RPL price prediction shows that the crypto is trying to break the upper trendline on the daily time frame chart. Rocket Pool crypto needs to increase the positive momentum in order to break out from the descending pattern. However, sellers may approach 50-DMA which is acting as a resistance to the crypto price.
However, the 24-hour trading volume (546) is lower than the 10-day average volume (2.2K). The Rocket Pool crypto price prediction suggests the token produced a declining pattern. The crypto struggles to move above 20, 50, 100, and 200-day daily moving averages.
RPL price prediction suggests that investor opinions regarding the Rocket Pool token are bearish. Investors may prefer to keep a keen watch over the crypto. Presently, the Rocket Pool price is below all the key EMA and MA levels.
The present value of Rocket Pool is $22.78. It has a market capitalization of around $446.962 Million with a fully diluted market cap of $446.962 Million. The crypto has a circulating supply of 19.62 Million.
Rocket Pool has performed poorly so far in 2023. Over the past 6 months, the returns were -31.04%. The return was -51.04% last month and -22.52% last week. Technicals signal selling pressure while the technical oscillators indicate neutrality. The moving averages are also on the strong sell side. This shows bearish dominance in the market.
Technical Analysis of Rocket Pool Crypto Price in 1-D Timeframe
At the time of publishing, Rocket Pool (RPL) is trading below the 50, 100, and 200-day simple moving averages, which shows bearish momentum.
Nevertheless, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the Rocket Pool price is expected to move downwards giving bearish views over the daily time frame chart.
The MACD line at -1.75 and the signal line at -1.71 are above the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the Rocket Pool crypto price. The current value of RSI is 31.94 points. The 14 SMA is below the median line at 34.82 points which indicates that the Rocket Pool crypto is bearish.
Rocket Pool technical indicators also keep a negative trend. The MACD, RSI, and EMA are highlighting negative signs and suggest that the downtrend may resume in the Rocket Pool crypto price. Rocket Pool price action indicates that the investors and traders are negative on the daily time frame. The price action reflects a bearish outlook at the moment.
- Support Levels: The closest support levels for RPL are $21.36 and $10.24.
- Resistance Levels: The nearest resistance levels for RPL are $36.30 and $32.48.
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.