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- 1 The RPL crypto price was $29.88, posting an intraday loss of 1.39%.
- 2 Rocket Pool crypto received a sharp upthrust in the recent sessions near the previous low forming a double bottom pattern.
The RPL crypto gained traction in the recent sessions and edged higher near the supply level. The recent move has confirmed the presence of buyers at the lower levels and early signs of a breakout.
Moreover, the price reversed its course on Tuesday and maintained a gaining streak for the next four sessions till Saturday. The recent upthrust has recovered all the losses in the last week after receiving buying volume near the previous week’s week low value.
Rocket pool crypto price turned around from the recent low thus forming a double bottom pattern suggesting the presence of buyers at the lower levels.
At the time of writing, the RPL crypto price was hovering near $29.785 with an intraday drop of 1.39%. The crypto has a total market cap of $598.6 Million and ranks 104th in the overall crypto market. It has a 24-hour volume of 4.032 Million with a rise of 2.1% as compared to the last day.
Rocket Pool Crypto Trend Analysis
Earlier, the crypto broke out of a 2-month consolidation phase in the 2nd week of January. However, the buyers could not hold the price at the upper levels near $40 and returned back in the range after a few days.
Furthermore, the RPL price took a rebound from the previous support and psychological level of $26 and edged higher after a double bottom pattern was noted over the charts.
On the upper side, the $31 has been acting as a supply zone. Now, if the buyers are able to conquer the recent supply zone, it may indicate buyer domination near the upper levels and the crypto may proceed in an upward trajectory.
Rocket Pool Price Indicator Analysis
Indicator analysis shows that Rocket pool crypto has surpassed key exponential moving averages including the 20, 50 and 200-Day EMAs, highlighting the buyers’ intention to resume the trend.
At the time of writing, RSI was at 52.02 points and that of the SMA line was at 46.10 points. RSI line has made a positive crossover of the SMA line indicating a bullish sentiment as per the RSI Analysis.
Rocket Pool Price Prediction February 2024
As per the most optimistic view of our analysts, the RPL price could reach a high of $36.07 if it breaks on the upper side above the 50-Day EMA. The bearish view of analysts expects a possible downside move till $25 and $22 after the breakdown below the recent support of $29 level.
Rocket Pool Price Prediction 2024
The price prediction for 2024 shows that Rocket Pool crypto may advance to a high of $50.21 by the end of 2024. The less optimistic analysts estimate a price target of $40.45 by 2024 end.
Rocket Pool Price Prediction 2025
On the most bullish observation, Rocket Pool crypto could reach a high of $74.64 in 2025. On the flip side, the most pessimistic prediction of our analysts is for the price to reach $52.07.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
