Rocket Pool price drops: Can RPL hold $1.7583 as sellers tighten their grip?

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Rocket Pool drops 7.34% to $1.79

Highlights

RPL/USD is under strong short- and medium-term selling pressure, trading below key moving averages on the hourly chart.
Momentum indicators signal a strong bearish bias, with the asset approaching oversold conditions and intraday volatility remaining high.
The price is expected to trade between $1.7583 to $1.8277 over the next day, with a high probability of further downside unless buyers retake the $1.864 resistance.

Bearish signals persist as intraday resistance caps recovery

On the technical front, RPL/USD is trading below both the MA-20 ($1.8647) and MA-50 ($1.9003) on the H1 timeframe, while maintaining a position above the daily MA-200 ($1.6938). The Ichimoku Kijun sits at $1.864 and is acting as immediate resistance. Momentum indicators reflect persistent bearish pressure, with both MACD and ADX signaling a strong sell bias. RSI stands at 32.36 and CCI is also in a sell zone, suggesting the asset is nearing oversold territory, while Stochastic RSI is neutral and AO does not reinforce the ongoing trend. Bull/Bear Power confirms seller dominance intraday.

Downside favored as volatility narrows and reversal prospects fade

Looking ahead over the next trading day, RPL/USD is expected to move within a typical volatility band between $1.7583 and $1.8277. Model probabilities indicate a very low chance of an upward move, with a high likelihood of further downside and limited prospects for a bullish reversal at this stage. Baseline expectations point to consolidation within a narrow range as market participants stabilize positioning. A sustained move above the Kijun resistance at $1.864 may unlock recovery potential, while a break below the support near $1.7583 could accelerate further declines.

Anton Kharitonov, expert at Traders Union, sees Rocket Pool trading in a persistent downtrend under strong bearish pressure. He notes the technical picture remains weak, with the price below key moving averages and all primary momentum indicators still in sell territory. Kharitonov is cautious on recovery prospects and expects consolidation within a narrow range unless key resistance levels are reclaimed. "Until we see RPL/USD break above $1.864, I remain on the defensive and expect downside risk to dominate."

Earlier, analysts noted that Rocket Pool had shifted into a bearish technical regime, with momentum and oscillators highlighting increased downside risks. The latest price action and indicator readings reinforce the continuing bearish bias, making the immediate focus a possible break below the $1.7583 support, which could trigger added volatility.

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.