REI Network 24-Hour Market Overview

• REIUSDT traded in a tight range with a bearish close near 0.0182 after an early session rally to 0.0194.
• A strong volume spike occurred around 20:15 ET as price surged 1.3% on high turnover.
• RSI remained in neutral territory, indicating balanced momentum but no clear overbought or oversold signals.
• Volatility expanded in the 15-minute chart, with price testing Bollinger Band edges multiple times.
• A 61.8% Fibonacci retracement level at 0.0186 appears to have provided short-term support during the late-night pullback.

REI Network (REIUSDT) opened at 0.01867 on 2025-08-01 12:00 ET and reached a high of 0.01944 before closing at 0.01819 on 2025-08-02 12:00 ET. Total volume was 120,428,705.5, with a notional turnover of approximately $2,239,332.

Structure & Formations

Price action displayed a bearish consolidation after a sharp 15-minute rally around 20:15 ET. A key support level emerged near 0.0182, with a 61.8% Fibonacci retracement level aligning with the 0.0186–0.0182 range. A doji formed near 0.01825 on 02:45 ET, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the early rally, forming a bullish signal that faded by 22:00 ET. Daily moving averages (50/100/200) remained bearish, with price closing below all three, suggesting a longer-term bearish bias.

MACD & RSI

The 15-minute MACD showed a positive divergence during the 20:00–20:30 ET rally, followed by a bearish crossover by 21:00 ET. RSI hovered between 40 and 55 for most of the session, indicating moderate momentum without overbought or oversold extremes.

Bollinger Bands

Volatility expanded in the early session, with price reaching the upper band at 0.0194. By 03:00 ET, the bands had contracted, indicating a potential range-bound setup. Price closed near the lower band, hinting at a possible rebound.

Volume & Turnover

Volume spiked at 20:15 ET when price surged on high turnover, confirming the move. However, volume declined sharply after 23:00 ET, suggesting a lack of conviction in the downward trend. No clear divergence was observed between price and volume.

Fibonacci Retracements

Applying Fibonacci to the 0.0186–0.0194 swing, the 61.8% level at 0.0186 and 38.2% at 0.0189 acted as key levels. Price bounced off the 61.8% level multiple times, suggesting it may hold as a short-term floor.

REIUSDT may test 0.0182 as a key support level in the next 24 hours, with potential for a rebound if bulls regain control. However, bearish momentum could persist if volume remains muted and price fails to break above 0.0185. Investors should monitor the 0.0186–0.0189 range for signs of a reversal or continuation.