$REI has experienced a significant decline of 3.812% in the last 24 hours, reflecting a broader downtrend.
The price oscillated between a high of 0.01814 and a low of 0.01736, testing the lower Bollinger Band at 0.01736.
The current support level remains crucial, with resistance at 0.01788 indicating potential price ceilings.
Macroeconomic factors, such as inflation and regulatory updates, may further weigh on sentiment, particularly as Bitcoin's influence on altcoins remains undefined.
Traders should consider a short-term approach given the current volatility and bearish trend.
Key takeaway: Monitoring external macroeconomic conditions will be essential for forecasting REI's movements in this uncertain environment.
