REI Network Price Prediction: 2024, 2025, 2030

REI price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart showed that the REI price floor was established at $0.021.
• Additionally, the highest possible resistance for REI is anticipated to be around $0.357.

2. Market sentiment

• The overall market sentiment is seen to be bullish in April 2024.

3. Predictive forecasts

• Based on the token’s current market state, REI will likely touch $0.65 by 2030 and $1.94 by 2040.

Take a detailed look at a comprehensive weekly technical analysis of REI, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

REI technical analysis: Strong pullback approaches post-touching ATH

The REI Network price prediction for 2024 takes into account the cryptocurrency's performance from April 2023 to April 2024, examining market trends, investor sentiment, and key technical levels that influenced its valuation.

The analysis period commenced with REI's value positioned comfortably above the $0.031 level. However, by mid-April 2023, the market dynamics shifted, initiating a pronounced downtrend. 

This negative momentum significantly impacted REI, driving its value down past various support levels until it finally settled below the $0.021 mark in June. This low represented the weakest point for REI during this period, setting a new challenge for the asset.

REI's price remained largely stagnant from June to September, hovering around the $0.021 level as the market appeared indecisive. Investors and traders were seemingly in a state of evaluation at this point, weighing the potential future trajectory of the token.

A change in sentiment was observed starting in October, signaling a reversal from the previous downtrend. A bullish rally ensued, which gradually pushed REI's value back up, eventually surpassing the initial $0.031 level by the end of 2023. 

As the new year began, REI experienced some volatility, briefly dipping below the $0.031 mark in January. Nonetheless, this downturn was short-lived. By February, a significant bullish momentum took over, propelling REI's value to new heights. 

The token surged past the intermediate resistance levels, reaching an impressive $0.095 and eventually peaking at the highest resistance point of $0.113 by March. Furthermore, the token went on to create an all-time high (ATH) value of $0.357.

However, as April 2024 approached, the market began to correct from these highs. Corrective forces led to a decrease in REI's value, dipping below the $0.095 level. Despite this pullback, the token managed a slight recovery, trading at $0.097 at the time of writing, suggesting a retracement from its peak.

REI’s recent bullish performance might have stemmed from its new partnership with OpenTaskAI, TRAM Connect, and Scarcity. This partnership attracted investor interest and led to the token’s value pumping by 120% within 24 hours of the announcement. Additionally, REI witnessed a 38% appreciation in price within the past week, according to CoinMarketCap. 

If the bulls manage to portray resilience, the token may retouch its benchmark resistance level at $0.133 within the next few weeks. Additionally, REI may even reclaim its ATH at $0.357 in the upcoming months.

However, given past market conditions, if the bears take over, the altcoin’s value may plummet until it touches the $0.095 mark within the upcoming weeks. A persistent bearish rally can even lead to prices dipping further, touching the $0.031 level within the next few months.

Looking ahead, the future of REI seems to be optimistic. Based on the token’s performance, REI may break past the $0.50 psychological mark and keep surging higher to reach $0.65 by 2030. If this token brings forth newer developments and expands its use cases, more investors might pool in to invest in it. As a result, REI may also touch $1.94 by 2040.

REI's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained significantly lower for most of 2023. However, a minor surge in trading volume was observed during May, July, September, and October.
• There was a notable rise in volume from February, coinciding with the price increase. This showcased the highest spike as the token hit its ATH value. It also dipped at the time of writing but did not fall to its previous lows.
• The Moving Average Convergence Divergence (MACD) line stayed above the signal line until April, after which the MACD line plunged below the signal line. However, the MACD line recovered in July, going above the signal line again. The MACD and signal line remained below the neutral line until November 2023.
• At the time of writing, the MACD line (0.02053) was way above the signal line (0.01545) and the neutral line. This suggested a strong and sustained bullish momentum.
• The On-Balance Volume (OBV) showcased a constant and significant upward trajectory throughout the analysis period. 
• The OBV stood at 14.838 billion during press time, mirroring the trading volume movement. This further confirmed that there was a significant buying interest among investors.