Market Overview for REI Network/Tether (REIUSDT): 24-Hour Analysis (2025-10-31)

• Price fell from $0.0103 to $0.0097, ending 24 hours with a 5.8% decline.
• Volatility expanded, with a low of $0.00964 and high of $0.01036.
• Volume surged after 2:15 AM ET as the price dropped sharply.
• RSI hit oversold levels at 28.4, hinting potential rebound.
• Bollinger Bands widened, reflecting increased uncertainty and potential range-bound consolidation ahead.

24-Hour Snapshot and Context

REI Network/Tether (REIUSDT) opened at $0.01026 on 2025-10-31 at 12:00 ET−1 and dropped to a 24-hour low of $0.00964 by 2:45 PM ET, before closing at $0.00994 at 12:00 ET. The high of $0.01036 was reached early in the session. Total traded volume reached 18.6 million REI, with notional turnover of $191,000. The price has shown signs of exhaustion following a sharp sell-off, with key resistance now likely at $0.01005–0.01015 and support forming around $0.00985–0.00991.

Structure & Key Levels

Price action formed a bearish engulfing pattern at 1:30 AM ET, confirming a reversal after a brief rally. The 61.8% Fibonacci retracement of the prior rally (from $0.00974 to $0.01016) now appears to be a pivot point at $0.00991, while the 38.2% level ($0.01003) could act as initial resistance. A bullish breakout above $0.01015 may suggest a test of the 20-period SMA, which currently resides at $0.01009.

Moving Averages and Momentum

The 20-period and 50-period SMAs on the 15-minute chart both moved lower as the trend turned bearish, with the 50 SMA now at $0.01001. The 100-period SMA on the daily chart is expected to be below the 200-period SMA, suggesting a longer-term bearish bias. The MACD indicator turned negative mid-session, with a bearish crossover observed at 2:15 AM ET. The RSI has now entered oversold territory at 28.4, hinting at potential buying interest or a consolidation phase.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly after 2:00 AM ET, with the 20-period standard deviation reaching a high of 0.000125. Price traded near the lower band for much of the session, confirming bearish momentum. A reversal above the middle band at $0.00999 may indicate a short-term rebound, but the bands remain wide, suggesting continued price discovery and market uncertainty ahead.

Volume and Turnover Confirmation

Volume and turnover spiked sharply during the 2:15–3:30 AM ET window, aligning with the sharp drop from $0.01016 to $0.00974. Notional turnover reached $47,482.90 during this period, representing a peak of the day. Price and volume action showed strong alignment during this phase, indicating conviction in the sell-off. A divergence between volume and price during any near-term rally may signal a continuation of the bearish trend.

Backtest Hypothesis

To better understand the long-term behavior of REI/USDT, we could backtest a strategy based on the MACD "Death Cross" event — when the MACD line crosses below the signal line. This has historically signaled bearish momentum. If the correct exchange and ticker format (e.g., BINANCE:REIUSDT) is provided, we can retrieve the full MACD series and identify all such events from 2022-01-01 to 2025-10-31. Once identified, we can analyze the typical post-event price behavior, including mean returns, win/loss rates, and holding periods. This approach could help quantify the predictive value of the MACD in the context of REI's unique volatility profile.