💡 Quick Technical Analysis:
✅ Impressive 17% Surge! REI has climbed from a low of $0.01664 to $0.02234 – a clear bullish reversal after a long consolidation phase.
✅ RSI Indicates Strong Momentum! At 83.09, RSI suggests buyers are in control, although slightly overbought – a short-term cooldown is possible but strength remains.
✅ MACD Turning Bullish! MACD lines have crossed above the signal line with green histograms rising – momentum is shifting upward.
✅ Volume Spike Detected! Over 93 million in volume supports the breakout – a strong confirmation that this move is backed by real market interest.
📊 Expected Scenario:
If REI breaks and holds above $0.02256, it could challenge resistance levels near $0.02555 and even move toward $0.02877.
If momentum stalls, watch for a pullback to the $0.02170 or $0.01912 zones – strong demand could re-enter there.
🔥 Pro Tips:
Momentum is your friend – but be ready for a possible short-term retracement due to overbought RSI.
Volume validates breakout – if it keeps rising, trend continuation is likely.
Set tight stops if entering late – profit booking could hit fast after a strong move.
Look for a retest of previous resistance as new support for a safer entry.
Is REI finally waking up from its slumber? Could this be the start of a bigger trend?
Share your thoughts – will REI hit $0.025+ next? #REI #Write2Earn
