REQ Coin Weekly Analysis And Price Prediction

This article will analyze the REQ coin according to www.coinmarketcap.com data. First, we will discuss the REQ coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is REQ Coin?

Request (REQ) is an Ethereum-based cryptocurrency and a decentralized platform that aims to facilitate payments and financial transactions on the blockchain. It seeks to provide a secure and efficient way to transfer value globally, focusing on enabling the exchange of digital assets and traditional currencies.

What are the projects of REQ?

Projects related to REQ Coin include:

Request Core: This is the primary project of Request and serves as an open-source platform for developers to build and deploy decentralized applications (dApps) and smart contracts for financial transactions.

Request Protocol: The protocol enables the creation and execution of financial transactions through smart contracts, ensuring transparency, traceability, and auditability.

Request Fund: The Request Fund is a grant program initiated by the Request team. It provides financial support to innovative projects and developers building on the Request platform.

Factors Influencing REQ Price

Regarding factors influencing the price of REQ Coin, cryptocurrency prices can be affected by several factors, including:

Overall Market Sentiment: Cryptocurrencies, including REQ Coin, are influenced by the general sentiment in the cryptocurrency market. Regulatory developments, news events, and market trends can impact investor sentiment and price.

Adoption and Use Case: The level of adoption and real-world use cases for REQ Coin can impact its price. Increased adoption by individuals, businesses, or institutions can create demand for cryptocurrency, potentially driving the price up.

Technology and Development: The progress and development of the Request platform and any technological advancements or updates can influence investor confidence and affect the price.

Competition: The presence of competing projects or cryptocurrencies offering similar functionalities may affect the price of REQ Coin. Investors often consider a cryptocurrency’s competitive landscape and unique features before making investment decisions.

Market Liquidity: The liquidity of REQ Coin on exchanges can also influence its price. Higher trading volumes and increased liquidity make buying and selling REQ Coin easier, potentially affecting its price stability.

Remember that the cryptocurrency market is highly volatile and subject to rapid changes. It is crucial to conduct thorough research and stay updated with the latest information from reliable sources before making any investment decisions.

REQ COİN TECHNICAL ANALYSIS

After seeing its historical high of $ 1.0990 in November 2021, REQ dropped 93% by November 2022, down to $ 0.0748. Although it went up to $ 0.1295 with the purchases in the market in February 2023, it is currently trading at $ 0.0888. According to www.coinmarketcap.com data, REQ, which has a size of $88,952,526, has had a volume of $651,374 in the last twenty-four hours.

REQ Chart Analysis

REQ coin fell 93% between November 2021-2022, from $ 1.0990 to $ 0.0748. REQ, which rose to $0.1295 with the buy-side movement in the market in February 2023, could not maintain this rise and is currently traded at $ 0.0888. When we examine the weekly chart, we see that the REQ coin has been pulled up to the support of $0.0810, and the reaction has risen from here. This week’s support zone for the REQ coin is $0.0810; The resistance zone is $0.1015.

This article does not certain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.