🚨 $REQ | Post-Spike Analysis
Price: $0.1062 | +52.59%
24h Range: $0.0694 – $0.1800
Vol: $18.36M USDT
⭕TECHNICAL PICTURE:
$REQ spiked from $0.0694 to $0.1800 before retracing hard to current levels. Classic liquidity-driven move. Price is now below all three EMAs which have flipped to resistance:
EMA(9): $0.1093 | EMA(21): $0.1127 | EMA(50): $0.1151
Bias is bearish short-term until EMA(9) is reclaimed on a clean close. RSI at 37.88 nearing oversold, a bounce is possible from here.
⭕KEY LEVELS:
Support: $0.0882 -> $0.0694
Resistance: $0.1093 -> $0.1151
⭕FUNDAMENTALS:
Request Network is a decentralized payment protocol with cross-chain invoicing, monthly token burns, and a 2026 roadmap focused on privacy payments and cross-chain expansion.
Solid utility play, currently sitting 91% below ATH of $1.19.
7D: +56.87% | 30D: +60.18%
Not financial advice. DYOR.
#REQUSDT #RequestNetwork #CryptoAnalysis #BinanceSquare
