Latest Request (REQ) Price Analysis

By CMC AI
24 February 2026 11:03AM (UTC+0)

Why is REQ’s price down today? (24/02/2026)

TLDR

Request is down 3.53% to $0.0615 in 24h, closely tracking a broader crypto market sell-off primarily driven by sustained institutional outflows and macro uncertainty. It moved in lockstep with Bitcoin, which fell 4.59%, indicating high beta to the dominant market trend.

  1. Primary reason: Broader market pressure from persistent Bitcoin ETF outflows and tariff-related macro fears, which dragged down altcoins like REQ.

  2. Secondary reasons: No clear secondary driver was visible in the provided data; the move appears consistent with beta-driven flow.

  3. Near-term market outlook: If Bitcoin holds above the critical $60,000 support, REQ could stabilize near $0.06; a break below risks a drop toward $0.055. Watch for a shift in ETF flows as the key trigger.

Deep Dive

1. High Beta to a Weakening Market

Request’s decline mirrors a broader risk-off move in crypto. Bitcoin ETFs have seen six consecutive weeks of outflows, the longest streak since their launch, signaling reduced institutional demand (CoinShares). Concurrently, renewed global tariff announcements have heightened macro uncertainty, pressuring risk assets. As a smaller altcoin, REQ exhibits high beta, meaning it amplifies the direction of the larger market.

What it means: REQ’s price action is currently more a function of overall crypto sentiment than project-specific developments.

Watch for: A reversal in Bitcoin ETF flows, which would be a primary signal of renewed institutional risk appetite.

2. No Clear Secondary Driver

The provided context contains no news, social media chatter, or on-chain activity specifically related to Request Network. Trading volume for REQ decreased 4.95% to $1.1 million, which does not indicate a surge of coin-specific selling pressure. Without evidence of a unique catalyst, the move is best explained by its correlation to the weakening market.

What it means: The absence of a secondary driver suggests no internal project issues are currently impacting price, but also no bullish counter-narrative is providing support.

3. Near-term Market Outlook

The immediate path for REQ is tied to Bitcoin’s ability to defend the $60,000 support level, a zone highlighted by analysts as technically and psychologically crucial (Yahoo Finance). The next concrete market trigger is whether ETF outflows persist or reverse.

If Bitcoin stabilizes above $60,000, REQ may consolidate between $0.06 and $0.065. However, if Bitcoin breaks below that support—potentially targeting its realized price near $54,700—REQ could see increased selling pressure toward the $0.055 area.

What it means: The trend is bearish but contingent on macro and Bitcoin-specific flows, not REQ’s fundamentals. Watch for: Bitcoin price action around $60,000 and the next weekly ETF flow report.

Conclusion

Market Outlook: Cautiously Bearish Request is caught in a market-wide downdraft fueled by institutional exit and macro fears, with no independent momentum to decouple. Key watch: Can Bitcoin hold $60,000? A failure there would likely trigger another leg down for altcoins like REQ.

Why is REQ’s price up today? (12/02/2026)

TLDR

Request is up 4.42% to $0.0768 in 24h, outperforming a modestly recovering broader market, primarily driven by a beta-driven bounce amid fragile optimism.

  1. Primary reason: Broader market recovery, as Bitcoin (+1.48%) and total crypto market cap (+1.72%) rose, lifting altcoins.

  2. Secondary reasons: No clear secondary driver was visible in the provided data.

  3. Near-term market outlook: If Bitcoin holds above $67,000, REQ could consolidate near $0.08; a break below $0.07 support risks a pullback to its recent lows.

Deep Dive

1. Beta-Driven Bounce Amid Market Recovery

The move aligns with a fragile recovery across crypto. Spot Bitcoin ETFs saw renewed inflows earlier this week (CryptoPotato), helping lift market sentiment from "Extreme Fear." REQ, like many altcoins, benefited from this improved risk tone.

What it means: The gain appears more a function of general market flow than coin-specific news or demand.

Watch for: Sustained positive ETF flows and Bitcoin holding the $67,000 level.

2. No Clear Secondary Driver

No specific news, partnership announcements, or unusual social sentiment for REQ was found in the data provided. Trading volume actually fell 17.86%, suggesting low conviction behind the move.

What it means: The uptick lacks strong fundamental or on-chain support, making it vulnerable to reversal if market sentiment sours.

3. Near-term Market Outlook

The outlook is tied to broader market stability. The key trigger is Bitcoin's ability to hold $67,000 support ahead of key economic data. For REQ, holding above $0.07 is crucial for near-term stability. If the market recovery falters, REQ could quickly retest its recent low near $0.065.

What it means: Momentum is fragile and volume-dependent.

Watch for: A decisive break above $0.08 resistance on increasing volume to signal stronger bullish interest.

Conclusion

Market Outlook: Cautiously Neutral The price rise is a beta-driven bounce in a still-fragile market, lacking its own catalyst. Sustainability depends on whether the broader recovery holds. Key watch: Can REQ hold above $0.07 if Bitcoin's price weakens again?

CMC AI can make mistakes. Not financial advice.