In this REI Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for REI-USDT. REI Network (REI) is a decentralized ecosystem that enables the secure exchange of data and value between parties without intermediaries. Through its innovative blockchain technology, REI provides a platform for individuals and organizations to create, share, and monetize their digital assets in a trustless and censorship-resistant manner. By leveraging smart contracts and decentralized governance, REI Network (REI) enables the creation of a new economy that is more open, transparent, and secure than traditional systems.
REI Network Price Overview:
As of October 02, 2023, REI Network is trading at approximately 0.02411 USDT. Let’s dive into the detailed price action for REI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02427 |
| High (H) | 0.02467 |
| Low (L) | 0.02389 |
| Close (C) | 0.02411 |
| Volume (C) | 22,475,563.80 |
- Open (O): The opening price for today’s trading session was approximately 0.02427 USDT.
- High (H): REI Network reached a daily high of around 0.02467 USDT.
- Low (L): The daily low for REI-USDT was approximately 0.02389 USDT.
- Close (C): At the time of analysis, REI Network is trading near its daily close of 0.02411 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.66% |
| 3D Change (%) | -0.37% |
| 7D Change (%) | -1.27% |
| 30D Change (%) | 7.30% |
| 90D Change (%) | -0.21% |
| YTD Change (%) | 5.28% |
Over the past three days, REIUSDT has declined by approximately -0.37%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with REIUSDT maintaining an upward trend of approximately 7.30%, despite intermittent fluctuations. Examining the last 90 days, REIUSDT has witnessed substantial decrease of approximately -0.21%, reflecting strong long-term confidence. Year-to-date, REIUSDT has steadily appreciated by around 5.28%, 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 1.73569.
- Momentum score is 0.07299.
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 22,475,563.80 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 49.46556. 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.
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.
