Rocket Pool gains 4.65% as demand cools near upper trading range

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Rocket Pool gains 4.65% today

Highlights

RPL/USD shows strong intraday bullish momentum, having surged 4.65% and testing the day's high near $1.3500.
Most momentum indicators confirm buyer strength, though overbought levels and neutral trend signals warn of a possible short-term pullback.
For the next 2–3 sessions, price is likely to hold between $1.1600 and $1.3947, with a 78% probability of an upward move provided immediate support at $1.3050 holds.

Buyer dominance as technical signals outweigh trend stalling

On the technical front, RPL/USD is trading above its MA-20 ($1.3135) and MA-50 ($1.3042) on the hourly chart, while remaining below the MA-200 ($1.9277) on the daily timeframe. The Ichimoku Kijun at $1.3050 serves as immediate support. MACD signals Buy and BBP indicates Strong Buy, confirming buyer dominance. RSI and CCI are both in Buy mode, while Stoch RSI is Overbought, pointing to near-term stretched conditions. ADX and the Awesome Oscillator are Neutral, highlighting a pause in overall trend strength.

Upside risk prevails as support zone underpins forecasts

Looking ahead over the next 2–3 sessions, RPL/USD is expected to trade within a $1.1600–$1.3947 volatility band. There is a 78% probability of an upward move, with the baseline scenario seeing RPL/USD holding above immediate support. Should bullish momentum persist, price could extend toward the upper limit of the forecast range. Conversely, a drop below $1.3050 would increase the likelihood of a move toward deeper support.

Viktoras Karapetjanc, expert at Traders Union, sees strong technical momentum for Rocket Pool (RPL) as the price remains above key short-term moving averages. Market sentiment has clearly shifted in favor of buyers, with multiple oscillators pointing to further upside in the near term. He believes that as long as immediate support at $1.3050 holds, there is a high likelihood of continued strength. However, overbought conditions on short-term metrics suggest monitoring for brief pullbacks. "I expect RPL/USD to stay buoyant within the projected range, and any move above $1.3050 opens the door to higher levels in coming sessions."

Earlier, analysts noted that Rocket Pool was experiencing entrenched bearish momentum with sellers firmly in control. The latest rebound above near-term moving averages introduces a potential shift in sentiment, making sustained closes above $1.3050 an important signal to monitor for further upside.

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.