Market Overview for REI Network/Tether (REIUSDT)

• Price declined from 0.01666 to 0.01541 with heavy bearish momentum in early trading
• Volatility spiked following a sharp 15-minute reversal on 2025-10-03 164500
• RSI showed oversold conditions in the final hours, hinting at potential rebound
• Bollinger Bands experienced a contraction before the price drop, followed by expansion
• Volume surged to 4.44 million on the 164500 candle, confirming bearish break

REI Network/Tether (REIUSDT) opened at 0.01606 on 2025-10-03 12:00 ET, rose to a high of 0.01668, fell to a low of 0.01541, and closed at 0.01541 on 2025-10-04 12:00 ET. The 24-hour volume amounted to 27,842,089.6, and the notional turnover was approximately $442,465. The price saw a volatile and bearish session, marked by a sharp drop from intraday highs.

Structure & Formations

The session was defined by a sharp bearish reversal following a brief bullish attempt in early trading. The candle on 2025-10-03 164500 showed a long upper wick and a small body, suggesting rejection of higher prices. This was followed by a series of bearish candles with declining lows, forming a bearish continuation pattern. A key support level appears around 0.01541, where the price consolidated at the end of the session. A potential resistance level remains near 0.01624, which was previously tested multiple times during the session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both dipped below key swing highs in the early hours and stayed bearish, confirming the downward bias. On the daily chart, the 50/100/200-day moving averages are not explicitly calculable due to the limited time frame, but the session’s close significantly below earlier moving averages suggests bearish momentum is intact. The 20 and 50-period lines may act as dynamic resistance levels in the next 24 hours.

MACD & RSI

MACD was bearish throughout the session, with the histogram collapsing during the sharp drop. The RSI fell into oversold territory (<30) in the final hours, raising the possibility of a short-term bounce. However, without a clear breakout above the 50-level, the bearish bias is likely to continue. A bullish crossover in the RSI from oversold conditions could signal a potential reversal, but this would need to be confirmed by price action and volume.

Bollinger Bands

Volatility spiked following the sharp bearish move from 0.01668 to 0.0158. The bands expanded significantly after the contraction seen just before the drop. Price closed near the lower band, suggesting it may find near-term support in the 0.01541–0.0156 range. A move back toward the upper band would require a strong reversal, but this would need to be supported by increasing volume and a positive divergence in RSI.

Volume & Turnover

The largest 15-minute volume occurred on the 164500 candle (4.44 million) and confirmed the bearish break. Volume remained elevated in the subsequent bearish candles, indicating conviction in the downward move. Notional turnover also increased during the drop, aligning with the bearish price action. A divergence between volume and price in the next session could signal a potential reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the intraday move from 0.01668 to 0.01541, key levels include 61.8% (0.01577) and 38.2% (0.01614). These levels have already seen partial retests during the session, particularly the 0.01577 level. The 0.01614 level may act as resistance in the short term if the price attempts a bounce. The daily move is not long enough to apply Fibonacci to longer-term trends, but the intraday move is meaningful for near-term guidance.

Backtest Hypothesis

Given the sharp bearish move and the confirmation by volume and MACD, a potential backtesting strategy could involve a short entry after a break of the 0.01624 resistance-turned-support level during the consolidation phase. A stop-loss could be placed above the 0.01650 level, with a take-profit target at the 0.01541 support level. This approach assumes the bearish momentum will continue unless a strong bullish divergence in RSI or a breakout above the 0.01624 resistance occurs. A daily time frame with 15-minute confirmation would be ideal for this strategy.