Market Overview for REI Network/Tether (REIUSDT) – 24-Hour Analysis (2025-10-05)

• Price rose from 0.01544 to 0.01577 on strong late-night buying.
• Volatility remained low, with most candles clustering within 0.01541–0.01555.
• Volume spiked at 0.01577, confirming key resistance break.
• RSI and MACD signaled growing momentum with no overbought signs yet.
• Turnover increased sharply in the early morning session, aligning with price rise.

Market Overview

REI Network/Tether (REIUSDT) opened at 0.01544 on 2025-10-04 12:00 ET and closed at 0.01577 by 12:00 ET on 2025-10-05, reaching a 24-hour high of 0.01587 and a low of 0.01541. Total volume reached 1,945,431.4, and notional turnover amounted to $30,425.91 over the 24-hour period. The pair demonstrated a modest but directional increase in price amid relatively stable volatility and increasing interest in the 0.0157–0.01585 range.

Structure & Formations

The price action showed a series of bullish formations over the past 24 hours, including a morning bullish engulfing pattern at 0.01552–0.01559 and a long-bodied candle at 0.01572–0.01578, signaling growing buyer confidence. A key support level appears to have formed at 0.01555, while resistance is now at 0.0158 and 0.01587. A doji formed at 0.01581–0.01583, suggesting hesitation near the upper end of the recent range.

Moving Averages

On the 15-minute chart, the 20-period MA closely tracks the price action with a slight upward drift, while the 50-period MA shows a more pronounced upward bias. The price remains above both, suggesting a potential continuation of the recent upward bias. Daily moving averages (50, 100, and 200) indicate a more neutral stance, with price hovering near the 50-day MA, suggesting possible near-term consolidation after the recent rally.

MACD & RSI

The MACD crossed above its signal line and showed a positive divergence in the past 5 hours, indicating growing bullish momentum. RSI climbed from 48 to 58, avoiding overbought territory and confirming the recent strength. No bearish divergence was observed, and the MACD histogram showed a consistent rise, reinforcing the view of increasing buying pressure.

Bollinger Bands

Volatility remained relatively stable, with Bollinger Bands showing a narrow contraction in the late evening. Price action stayed within the bands for most of the period, indicating a lack of extreme volatility. The recent break above the upper band at 0.01577–0.01587 confirmed the breakout attempt and may signal a potential expansion of the range if buyers hold the new high.

Volume & Turnover

Volume surged during the late-night session, peaking at 1,270,166.7, with a corresponding increase in notional turnover. This aligns with the price action and suggests strong institutional or large-cap participation. No divergence was observed between price and volume, confirming the legitimacy of the upward move. The 0.01577–0.01587 range saw the highest volume concentration, supporting the idea of a new short-term equilibrium forming.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.01541 to 0.01587, key levels at 0.01559 (38.2%) and 0.01572 (61.8%) appear to have acted as short-term supports and targets. The current price of 0.01577 is near the 61.8% level, suggesting a possible consolidation or retest. If the price breaks above 0.01587, the next Fibonacci target would be 0.01594, which may act as the next psychological level.

Backtest Hypothesis

A potential backtest strategy for REIUSDT could involve a breakout setup based on the 15-minute Bollinger Bands and RSI divergence. The idea would be to enter long when price breaks above the upper Bollinger Band and RSI shows a positive divergence, with a stop loss placed below the 20-period MA. Given the recent confirmation of the breakout at 0.01577–0.01587 and the strong MACD and volume, this approach appears well-aligned with the current market structure. The hypothesis would aim to capture continuation moves in a relatively low-volatility market, with the 0.01587 and 0.01594 levels acting as natural targets.