Recent Developments & Market Sentiment
Request Network (REQ) has been feeling some heat lately, with prices bouncing around the $0.105 to $0.107 mark—data that’s been verified through CoinGecko and CoinMarketCap. While we’ve seen some modest weekly gains of about 1–2%, the 24-hour picture isn’t quite as rosy, showing a slight dip. Trading volume is pretty quiet too, sitting at roughly $1.3–1.4 million over 24 hours, while the market cap hovers somewhere between $80–$90 million based on circulating supply.
The overall vibe? Pretty muted, to be honest. The wider crypto market is stuck in “Fear” mode, which isn’t exactly encouraging people to take chances on smaller altcoins like REQ. What’s particularly telling is that REQ is trading below its 200-day simple moving average—sitting around $0.124—which basically means the bulls haven’t shown up yet and any upward movement is going to face some serious headwinds. Making matters worse, some exchanges have delisted REQ perpetual futures, which has dried up liquidity and made price movements even more unpredictable.
Technical Indicators & Current Setup
Looking at the shorter 4-hour timeframe, REQ is flirting with oversold territory. The 4h Relative Strength Index (RSI) is sitting at about 32.4, which is just barely above the usual oversold line. The price is trading below both the 4h Simple Moving Average (around $0.10461) and the 4h Exponential Moving Average (roughly $0.10388), which tells us the bears are still in control. The MACD on the 4h chart shows a negative histogram—a weak sell signal—though the MACD and signal lines are getting closer together, hinting that the selling pressure might be running out of steam.
Daily pivot points paint an interesting picture. Support zones are clustered around $0.10073 (S1), $0.10027 (S2), and $0.09973 (S3), while resistance levels are waiting up near $0.10173 (R1), $0.10227 (R2), and $0.10273 (R3). The daily pivot point sitting around $0.10127 is going to be crucial—if we can get above it and stay there, buyers might gain some confidence. But if we can’t hold it, we’re probably headed back down to test those lower support levels.
Trend Assessment & Moving Average Confluence
REQ’s relationship with its shorter moving averages tells a mixed story. The 5- and 10-day moving averages are still sitting slightly above the current price, creating a bit of a ceiling. Meanwhile, the longer-term 20-day, 50-day, and 100-day averages are hovering close to or just above where we’re trading now, suggesting we’re stuck in consolidation mode rather than seeing any clear trend emerge.
That 200-day moving average way up above is acting like a big roadblock. Unless we see volume pick up and sentiment shift in a meaningful way, any attempts to climb toward that level are probably going to run into sellers waiting to unload.
Price Projection & Scenario Analysis
Based on everything we’re seeing, here’s how REQ/USDT might play out in the coming weeks:
- Bearish Base Case: If that daily pivot around $0.10127 keeps acting as a ceiling, REQ will probably drift down toward S1 at roughly $0.10073. Break below that, and we’re looking at S2 (around $0.10027) and potentially S3 (near $0.09973). Sure, those oversold 4h readings might spark some brief bounces, but without some real catalyst—whether that’s news, adoption, or a surge in volume—the path of least resistance seems to be down.
- Neutral Consolidation: There’s a good chance REQ just bounces around between the daily support and resistance bands—somewhere in the $0.1007 to $0.1027 range—for the next several days to a week. Traders might be sitting on their hands waiting for clearer signals. If the broader crypto market finds its footing, we could see this range tighten up around $0.1010 to $0.1020.
- Bullish Breakout Scenario: For REQ to really make a run, it needs to convincingly break above those moving averages (20-/50-/100-day) and the daily pivot—and it needs to do it with volume behind it. If that happens, we’d be looking at resistance targets around $0.104–$0.105 first, with longer-term gains potentially pushing toward $0.110–$0.115 if the momentum holds and market conditions cooperate.
As for timing, the short-term action will likely unfold over the next several 4-hour to daily candles. Medium term—think one to three weeks out—really depends on what happens with the broader market, whether liquidity improves, and if there are any project updates that could shake up sentiment.
