Buyers dominance in intraday trading lifts Rocket Pool above $1.42

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Rocket Pool jumps 8.4% to $1.42 today

Highlights

RPL/USD displays short- and medium-term bullish momentum, with price gaining 8.4% intraday amid strong buying signals.
Key technical indicators, including MACD, ADX, and Stoch RSI, confirm robust upward pressure while the Awesome Oscillator remains neutral.
Expected trading range for the next two to three days is $1.3037 to $1.5363, with a high probability of continued upside and strong support at $1.375.

Bullish momentum confirmed as indicators support upward move

On the hourly chart, RPL/USD trades above the MA-20 at $1.384 and MA-50 at $1.3394, while remaining under the MA-200 at $1.8357 on the daily timeframe. The Ichimoku Kijun sits at $1.375, providing immediate support. Momentum indicators confirm the bullish setup: the Moving Average Convergence Divergence (MACD), Average Directional Index (ADX), and Stochastic RSI all signal buy, with both the Commodity Channel Index (CCI) and Relative Strength Index (RSI) also in buy territory. Bull/Bear Power indicates buyers dominate the intraday action, while the Awesome Oscillator is neutral and does not reinforce the prevailing trend.

Further upside probable as breakout risk heightens

Over the next two to three trading days, the expected volatility band is between $1.3037 and $1.5363. The probability of further upside is very high, with a downside move considered very unlikely. The baseline scenario is for RPL to consolidate within this range, while a breakout above resistance could lead to further gains. Conversely, a move below immediate support would open the prospect of renewed selling pressure.

Anton Kharitonov, expert at Traders Union, notes that Rocket Pool shows signs of bullish momentum on technical indicators, but the price remains capped below long-term resistance. Without any relevant news, the analyst remains cautious and highlights the risk of failure below immediate support. Base case is for consolidation between $1.3037 and $1.5363. "Until buyers reclaim key resistance, I remain defensive and avoid aggressive positions here."

Earlier, analysts noted that Rocket Pool remained constrained by broader trend pressures despite bouts of short-term recovery. The latest momentum signals indicate a shift toward bullish dominance, making a decisive move above long-term resistance the key development to watch for further upside potential.

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.