$REQ /USDT Technical Market Overview
The REQ/USDT trading pair is currently priced at $0.1517, reflecting a modest +0.26% gain over the last 24 hours. Market activity suggests mild bullish sentiment, with price action oscillating between a 24h high of $0.1534 and a 24h low of $0.1490.
Volume Analysis
Trading volume stands at 6.47M REQ (equivalent to approximately $977,505 USDT), indicating steady market participation but without signs of an aggressive breakout. The volume profile suggests balanced activity between buyers and sellers, with no extreme spikes that typically signal institutional accumulation or heavy distribution.
Price Action & Candlestick Patterns
On the short-term chart, the candlesticks display alternating green and red bodies, reflecting intraday consolidation within a narrow range. Buyers have successfully defended the $0.1490 support level, while sellers are showing resistance at the $0.1534 zone. A clean breakout above $0.1535 could open the path toward the next resistance level near $0.1570, whereas a drop below $0.1490 might invite retests of the $0.1465 area.
Trend & Sentiment
The market is currently trading in a sideways to mildly bullish structure, with higher lows forming on lower timeframes. While momentum indicators on shorter intervals lean toward bullish continuation, the lack of significant volume confirms that the market remains cautious.
Key Levels to Watch
Immediate Resistance: $0.1534
Immediate Support: $0.1490
Bullish Target: $0.1570
Bearish Target: $0.1465
Outlook
If buyers sustain the price above $0.1500 and break the $0.1535 resistance with increased volume, REQ could see a short-term bullish run. Conversely, failure to hold above the $0.1490 support may shift momentum in favor of sellers. Traders are advised to monitor volume spikes for confirmation before committing to large positions.
$REQ #req