Latest Request (REQ) Price Analysis

By CMC AI
02 February 2026 09:45AM (UTC+0)

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

TLDR

Request (REQ) fell 2.88% in the past 24h, underperforming the broader crypto market (-2.12%) and extending its 7-day decline to -11.32%. Key drivers:

  1. Technical Breakdown – Bearish momentum confirmed by oversold RSI and breakdown below key support.

  2. Low Liquidity Risk – Perpetual futures delisting in September 2025 reduced trading options.

  3. Security Concerns – Lingering doubts after a $3M phishing exploit linked to Request Finance in September 2025.

Deep Dive

1. Technical Weakness (Bearish Impact)

Overview: REQ trades at $0.0943, below critical SMAs (7-day: $0.1018, 30-day: $0.1052) and near its 24h low of $0.09301. The RSI-7 at 17.01 signals extreme oversold conditions, while the MACD histogram (-0.0012) shows bearish momentum.

What this means: Oversold RSI readings typically suggest potential for a bounce, but sustained trading below the 200-day EMA ($0.1164) indicates structural weakness. Traders may be exiting positions due to lack of immediate catalysts.

What to look out for: A close above the 23.6% Fibonacci retracement level ($0.1073) could signal short-term relief.


2. Liquidity Constraints (Bearish Impact)

Overview: Gate.io delisted REQ perpetual futures in September 2025, shrinking derivatives liquidity. Spot turnover (volume/market cap) stands at 3.88% – below the 5% threshold for healthy liquidity.

What this means: Thin markets amplify price swings. The delisting likely forced leveraged traders to unwind positions via spot markets, exacerbating selling pressure. Reduced access to derivatives also limits institutional participation.


3. Security Incident Aftermath (Bearish Impact)

Overview: A September 2025 phishing attack via Request Finance’s front-end drained $3M from a user, despite the platform’s quick patching of vulnerabilities (Cryptoslate).

What this means: While isolated, the breach reinforced perceptions of smart contract risks in payment protocols. Trust-sensitive sectors like crypto payrolls (a Request Network use case) are particularly vulnerable to such sentiment shocks.


Conclusion

REQ’s decline reflects technical breakdowns, liquidity constraints from derivatives delisting, and residual caution after security incidents. The token now faces a credibility-rebuilding phase as it competes in the crowded payments niche.

Key watch: Can REQ hold the $0.093–$0.094 support zone, or will breaking this level trigger another leg down?

Why is REQ’s price up today? (28/01/2026)

TLDR

Request (REQ) rose 1.32% over the last 24h, aligning with its 3.18% weekly gain but underperforming the broader crypto market's 1.16% rally. Key drivers include technical momentum signals and renewed interest in its payment infrastructure.

  1. Technical Breakout: Bullish MACD crossover hints at momentum shift.

  2. Privacy Payment Focus: Recent integrations with Aleo highlight utility.

  3. Low Volume Caution: 37.5% volume drop signals weak conviction.

Deep Dive

1. Technical Momentum (Bullish Impact)

Overview: REQ’s MACD indicator shows a bullish crossover (MACD line at 0.000062 above signal line at -0.000085), historically preceding short-term rallies. The 14-day RSI at 56.02 suggests neutral momentum with room for upside.

What this means: This technical configuration typically attracts algorithmic traders and short-term speculators, creating upward pressure. The absence of overbought conditions (RSI < 70) reduces immediate pullback risk.

What to look out for: Sustained price above $0.106 (7-day SMA) to confirm bullish continuation.

2. Privacy Payment Integrations (Bullish Impact)

Overview: Request Finance (Request Network’s payment platform) integrated with Aleo Network in September 2025 to enable private payroll transactions, processing $3.7M in early volumes. Circle’s December 2025 announcement of USDCx (a privacy-focused stablecoin) also named Request as a potential user.

What this means: These developments validate Request’s real-world utility in confidential business payments, potentially driving adoption. The timing aligns with growing enterprise demand for blockchain privacy solutions, as noted by Aleo’s Howard Wu: "People don’t want to reveal business intelligence" (Fortune).

What to look out for: Metrics tracking Request Finance’s transaction volume growth.

3. Low Trading Conviction (Bearish Impact)

Overview: Trading volume plummeted 37.5% to $1.33M – below its 30-day average – while turnover (volume/market cap) sits at just 1.54%, indicating shallow liquidity.

What this means: Thin volume magnifies price swings but raises sustainability concerns. The lack of volume confirmation suggests this gain relies more on technicals than fundamental shifts, increasing vulnerability to reversals if market sentiment sours.

Conclusion

REQ’s uptick combines technical tailwinds with latent optimism about its payment infrastructure, though low volume underscores fragility. Watch for sustained technical strength or volume surges to gauge durability.
Key watch: Can REQ hold above its 7-day SMA ($0.106) amid shifting market liquidity?

CMC AI can make mistakes. Not financial advice.