REQ MARKET STRUCTURE ANALYSIS TODAY
It's a notable session for $REQ as it's currently trading near the resistance zone of ~$0.10607, with a 24h change of 54.29% indicating strong bullish momentum. The volume profile suggests a significant increase in buying pressure, with a 24h volume of $6.47M. I'm watching for a potential test of the mid-range VWAP of $0.08500, which could act as a support zone if the price were to pull back. $REQ's current price of $0.09890 is hovering near the upper end of the range, and a clean breakout above $0.10607 could see $REQ targeting $0.12000, a 21.2% increase from current levels.
$REQ's funding rates are relatively neutral, which shouldn't impact its potential shift in market structure. With $REQ being one of the top gainers today, it's likely that the bullish momentum will continue, and I'm looking for a potential entry near the support zone of ~$0.06372, which could offer a 35.6% upside potential to the resistance zone.
$REQ