In this Request technical analysis, we will examine the current price action, trading volume, key levels and indicators for REQ-BTC. Sure, here are three sentences about Request (REQ) cryptocurrency: Request (REQ) is a decentralized platform that enables users to request and fulfill various tasks and services, all powered by the blockchain. With REQ, individuals can offer their skills and expertise to others in exchange for cryptocurrency rewards, creating a global marketplace for services and tasks. By leveraging smart contracts and decentralized governance, Request aims to provide a secure, transparent, and censorship-resistant platform for users to interact and exchange value.
Request Price Overview:
As of October 03, 2023, Request is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for REQ-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 472,424.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Request reached a daily high of around 0.0 BTC.
- Low (L): The daily low for REQ-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Request is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.53% |
| 3D Change (%) | -3.35% |
| 7D Change (%) | -2.53% |
| 30D Change (%) | -6.48% |
| 90D Change (%) | -9.06% |
| YTD Change (%) | -54.88% |
Over the past three days, REQBTC has dropped by approximately -3.35%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.53%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with REQBTC maintaining a downward trend of approximately -6.48%, despite intermittent fluctuations. Examining the last 90 days, REQBTC has witnessed substantial drop of approximately -9.06%, reflecting strong long-term confidence. Year-to-date, REQBTC has steadily dropped by around -54.88%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Request Live Chart:
You can access a live price chart for REQ-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.23518.
- Momentum score is -0.06478.
REQ BTC Technical Analysis
Request Trading Volume:
The trading volume for Request (REQ) over the past 24 hours has been significant, with approximately 472,424.00 BTC traded against REQ. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): REQ is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Request is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for REQ-BTC is currently in the low zone, around 40.55288. This suggests that Request is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Request (REQ-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
