Rocket Pool: Dominant sellers and high volatility drive 7.28% daily drop

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Rocket Pool slides 7.28% to $1.91

Highlights

RPL remains under persistent selling pressure, trading below key moving averages and showing no bullish reversal signals.
Technical momentum and oscillators indicate a strong probability of further declines, despite brief intraday buyer attempts.
Next week's expected range is $1.80–$2.05, with major resistance at $2.35 and crucial support near $1.88.

Mixed momentum signals amid buyer absorption attempts after price drop

Momentum readings are mixed: the ADX points to a moderately strong trend while the MACD gives a neutral outlook. RSI on D1 suggests mild downside pressure, reinforced by the Stochastic RSI and CCI, both signaling a neutral to slightly oversold status. Bull/Bear Power is in strong buy territory, indicating some intraday buyer resilience despite a sharp price drop of 7.28%, with no significant gap between the previous close ($2.06) and today’s open ($1.95). The current price is near the session low ($1.88), volatility is high, and there is notable pressure after the open. While Bull/Bear Power hints at an attempt by buyers to absorb selling, the bulk of momentum and oscillator readings still reflect vulnerability, creating a clear divergence.

High downside risk as technical barriers cap upside momentum

For the coming week, the adjusted expected range is $1.80 – $2.05, bracketing current levels as a typical volatility band relative to current levels. The probability of further downside is very high (more than 80%), while the likelihood of a sustainable price increase remains very low. The baseline scenario is sideways action, with prices constrained by immediate resistance at $2.35 and tentative support near $1.88. Should RPL break above resistance, a bullish reversal could gain traction, but prevailing technicals and weekly trend signals make this less likely. Conversely, a break below support could open the way for further declines, particularly if downside momentum persists across higher timeframes.

Anton Kharitonov, expert at Traders Union, believes Rocket Pool remains under firm selling pressure. He sees technical signals stacked against any sustainable rebound, despite pockets of short-term buyer interest. Baseline expectations are for further downside or sideways action as key resistance at $2.35 holds and support at $1.88 remains fragile. "Until there is a decisive break above resistance, I consider the upside unreliable and would avoid new long positions for now."

Previously it was reported that Rocket Pool (RPL) is trading just below its short-term moving average and well beneath its long-term average, reflecting short-term caution but gradual medium-term recovery, while facing pronounced long-term bearish pressure. Momentum signals remain mixed with neutral oscillators and strengthening trend metrics, suggesting near-term consolidation between support and resistance as the price action builds upward momentum but remains capped by technical barriers.

Source of Data: RPL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.