Market Overview for REI Network/Tether (REIUSDT)

• Price surged from $0.01685 to $0.01797, reflecting strong bullish momentum.
• RSI and MACD signaled overbought conditions and confirmed a bullish trend.
• Volatility expanded significantly, with Bollinger Bands widening after early consolidation.
• Volume surged during the upward leg, especially in the 2-6 AM ET timeframe.
• Key resistance appears at $0.01797, with potential retests expected ahead.

24-Hour Open, High, Low, and Close

At 12:00 ET–1, REIUSDT opened at $0.01688, reached a high of $0.0181, a low of $0.01678, and closed at $0.01797 at 12:00 ET. The 24-hour trading volume was 5,958,590.2 units, with a notional turnover of $106,859.22, indicating strong participation.

Structure & Formations

The 24-hour candlestick pattern reveals a strong bullish impulse, with a rising wedge forming in the early part of the day before a decisive breakout. A bullish engulfing pattern occurred around 03:30 ET as price surged from $0.01802 to $0.01805, confirming a shift in sentiment. A bearish rejection at $0.01816 in the early morning suggests caution near $0.0181–$0.0182. Key support levels include $0.01776, $0.01763, and $0.01742, while $0.01797 acts as the most recent resistance.

Moving Averages, MACD, and RSI

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, confirming a bullish bias. The MACD histogram expanded positively, indicating rising momentum. RSI reached 76–78 around 03:00–04:00 ET, signaling overbought conditions, although it has since pulled back to 65–68, suggesting ongoing buying pressure. On the daily chart, the 200-period MA appears to be in bullish alignment, suggesting a continuation of the trend is likely.

Bollinger Bands and Fibonacci Retracements

Volatility expanded significantly from 03:00 to 06:00 ET as the price moved above the upper Bollinger Band, breaking the $0.01805 level. The 23.6% and 38.2% Fibonacci retracement levels were tested and rejected, confirming that the upward move is more than a corrective bounce. The 61.8% level at $0.01776 acted as a key support, reinforcing that the 15-minute swing was a genuine bullish move.

Volume and Turnover Insights

Volume surged dramatically in the 02:45–03:30 ET window, with a massive $0.0181 high driven by 3.02 million units traded. This coincided with a notional turnover spike of $53,886.49, signaling strong conviction. A volume divergence occurred near $0.01816 when the price declined but volume stayed elevated, suggesting increased distribution pressure. Traders should monitor the $0.0179–$0.0181 zone for volume confirmation during any retracements.

Forward Outlook and Risk

Looking ahead, price may consolidate within the $0.01776–$0.0181 range before breaking out. A retest of $0.01797 is likely, with a potential breakout to $0.0181–$0.0182 if volume remains strong. However, a pullback to $0.0176 could rekindle bearish momentum if RSI fails to hold above 50.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when the 15-minute MACD line crosses above the signal line and the price breaks above the 20-period EMA, with a stop-loss placed below the 38.2% Fibonacci level of the most recent bullish swing. The strategy would close the position on a 5% trailing stop or when RSI exceeds 80 and fails to break back above 60. Given the recent behavior of REIUSDT, the setup suggests high probability and risk-reward balance, with a focus on volatility confirmation through volume and Bollinger Band width.