Market Overview: REI Network/Tether (REIUSDT) – 24-Hour Summary (2025-09-21)

• REIUSDT traded in a tight range before surging past 0.01750 on heavy volume.
• A bullish breakout above 0.01748 confirmed by strong volume but faces 0.01771 as key resistance.
• Volatility expanded midday, with price consolidating near 0.01731-0.01741 range overnight.
• RSI showed strong momentum in the morning but has cooled to neutral territory by close.
• Bollinger Bands expanded sharply during the rally, indicating potential for a retest of key levels.

REI Network/Tether (REIUSDT) opened at 0.01740 on 2025-09-20 12:00 ET, reaching a high of 0.01787 and a low of 0.01723 before closing at 0.01731 on 2025-09-21 12:00 ET. Total volume for the 24-hour window was 11,259,726.6, with a notional turnover of $195,825.22. The price action showed a late morning breakout, followed by consolidation and a minor pullback.

The price formed a bullish breakout pattern above the 0.01748 resistance level in the early afternoon, confirmed by a sharp increase in volume. This was followed by a consolidation phase as the price pulled back into the 0.01731–0.01741 range. Notable support levels include 0.01726, 0.01731, and 0.01736, while key resistance is at 0.01748 and 0.01758. A morning doji near 0.01729 signaled indecision before the breakout, and the session closed with a small bearish candle on moderate volume.

MACD and RSI indicated strong momentum during the midday rally, with RSI reaching overbought territory above 65 before retreating to neutral levels by the close. Bollinger Bands expanded significantly following the breakout, suggesting increased volatility. The price closed just below the upper band, indicating a potential for retesting the 0.01748–0.01752 range. Volume was notably higher during the breakout but has since declined, which may signal a pause in buying pressure.

Fibonacci retracement levels from the morning low to the afternoon high suggest key levels at 0.01739 (38.2%), 0.01745 (50%), and 0.01751 (61.8%). The price has retested the 38.2% and 50% levels, with the 61.8% acting as a short-term ceiling. A move above 0.01758 would suggest a continuation of the bullish trend, but this would need confirmation on strong volume.

Backtest Hypothesis

The breakout from the 0.01748 level was confirmed by a large volume spike and a strong candle formation, suggesting the strategy of entering long near 0.01748 with a stop-loss at 0.01742 could have been viable. A take-profit target at 0.01758 aligns with the Fibonacci 61.8% level and key resistance on the daily chart. For a short-term bearish scenario, a break below 0.01731 would trigger a reversal strategy, targeting 0.01723 as a second-level stop. The backtesting would need to evaluate whether such entries, combined with strict stop-loss and take-profit levels, would have yielded a positive risk-reward ratio over a 48-hour period, factoring in slippage and transaction costs.