Rocket Pool slides as price lingers below long-term average and challenges support

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Rocket Pool drops 7.47% to $1.61

Highlights

RPL/USD trades firmly below key moving averages, reflecting sustained short- and long-term selling pressure after a 7.47% drop to $1.61.
Momentum and oscillator readings are deeply oversold, signaling seller dominance but raising the risk of a short-term technical bounce.
Price is expected to trade between $1.364 and $1.856 over the next 2–3 sessions, with a 57% probability of further downside unless resistance at $1.68 is broken.

Oversold momentum grows as persistent selling tests support

On the hourly chart, RPL/USD remains below the MA-20, MA-50, and MA-200, indicating sustained selling pressure with the long-term trend set by the MA-200. The Ichimoku Kijun marks immediate resistance at $1.68. The Moving Average Convergence Divergence (MACD) aligns with sellers, while the Average Directional Index (ADX) signals a firm trend is present. Both the Relative Strength Index (RSI) and Stochastic RSI are oversold, and the Commodity Channel Index (CCI) also sits deep in oversold territory, highlighting stretched downside conditions. Bull/Bear Power indicates continued seller dominance intraday, and the Awesome Oscillator confirms the prevailing bearish tone. While oscillators and momentum indicators are broadly in agreement, the oversold signals suggest that the market is increasingly at risk of a short-term relief bounce.

Range-bound outlook emerges as reversal risk hinges on resistance

RPL/USD is expected to trade within a range of $1.364 to $1.856 over the next 2–3 sessions, reflecting a typical volatility band relative to current levels. The probability of a downward move stands at 57%, with a 43% chance of an upward move. The most likely scenario is price stabilization within the established range, while a decisive break above $1.68 could trigger a bullish reversal. Sustained selling below $1.364 would indicate further downside and confirm a deeper bearish move.

Viktoras Karapetjanc, expert at Traders Union, notes that Rocket Pool (RPL) remains under strong selling pressure with no clear catalyst to shift sentiment. He sees oversold momentum indicators but emphasizes that the asset is entrenched below key moving averages and resistance at $1.68. The analyst expects range-bound action, with a bias toward stabilization unless strong sellers return. In his view, while the current bearish phase is pronounced, oversold readings open the door for a bounce. "If buyers can defend the lower boundary near $1.364, I believe we could soon see a short-term relief rally despite the prevailing negative tone."

Earlier, analysts noted that Rocket Pool's short-term bullish momentum was supported by technical indicators, though longer-term risks remained. The latest downturn and prevailing oversold conditions now introduce the potential for a short-term relief bounce, making any sustained move above immediate resistance a key signal for shift in market direction.

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.