Will REI Network (#REI) Hold Its Ground or Take a Plunge?

Yello, Paradisers! Have you been keeping an eye on REINetwork (#REI)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details. 💎#REIUSDT has been trading within a falling wedge pattern on the 1D timeframe. We've previously observed a failed breakout, which reinforces a bearish bias. Currently, #REINetwork is retesting the falling wedge's lower support level, and there is a possibility that it might drop further. 💎The diminishing trading volume and the POC of VRVP acting as resistance increase the chances of a further drop. If #REI fails to hold the support at the falling wedge's lower boundary, it's likely to retest the Bullish Order Block (OB) around $0.447. 💎However, if AMEX:REI fails to hold at $0.447, the next support level to watch is at $0.325. This area is packed with liquidity and can create a good chance of a pullback if tested. 💎On the contrary, if the falling wedge's lower support level holds well, we could see the bulls taking control, leading to a bullish rally. The overall market sentiment and Bitcoin's movement will significantly influence #REI's price action, so keep a close eye on these factors. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴