- The REI Network price is coiling within a descending triangle zone, holding above $0.0173–$0.0180 demand support after multiple successful defense attempts.
- Lower timeframes show momentum testing $0.02024, with breakout targets at $0.0265 and $0.0318 and an extended range of $0.0335–$0.0350.
- On the daily chart, REI has respected an ascending trendline since late June, maintaining higher lows and steady buyer activity during August trading
REI Network (REI) is consolidating tightly on lower timeframes, holding above a crucial demand zone while showing early signs of bullish momentum. Market watchers are monitoring for a potential breakout move.
Tight Price Compression Signals Potential Move
According to Crypto Candy, $REI is trading inside a descending triangle breakout zone on the 8-hour chart, hugging demand support between $0.0173 and $0.0180. Price has tested this base several times without breaking, indicating steady buying interest.
The structure resembles a spring being wound, with pressure building against the upper trendline. On lower timeframes, momentum is attempting to push past $0.02024, the first key breakout trigger for short-term sentiment shift.
A clean move above $0.02024 could accelerate the price toward $0.0265, followed by $0.0318. If volume increases, upside projections extend to $0.0335–$0.0350, potentially placing REI among the day’s top gainers. Failure to hold above $0.0173 would invalidate this setup.
Daily Chart Shows Buyers Defending Structure
The REI/USDT daily chart shows price respecting an ascending trendline that has acted as dynamic support since late June. Every dip to this line has been met with renewed buying, signaling consistent defense from bulls.
Recent candles have formed higher lows, with August volume spikes suggesting growing interest, though sustained follow-through has yet to develop. As of writing, the price stands at 0.01782, which is slightly above the crucial support line.
Continuing in this path keeps interest near the resistance currently located at the range of $0.0200 and $0.0220. A breakout above this could open room toward $0.0260. Conversely, a breakdown below the ascending trendline could invite a retest of $0.0160.
