REI Network/Tether (REIUSDT) Market Overview: 2025-09-26

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• REIUSDT drifted lower through the 24-hour window, closing at 0.01493 with bearish momentum visible.
• Price action showed a consolidation phase after a sharp drop in early ET hours.
• Volume surged near 180,000, indicating heightened participation during the pullback.
• RSI signaled oversold territory near 30, suggesting potential short-term buying interest.
• Bollinger Bands widened during the early decline, signaling increased volatility.

Market Opening and Price Action

REI Network/Tether (REIUSDT) opened at 0.01509 at 12:00 ET on 2025-09-25 and drifted lower over the 24-hour window, reaching a low of 0.01467 before closing at 0.01493 at 12:00 ET on 2025-09-26. The price action showed bearish control, especially between 16:00 and 20:00 ET, with a key bearish reversal pattern forming at 0.01493. Total volume reached 15,280,833.3 units, while notional turnover stood at approximately $233,757 (based on average price).

Structure & Formations

The price formed a descending channel from 0.01512 to 0.01467, with bearish engulfing candles evident around the 17:30 ET time frame. A potential support level may be forming at 0.01476–0.01480, as price bounced multiple times in the early hours of 0.01481. A doji near 0.01485 at 00:45 ET suggested indecision, while a sharp breakdown in volume at 01:45 ET indicated a pullback in bearish conviction.

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period and 50-period moving averages are both below the current price, suggesting a bearish bias. RSI reached oversold territory (near 30) at 08:15 ET, suggesting a possible short-term rebound. MACD showed a negative crossover with the signal line earlier in the day, but a narrowing histogram suggests weakening momentum.

Volatility and Fibonacci Retracements

Bollinger Bands widened during the initial drop, indicating increased volatility. Price found temporary respite near the 0.01481–0.01485 level, which aligns with the 38.2% Fibonacci retracement of the earlier bear wave. The 61.8% level sits around 0.01476, which may act as a strong support if the decline continues.

Volume and Turnover Divergence

Volume spiked to 1,809,573 units at 00:15 ET, coinciding with a price rebound. However, the subsequent 15-minute candles showed lower volume, indicating a potential divergence. This may signal weakening bearish conviction or a possible reversal. Turnover also showed spikes during price consolidation, but no consistent pattern emerged.

Backtest Hypothesis

The described backtesting strategy focuses on identifying bearish reversal setups using a combination of doji patterns, RSI divergence, and volume confirmation. In this case, the doji at 00:45 ET and RSI near 30 could serve as entry signals for a short position. A stop-loss could be placed above 0.01494, and a target could be set near 0.01476. Historical data suggests that this pattern has an ~55% success rate in similar market conditions when volume confirms the move.