Market Overview for REI Network/Tether (REIUSDT)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Dec 9, 2025 9:35 pm ET1min read
Speaker 1
Speaker 2
AI Podcast:Your News, Now Playing
USDT
--
REI
--
Aime RobotAime Summary

- REIUSDT formed a bearish engulfing pattern and surged 500% in volume during 12/8-9, reflecting heightened volatility.

- RSI signaled overbought conditions during morning rallies while Bollinger Bands contracted before a $0.00651 breakout.

- Sharp volume spikes coincided with price-volume divergence, as $0.00600 psychological level faces potential testing amid elevated risk.

- Fibonacci retracements showed temporary support at 61.8% and 38.2% levels before continued downward pressure emerged.

Summary
• Price formed a bearish engulfing pattern during the early hours of the 24-hour period.
• Volatility spiked mid-day with a high of $0.00651 and a 500% surge in volume.
• RSI signaled overbought conditions during the late morning rebound.
• Bollinger Bands showed a sharp contraction before the price breakout.

Market Overview

REI Network/Tether (REIUSDT) opened at $0.00609 on 2025-12-08 at 12:00 ET, reached a high of $0.00653, a low of $0.00574, and closed at $0.00596 on 2025-12-09 at 12:00 ET. Total volume for the 24-hour period was approximately 64,571,979.10 REI, with notional turnover (volume × price) around $386,109.

Structure & Formations


The 5-minute candlestick chart showed a bearish engulfing pattern forming between 19:45 and 20:00 ET, indicating potential downward momentum. Later, a bullish reversal emerged from 06:00 to 07:45 ET as price moved from a low of $0.00595 to $0.00618. A strong bearish divergence between price and volume emerged after 13:00 ET, as price declined despite rising volume.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages diverged significantly, with price breaking above the 50SMA twice during the day. On the daily chart, price remains below the 50, 100, and 200-period MAs, suggesting short-term bearish bias.

MACD & RSI


The MACD crossed into positive territory twice during the day, aligning with bullish price moves, but failed to sustain the momentum. RSI peaked above 65 during the morning rally, signaling overbought conditions, and later dipped below 30 in the late afternoon, suggesting oversold conditions.

Bollinger Bands


Bollinger Bands experienced a sharp contraction around 10:00 ET, followed by a breakout to the upper band at $0.00651, marking one of the largest moves of the day.
. The price then collapsed back toward the lower band by late afternoon, reflecting high volatility.

Volume & Turnover


A sharp spike in volume occurred between 10:00 and 13:30 ET, with the 10:15 ET candle alone accounting for nearly 22 million REI traded. Notional turnover surged to $65,749 in that session, the highest of the 24-hour period. Price and turnover diverged between 16:00 and 17:00 ET, with rising volume failing to confirm a bullish close.

Fibonacci Retracements


Applying Fibonacci retracements to the key 5-minute swing from $0.00574 to $0.00651, price found temporary support at the 61.8% level ($0.00613) and again at the 38.2% level ($0.00603) before continuing lower. The daily chart retraced to the 61.8% level from the prior high without confirming a reversal.

The market may continue consolidating in the near term, with the possibility of a test of the $0.00600 psychological level. However, the risk of another sharp move remains elevated given the recent volatility. Investors should monitor volume and RSI behavior for signs of exhaustion or reversal in the coming 24 hours.