REQ MARKET STRUCTURE UPDATE
I'm tracking $REQ closely as volume expands, with a 24h change of 35.48% indicating strong bullish momentum. The current price of $0.08630 is hovering near the mid-range VWAP of $0.08335, which could act as a support zone if the price were to pull back. It's worth noting that $REQ's funding rates are relatively neutral, which shouldn't impact its potential shift in market structure.
Given the bearish market sentiment, $REQ's 24h change is a notable outlier, and its volume profile suggests a significant increase in buying pressure, with a 24h volume of $5.17M. A retest of the resistance zone of ~$0.10308 could be on the cards if $REQ's price continues to hold above the support zone of ~$0.06342.
The order blocks and liquidity pools around the $0.08335 mid-range suggest that $REQ's price may consolidate before making its next move, with a potential target of $0.10360 if it breaks out cleanly.
$REQ