REI Network Price Tightly Consolidates Before Potential Breakout

The REI Network price is exhibiting tight consolidation within a descending triangle pattern, hovering above crucial demand support between $0.0173 and $0.0180 following multiple successful defense attempts. Momentum is currently testing the resistance level at $0.02024, with breakout targets of $0.0265 and $0.0318, and an extended range of $0.0335–$0.0350 if momentum builds further. 8-hour timeframe data reveals a tight price compression signal, hinting at potential movement. A clean breakout above this level would propel REI’s price towards the previously discussed targets, with significant upside potential. Market analysts are closely monitoring for this breakout as it could indicate a major shift in the short-term sentiment of the market. 0.02024 is key to watch, acting as the first breakout trigger before larger movement is expected.