$REI /USDT is currently trading at $0.00596 (Rs1.67), showing an approximate pump of around 8% in the last 24 hours and has become today's top gainer. Sentiment appears bullish in the short term, as the price has clearly broken above all its major moving averages (7, 25, 99). Looking at the order book, seller pressure is over 64%, which could indicate distribution or profit booking after this pump. Immediate support is around $0.00579 (MA 7), while strong resistance is at $0.00633 (24h High). If this resistance breaks, the next target could be up to $0.00650.
However, keep in mind that the weekly and monthly charts are still deeply red, so whether this rally is sustainable or not, entry without confirmation could be risky. It would be better to trade with a tight stop-loss.
