REI Network/Tether Market Overview

• REIUSDT rose from 0.01468 to 0.01549, a 5.5% increase, supported by strong volume in late trading.
• Price broke above a bullish engulfing pattern at 0.01505, confirming upward momentum.
• RSI crossed 50, indicating a shift in short-term sentiment toward buying pressure.
• Volatility expanded as price moved from tight Bollinger Band compression to upper band breakout.
• Turnover surged to $377,760.8 at the 12:00 ET peak, indicating strong accumulation interest.

The REI Network/Tether pair (REIUSDT) opened at 0.01468 on 2025-09-30 12:00 ET and closed at 0.01549 by 2025-10-01 12:00 ET, reaching a high of 0.01562 and a low of 0.0146. Total 24-hour trading volume was 10,870,472.2, with total turnover reaching $165,872.9. The price action reflected a strong upward bias in the final hours of the 24-hour period, with volume clustering around key resistance levels.

Structure & Formations

Price exhibited a series of ascending triangles and bullish engulfing patterns in the late afternoon and evening hours, particularly around 20:00–21:00 ET. A key support level formed at 0.01495, which held during early retracements, suggesting strong institutional interest. A notable 15-minute doji occurred at 03:00 ET, indicating indecision but not a reversal, as prices resumed the upward trend shortly after.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bullish crossover by early morning, reinforcing the upward trend. The daily chart showed the 50-period and 100-period EMAs converging at 0.01505, suggesting potential consolidation ahead if the pair fails to break above 0.0156. The 200-period MA remains a key long-term reference, currently sitting at 0.01498.

MACD & RSI

MACD turned positive in the early morning hours and maintained a bullish crossover throughout the session, with the histogram showing increasing divergence between price and momentum in the final hours. RSI climbed from 47 at open to 58 at close, indicating a moderate bullish momentum buildup. A close above 60 would suggest overbought conditions and the possibility of a short-term pullback.

Bollinger Bands

Price spent much of the session within the upper half of the Bollinger Bands, with volatility expanding after 02:00 ET. A strong break above the 20-period upper band occurred at 08:45 ET, signaling a potential continuation of the upward move. The 15-minute chart showed a reversion to the mean at 03:00 ET but failed to sustain the move, indicating buyers had control.

Volume & Turnover

Volume surged in the early morning hours, with a 15-minute bar at 08:45 ET showing 615,982.3 volume, the highest of the session. Notional turnover was also concentrated in this period, suggesting strong institutional participation. A divergence was noted at 03:00 ET between rising volume and a minor price retracement, indicating short-term accumulation activity.

Fibonacci Retracements

Applying Fibonacci to the 0.0146–0.01562 swing on the 15-minute chart, key levels include 0.01498 (38.2%), 0.01521 (50%), and 0.01541 (61.8%). Price closed just above the 61.8% level, suggesting the move is still within a healthy bullish range. On the daily chart, the 61.8% retracement of the previous week’s downtrend aligns with 0.01545, offering near-term resistance.

Backtest Hypothesis

A potential backtest strategy could involve a long entry on a bullish engulfing pattern confirmation, paired with a break above the 20-period EMA on the 15-minute chart. A stop-loss could be placed below the 0.01495 support level, while a take-profit target could aim for the 61.8% Fibonacci level at 0.01541. This setup would align with the observed volume spikes and RSI momentum, offering a defined risk-reward ratio for short-term traders.