Rocket Pool slumps over 10% as bearish momentum and technical selling drive losses

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Rocket pool slides 10.09% today

Highlights

RPL/USD fell 10.09% to $1.381 after opening with a downside gap and facing continued intraday volatility at 12%.
The asset trades below key short-, medium-, and long-term moving averages, reinforcing prevailing bearish momentum across timeframes.
For the next five trading days, RPL/USD is expected to trade sideways between $1.283 and $1.485, with a 57% probability of a downward move.

Anton Kharitonov, expert at Traders Union, sees Rocket Pool (RPL) locked in a prolonged bearish phase. He notes the price collapsing below all major moving averages, without any meaningful news catalyst to inspire buying. Kharitonov highlights persistent technical weaknesses and lack of fundamental support, warning of increased downside pressure if $1.283 fails. He observes oscillators are mixed but the dominant trend remains negative. "With volatility this high and broad trend signals all bearish, I see RPL exposed to further losses unless buyers reclaim control at higher levels," he says.

Viktoras Karapetjanc, expert at Traders Union, acknowledges recent price weakness but views current conditions as a potential setup for recovery. He believes the presence of immediate support and a clear resistance at $1.485 keeps a medium-term bullish structure technically viable. Karapetjanc emphasizes that the absence of negative news reduces downside risk for long-term investors. "I see opportunity for renewed growth if buyers push above $1.485 — market offers multiple setups in these ranges," he states.

Parshwa Turakhiya, analyst, interprets RPL's technical signals as mixed in the short term. He spots a narrow edge for buyers intraday, even as broader momentum remains bearish. Turakhiya suggests short-term traders can monitor volatility spikes for quick entries. "If the price breaks either $1.485 or $1.283, traders should be ready to act fast in either direction," he advises.

Broad momentum divergence as moving averages and oscillators diverge

RPL/USD is trading below the 20-day, 50-day, and 200-day moving averages at $1.5102, $1.7311, and $1.6711, signaling pronounced selling pressure across all major trends. Immediate resistance is at $1.485 while support is seen at today's $1.375 low. The longer-term context remains shaped by the 50-day and 200-day averages. Momentum remains bearish, with both MACD and ADX confirming downward pressure. The RSI and CCI are neutral, with the Stochastic RSI situated in the overbought zone. Bull/Bear Power gives buyers a narrow edge intraday, although this contrasts with the negative daily change and volatility, which reached 12.00%. Intraday technicals offer mixed signals between momentum and oscillators.

Earlier, analysts noted that Rocket Pool was experiencing pronounced bearish pressure as it remained entrenched below major moving averages. The current analysis reinforces this negative outlook with updated technical evidence, highlighting the importance of monitoring the $1.283 support as a potential inflection point for further downside extension.

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

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