Market Overview: REI Network/Tether (REIUSDT) 24-Hour Technical Summary

• REI/USDT declined by 0.83% over 24 hours, closing at $0.0172 with a low at $0.01704.
• A bearish breakout below a prior 15-minute support level at $0.01754 suggests increased selling pressure.
• Volume surged 4.6x in the last 4 hours as price hit a 15-hour low, confirming bearish momentum.
• RSI approached oversold territory, but divergence in price and momentum suggests limited near-term bounce potential.
• Volatility expanded significantly in the last 6 hours, with Bollinger Bands widening and price testing the lower band.

The REI Network/Tether (REIUSDT) pair opened at $0.01789 on 2025-09-18 12:00 ET and closed at $0.0172 on 2025-09-19 12:00 ET, marking a 0.83% decline. The 24-hour high was $0.01811, and the low hit $0.01704. Total traded volume reached 12,242,454.4 with a notional turnover of approximately $213,195.14. The price has shown a consistent bearish drift, with a key support level forming around $0.01704, now potentially at risk due to recent volume and price action.

Structure & Formations indicate a critical support at $0.01754, which has been broken in recent 15-minute candles, leading to a continuation of the downward move. A notable bearish engulfing pattern formed at $0.01755 on the 15-minute chart, signaling strong selling pressure. A potential 15-minute doji appeared near $0.01752, hinting at temporary indecision but not halting the downward trend.

Moving Averages on the 15-minute chart show a bearish crossover, with the 20-period MA below the 50-period MA. On the daily chart, the 50-period MA is approaching the 200-period MA, a sign of potential bearish consolidation. The price remains below both the 50 and 100-day MAs, reinforcing the bearish bias. The 100-day MA at $0.0179 is a key psychological level, and its breaching could signal a continuation of the trend.

RSI has moved into oversold territory at 26, but divergence is present in the last 2 hours — with price making a new low while RSI failed to do so — signaling a weak bearish signal. MACD remains in negative territory with a narrowing histogram, indicating that downward momentum is fading but not reversing. Bollinger Bands have widened significantly over the last 6 hours, with price now testing the lower band at $0.01704, indicating a potential rebound scenario if this level holds.

Volume and turnover data show a sharp increase starting from 2025-09-19 03:45 ET, with total volume spiking to over 789,209 at the time of a sharp sell-off to $0.01704. This volume confirms the bearish move but does not suggest exhaustion. Notional turnover has increased by over 3x compared to earlier in the day, reflecting growing participation in the sell-off. However, no clear divergence exists between price and volume, suggesting continuation is more likely than reversal.

Fibonacci retracement levels applied to the key 15-minute swing (from $0.01704 to $0.01789) indicate a 38.2% retracement at $0.01733 and a 61.8% at $0.01757. Price is currently near the 38.2% retracement level, which may serve as a short-term support or trigger a retest of the 61.8% level. Daily retracements from recent swings suggest a key psychological level at $0.0175, which has been retested multiple times and may provide a bounce catalyst.

Backtest Hypothesis
The backtesting strategy in focus is a “Breakout and Reversal on Oversold Divergence” setup. It combines a 15-minute candlestick breakout below a prior support level with an RSI divergence in the oversold zone. This combination is expected to yield high-probability entries for short-term bearish trades. REIUSDT has displayed both conditions — a break of $0.01754 and a bearish engulfing pattern — followed by RSI divergence in oversold territory. The strategy recommends entering a short position at the close of the breakout candle with a stop just above $0.01757 and a target at $0.01700. This setup, if successful, aligns well with current price behavior and offers risk-defined parameters. The recent volatility expansion also increases the likelihood of the strategy performing as expected.