

REI Network/Tether (REIUSDT) opened at 0.01204 at 12:00 ET on 2025-10-28 and closed at 0.01146 by 12:00 ET on 2025-10-29, registering a high of 0.01224 and a low of 0.01085. Total volume for the 24-hour period reached 32,898,964.5, with a notional turnover of approximately $375,895. The pair experienced a sharp bearish correction, particularly after 20:30 ET on 2025-10-28.

Structure & Formations

Over the past 24 hours, REIUSDT traced a bearish flag pattern following a consolidation phase between 0.01200 and 0.01224. A bearish breakout occurred around 0.01146, confirmed by declining lows and strong volume. A large bearish engulfing pattern formed between 08:00 and 08:15 ET on 2025-10-29, signaling aggressive bearish momentum. A key support level has formed near 0.01106, which could test buyers' resolve if the price breaks below.

Moving Averages

On the 15-minute chart, the 20SMA crossed below the 50SMA in a bearish "death cross," reinforcing downward momentum. On the daily chart, the 50DMA is above the 200DMA, indicating a broader bearish bias. The 50DMA at 0.01179 has acted as a strong resistance, and the price remains well below it.

MACD & RSI

The MACD line turned negative, with a bearish divergence visible after the 08:00 ET breakout. The histogram has been shrinking, suggesting potential momentum fatigue. The RSI fell below 30, reaching 24, indicating oversold conditions. However, a rapid bounce is not yet confirmed, and the RSI remains below neutral.

Bollinger Bands

Bollinger Bands widened significantly following the large move from 0.01224 to 0.01085, indicating heightened volatility. Price has remained near the lower band since the 08:00 ET breakdown, suggesting a continuation of bearish sentiment. A sustained move above the midline of the bands would signal a potential reversal.

Volume & Turnover

Volume spiked during the bearish breakout and remained elevated throughout the session, particularly in the 07:45 to 08:45 ET window. Notional turnover increased by over 300% in the 08:00 to 08:15 ET candle, confirming the bearish move. However, volume has since tapered off, suggesting exhaustion. A divergence between price and volume suggests caution for further downward momentum.

Fibonacci Retracements

Fibonacci levels from the high of 0.01224 to the low of 0.01085 show the 0.382 level at 0.01164 and the 0.618 at 0.01121. The current price is near the 0.618 retracement level, indicating potential support. If the price breaks below 0.01106, the next Fibonacci target would be 0.01068.

Backtest Hypothesis

Applying a mean-reversion strategy around the 50SMA and using RSI as a trigger, the pair may present short-term entry opportunities near the 0.01106 level. A long entry could be triggered with an RSI rebound above 30 and a close above the 50SMA. This approach aligns with the bearish flag formation, aiming to capture a retracement within the Fibonacci range before resuming the downward trend.