Rocket Pool technical analysis: Downward momentum with sellers in control intraday

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Rocket Pool drops 7.41% to $1.399

Highlights

RPL/USD trades below key moving averages on both hourly and daily charts, indicating persistent seller control across timeframes.
MACD and ADX both signal a strong ongoing sell trend, with negative intraday momentum reinforced by Bull Bear Power readings.
Price at $1.399 is down 7.41% on the day, with the expected 2 to 3 day trading range set at $1.3545 to $1.482 and high probability of further downside.

Downside bias confirmed as technicals signal persistent bearish momentum

On the technical front, RPL/USD trades below the MA-20 ($1.4213) and MA-50 ($1.4751) on the hourly chart, and also remains under the MA-200 ($1.6691) on the daily timeframe. The Ichimoku Kijun at $1.4385 serves as immediate resistance. MACD indicates strong sell momentum, with ADX also favoring the downside. Bull/Bear Power is negative, confirming sellers are in control intraday, while the Awesome Oscillator is neutral. Both RSI and CCI are neutral, but Stochastic RSI is in the overbought zone, suggesting scope for a short-term corrective move amid prevailing downside pressure.

Bearish outlook prevails as rebound odds remain limited

In the short term, the anticipated trading range for RPL/USD is $1.3545 to $1.482. Downward movement remains the dominant scenario, with a very low probability of a sustained rebound. Sideways movement within the established corridor is the base case, while a breach below $1.3545 would reinforce the downside scenario. Alternatively, a recovery above the Ichimoku Kijun and resistance levels could trigger a bullish reversal.

Viktoras Karapetjanc, expert at Traders Union, sees Rocket Pool trading under pressure as sellers continue to dominate. He notes the price remains below key moving averages and important resistance levels. No major fundamental or sentiment drivers are present, keeping the focus on technicals. Karapetjanc maintains a constructive outlook but acknowledges the current bearish momentum. "If RPL manages to recover above the key resistance and Ichimoku Kijun, I expect a bullish reversal to gain traction."

Earlier, analysts noted that Rocket Pool was experiencing persistent bearish momentum amid pronounced downside pressure across multiple technical indicators. The current analysis reinforces this negative outlook, highlighting that a break below $1.3545 would signal further downside risk for RPL.

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.