REQ MARKET STRUCTURE UPDATE TODAY
I'm tracking $REQ closely as it's currently trading near the resistance zone of ~$0.09263, with a 24h change of 34.97% indicating a strong bullish momentum. The volume profile suggests a significant increase in buying pressure, with a 24h volume of $2.33M. $REQ's funding rates are relatively neutral, which could indicate a potential shift in market structure, and I'm watching for a potential long entry above $0.09263, with a target of $0.10000, representing a 7.8% upside.
It's worth noting that $REQ has already broken out of its mid range of $0.07810, and a clean breakout above $0.09263 shouldn't be ruled out, given its current price of $0.09070 and a 24h high of $0.09310.
$REQ's market structure shift is also evident in its order blocks, which are forming near the support zone of ~$0.06342, indicating a potential buying opportunity if the price were to retest this level.
$REQ