Will Rocket Pool avoid deeper losses amid strong selling and negative momentum?

Will Rocket Pool avoid deeper losses amid strong selling and negative momentum?
Rocket Pool slides 6.6% today

Rocket Pool (RPL) is trading at $1.443, down 6.6% on the day. The price remains below its key moving averages, indicating a continuation of the recent downward momentum.

RPL price prediction
24H -5.27%
$1.402
48H -5.71%
$1.3955
7D -11.39%
$1.3115
1M -39.36%
$0.8975
3M -63.06%
$0.5467
6M -67.31%
$0.4838
12M -64.96%
$0.5186
Current price: $1.48 0.011 0.75%
Real-time Data 06:55
Daily range 1.358 Arrow from to Icon 1.452
Weekly range 1.3890 Arrow from to Icon 1.5410
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Highlights

  • RPL/USD trades below key short- and long-term moving averages, indicating strong selling pressure across all timeframes.
  • Momentum signals remain bearish with oversold readings on RSI, Stoch RSI, and CCI, and no divergence present.
  • Next 2 to 3 days expected range is $1.374 to $1.4911, with a high probability of further declines absent a break above immediate resistance.

Oversold signals deepen as downside pressure dominates technicals

RPL/USD has remained below the MA-20 ($1.5036), MA-50 ($1.5195), and MA-200 ($1.6912) on the daily chart. The Ichimoku Kijun at $1.5095 acts as immediate resistance. Momentum indicators show pronounced bearishness: the MACD and ADX confirm ongoing downside pressure, while RSI at 24.13, along with Stoch RSI and CCI, is deep in oversold territory. Bull/Bear Power shows sellers dominating intraday trades, and the Awesome Oscillator aligns with this downtrend.

Rocket Pool asset chart
Rocket Pool price dynamics. Source: TradingView.

High risk of further losses as breakout unlikely near term

In the near term, the price is expected to trade between $1.374 and $1.4911. The probability of further declines remains high given current momentum and volatility, while a sustained rebound appears unlikely unless RPL/USD breaks above immediate resistance at $1.5095. The base scenario envisions consolidation within this volatility band, with the bearish scenario extending if support at $1.374 fails.

Anton Kharitonov, expert at Traders Union, sees continued downside risk for Rocket Pool (RPL) as bearish momentum dominates. The price stays clearly below all major moving averages, and momentum indicators point to persistent seller control. Kharitonov is cautious given the lack of bullish signals and warns that support at $1.374 is critical for any near-term stability. "Unless RPL/USD recaptures $1.5095, I expect further weakness and see no evidence of a sustainable rebound yet."

Earlier, analysts noted that Rocket Pool was experiencing persistent bearish pressure, with price action trapped below key moving averages and momentum indicators pointing to weakness. The latest data reinforces this bearish outlook, with deeper oversold signals and a narrow trading range suggesting traders should monitor the $1.374 support as the next critical level.

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.