$REI /USDT's price is currently 0.00587 USDT or Rs1.64, showing a noticeable decline of -2.33% over the last 24 hours. Market sentiment seems bearish at the moment, as the price has touched a recent low and selling pressure is more visible.
Strong support is at 0.00573 (24h Low), but if this breaks, the next support could also be seen around 0.00580. On the upside, immediate resistance is at 0.00593-0.00594, where MA(7) and MA(99) are positioned. If the price breaks this level, a bounce to 0.00600 is possible.
Looking at the order book, buying volume is slightly higher, but the spread is wide, indicating that volatility could be high. Volume is somewhat decent (~$837K USDT), but the trend is currently in favor of sellers.
Overall, REI is currently in a downtrend, so cautious trading is essential. If support holds, consolidation may occur; otherwise, further drops are also possible.
