Support test ahead: Can Rocket Pool avoid deeper losses?

Traders Union
All News
Crypto
Rocket Pool slides 7.12% to $1.95

Highlights

RPL/USD trades below key short- and medium-term moving averages but remains supported above its long-term average.
Bearish momentum dominates with price dropping 7.12% and most momentum and oscillator indicators aligning with intraday weakness.
RPL/USD is projected to consolidate between $1.8867 and $2.098 over the next 2 to 3 days, with a 74% probability of further decline.

Bearish momentum persists as oscillators signal oversold stretch

On the technical side, RPL trades below the MA-20 and MA-50 on the working timeframe, while remaining above the MA-200 on the daily chart. Immediate resistance is marked by the Ichimoku Kijun at $2.0545. Both MACD and Awesome Oscillator are in sell territory, confirming bearish momentum, while ADX reads neutral, pointing to indecisive trend strength. RSI, Stoch RSI, and CCI are all flashing oversold conditions, suggesting that downside momentum is stretched. Intraday, Bull/Bear Power signals seller dominance, with today's price closing near session lows and a small positive opening gap of 0.005. Momentum and oscillators predominantly reinforce the intraday weakness, though oversold readings highlight potential for sharp corrective rebounds.

Further downside likely as rebound odds remain subdued

In the short term (next 2–3 trading days), RPL/USD is expected to trade within a volatility band between $1.8867 and $2.098. The forecast assigns a 26% probability to a rebound and a 74% chance of continued decline, making further downside moves more likely for now. Baseline expectations call for a consolidation within this range. Should the price climb and hold above $2.0545, a recovery scenario opens up, while a break below $1.8867 would validate ongoing downside momentum.

Anton Kharitonov, analyst at Traders Union, sees Rocket Pool under technical pressure as it trades below key short- and medium-term moving averages. Momentum and oscillators indicate a stretched downside, but no fresh news influences sentiment or offers directional cues. The probability of further decline remains high unless price reclaims $2.0545. "I stay cautious here — until $2.0545 is regained, downside remains the base case."

Earlier, analysts noted that Rocket Pool was maintaining a broadly bullish technical outlook, with an emphasis on monitoring pivotal support and resistance levels for potential breakouts or reversals. The current analysis signals a notable shift to bearish momentum, suggesting traders watch for a potential breakdown below $1.8867 or signs of a sharp corrective rebound should deeply oversold conditions trigger short-term recovery.

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.