📈 REQ (Request Network) Daily Chart Analysis – Momentum Builds Toward Breakout

Current Price: $0.1579 (+~1.6%)

🕰️ Daily Range: Low: $0.1537 – High: $0.1594

🔍 Key Technical Insights:
🔹 Trend & Price Action:

REQ has rallied significantly, pushing through prior resistance around $0.13–$0.14.

The strong bullish candle and expanding Bollinger Bands indicate rising volatility and bullish momentum.

Price is trading well above the 50-day SMA and VWAP, suggesting a confirmed uptrend.

🔹 Moving Averages:

✅ Bullish – All major SMAs (5, 10, 20, 50) are trending upward.

🔹 Momentum Indicators:

RSI (Daily): 80.6 → Overbought, but momentum remains strong.

MACD: Bullish crossover confirms the uptrend continuation.

ADX: Bullish crossover – confirms trend strength.

MFI: Overbought – some short-term profit-taking is possible.

VWAP: Price remains above – institutional support.

📉 Key Levels:

Resistance: $0.16 (immediate), $0.175, $0.20

Support: $0.145, $0.135, $0.120

⚠️ Outlook & Strategy:
Bullish Scenario: Sustained close above $0.16 may trigger another leg up to $0.175 and $0.20.

Bearish Risk: If bulls fail to hold $0.145–$0.135, a retest of $0.120 support is possible.

🔔 Final Thoughts:

REQ is gaining strong momentum with increasing volume and bullish indicators aligning. However, with RSI and MFI both in overbought territory, short-term pullbacks are healthy. Watch the $0.16 level closely for a decisive breakout.

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