In this REI Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for REI-USDT. REI Network is a decentralized platform that enables the creation and execution of smart contracts, providing a secure and transparent environment for various industries. Its native cryptocurrency, REI, serves as the primary medium of exchange within the network and allows for fast and secure transactions. With its innovative consensus algorithm and modular architecture, REI Network is poised to revolutionize the way businesses operate in the digital age.
REI Network Price Overview:
As of July 01, 2024, REI Network is trading at approximately 0.05655 USDT. Let’s dive into the detailed price action for REI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.06026 |
| High (H) | 0.06047 |
| Low (L) | 0.05565 |
| Close (C) | 0.05655 |
| Volume (C) | 42,166,358.60 |
- Open (O): The opening price for today’s trading session was approximately 0.06026 USDT.
- High (H): REI Network reached a daily high of around 0.06047 USDT.
- Low (L): The daily low for REI-USDT was approximately 0.05565 USDT.
- Close (C): At the time of analysis, REI Network is trading near its daily close of 0.05655 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -6.25% |
| 3D Change (%) | -3.17% |
| 7D Change (%) | 15.20% |
| 30D Change (%) | -26.35% |
| 90D Change (%) | -55.32% |
| YTD Change (%) | 73.95% |
Over the past three days, REIUSDT has decreased by approximately -3.17%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 15.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with REIUSDT maintaining a downward trend of approximately -26.35%, despite intermittent fluctuations. Examining the last 90 days, REIUSDT has witnessed substantial decrease of approximately -55.32%, reflecting strong long-term confidence. Year-to-date, REIUSDT has steadily appreciated by around 73.95%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
REI Network Live Chart:
You can access a live price chart for REI-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.19602.
- Momentum score is -0.13413.
REI USDT Technical Analysis
REI Network Trading Volume:
The trading volume for REI Network (REI) over the past 24 hours has been insignificant, with approximately 42,166,358.60 USDT traded against REI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): REI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): REI Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for REI-USDT is currently in the neutral zone, around 45.89623. This suggests that REI Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
REI Network (REI-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Understand REI Network’s (REIUSDT) growth potential at 5.65e-02 USDT with detailed bullish technical analysis, highlighting strong support and promising indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.