REI Network/Tether Market Overview (2025-11-10)

Summary
• REIUSDT surged above $0.01087 but pulled back near 0.01075–0.01085 consolidation.
• Volume spiked at 0.01086–0.01105, suggesting buying pressure at higher levels.
• RSI shows no overbought/oversold extremes, with momentum trending mixed.
• Bollinger Bands indicate moderate volatility with price near the midband.
• Fibonacci levels suggest key support at ~0.01075 and resistance at ~0.01090.

REI Network/Tether (REIUSDT) opened at 0.01082 at 12:00 ET–1 and reached a high of 0.01106 before settling at 0.01059 by 12:00 ET. Total volume for the 24-hour window was 5,547,090.6, and notional turnover amounted to approximately $58,465.78. The price showed choppy but defined directionality within a narrow intraday range, suggesting mixed short-term sentiment.

Structure & Formations

REIUSDT appears to be consolidating within a key range of 0.01075 to 0.01090. A notable bullish engulfing pattern formed around 2025-11-10 024500, which briefly pushed prices past 0.01103. Conversely, a bearish harami pattern was visible near 0.01105, signaling indecision. A potential support level is forming at 0.01075, while 0.01087 serves as a short-term resistance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, suggesting a balanced market. The 50-period line is slightly above the current price. On the daily chart, the 50, 100, and 200-period moving averages are relatively flat, indicating a sideways trend. The price is trading just below the 200-day MA, suggesting potential for a near-term reversal if it breaks above the 0.01087 level.

MACD & RSI

The MACD line is positive but flat, showing weak momentum. The histogram is narrowing, indicating a potential pullback. The RSI remains in the mid-range (45–55), showing no clear overbought or oversold conditions. This suggests that the market is in a state of equilibrium, with no strong directional bias at this time.

Bollinger Bands

The price is currently within the Bollinger Band range, with volatility at moderate levels. The upper band has hovered around 0.01105, while the lower band sits near 0.01075. Prices spent significant time near the midband, suggesting balanced buying and selling pressure. A breakout above the upper band could signal renewed bullish momentum.

Volume & Turnover

Volume increased significantly at the 0.01086–0.01105 level, indicating strong participation at higher prices. Notional turnover also increased during this period, showing that higher prices were supported by meaningful trade. A divergence between volume and price occurred during the pullback to 0.01075, suggesting potential weakness. However, the strong volume at key resistance levels implies that buyers remain active.

Fibonacci Retracements

Using the recent high at 0.01106 and the low at 0.01075, Fibonacci retracements suggest key levels at 38.2% (0.01089), 50% (0.010905), and 61.8% (0.010915). These levels align with observed price action, suggesting that the market is responding to well-known technical levels. The 61.8% level appears to be a critical area of resistance.

Backtest Hypothesis

The event-impact back-test relies on a clear, continuous price series to assess the influence of specific market events on price movement. Given the observed consolidation and key Fibonacci levels, a potential strategy could involve entering long positions at 0.01075 with a target at 0.01090, using volume and RSI as confirmation signals. To run the backtest, we need to confirm the correct ticker symbol format (e.g., “BINANCE:REIUSDT”) or proceed with the manually provided close prices from the reiusdt_tech.json file. This will allow us to apply the event-impact model to validate this setup with historical data.