Rocket Pool / RPL analysis The price of RPL is $52 today with a 24hour trading volume of 80 million dollars. This represents a 6% price increase in the last 24 hours and a 100% price increase in the past 30 days and well yes 555000% since 4 years ago! Just think about it for a moment...thanks to eth Shanghai upgrade
Rocket Pool is a decentralized Ethereum staking pool offering up to 4% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards. Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of rebasing their staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes socialized across the network, users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.
now lets look at the chart
Rpl pumped almost 70% since binance listing and the price moves in a rising channel and even broke that at 49 which make it even more bullish,next targets are 53,55, 57 and 59 don't forget stop-loss too
Armstrong has heard rumors that the U.S. Securities and Exchange Commission is planning to entirely ban crypto staking for retail investors. what do you think?
Rplusdt
RPL: Approaching ResistanceTrade setup : Trends are improving but price has failed to stay above $25.50 resistance and 200-day MA (~$27), which it needs to signal resumption of uptrend with +20% upside potential to $33. We wait for price to regain those key levels.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $20.00, then $18.00. Nearest Resistance Zone is $25.50, then $33.50.
#RPL/UAST#RPL
We have a descending channel pattern on the 12-hour frame, the price is moving within it and adhering to its borders well.
We have a support area in green at a price of 18.00 after the price touched it and rebounded from it.
We have a trend to stabilize above the moving average of 100.
We have an upward trend on the RSI indicator that supports the price upwards.
Entry price 22.67.
First target 25.24.
Second target 28.20
Third target 30.85
RPL: Resistance BreakoutTrade setup : Bullish breakout above $25.50 resistance and back above 200-day MA (~$27) could signal resumption of uptrend with +20% upside potential to $33 next. Stop Loss (SL) at $23.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $20.00, then $18.00. Nearest Resistance Zone is $33.50, then $39.00.
RPLUSDT(RocketPool) Daily tf Range Updated till 15-06-24RPLUSDT(RocketPool) Daily timeframe range. another high risk and reward Price action. so have to trade carefully. now its trying to stay above 24.08. if it fails their it will head back to 18.52. all it require here now is retail interest for a push.
RPL - Rocket Is ReadyThe chart here shows that the price has been in a downtrend from May 2023 to around March 2024. There was a consolidation phase afterward, followed by a recent attempt to reverse the trend from the support zone.
Support Zone : Between approximately 16.00 and 18.00 USDT . This is a significant support area where buying interest has been strong enough to prevent further declines.
Resistance Levels:
- Immediate Resistance : Around 21.20 USDT . Price has approached this level, and it might act as a short-term barrier.
- Further Resistance : Between 27.11 and 31.10 USDT . This zone has previously acted as resistance and could pose a challenge for price movement.
- Higher Resistance : Around 38.60 USDT and 50.10 USDT . These levels could be potential targets if the price breaks through the initial resistance zones.
Bullish Scenario:
- If the price can break above the immediate resistance at 21.20 USDT, the next target would be the 27.11-31.10 USDT zone. A successful breakout above this could lead to a move towards 38.60 USDT and potentially 50.10 USDT.
Bearish Scenario:
- If the price fails to hold above the support zone, it might revisit the recent lows around 18.00 USDT. Further downside could be limited by the next major support at around 16.00 USDT.
- Volume : There is an increase in volume corresponding to the recent upward movement, which supports the potential for a trend reversal.
- Stochastic RSI : The Stochastic RSI is in the oversold region and starting to move upwards, indicating potential bullish momentum.
RPL back to Demand ZoneRocket Pool is one of the largest Eth liquid staking platform. Billion in total value locked, but market cap still below 1 billion.
Currently back to the weekly support and the demand zone. If we see the volume we can see huge accumulation of RPL at this zone.
We can get a good risk to reward entry at this levels. It will be very interesting to see when it breaks the current accumulation zone towards upside.
Signal № 142 RPLUSDTRLPUSDT discovered solid support at the 78.6% Fibonacci retracement level, marking a precise bounce. The breakout from the wedge pattern signals strong bullish intent.
The current pullback could offer an excellent buying opportunity, boasting a promising risk/reward setup. A target at the 261.8% Fibonacci resistance level suggests the potential for a remarkable 75% price increase.
This is one of very few Premium Signals, which we share to the general public. Lets see how it will turn out.
RPL/USDT Had a Good Run | 👀🚀What's Next for RPL?💎 Paradisers, turn your attention to RPLUSDT as it presents significant market activity. The asset is hinting at a possible bullish progression from a crucial support level.
💎 Recently, RocketPool encountered resistance at $33.62. If RPL can uphold its position at the important support level of $28.2, there's a good chance we might observe a continuation of its bullish trend. This optimistic scenario is further supported by RPL's robust performance above the EMA, suggesting continued upward movement from this support level.
💎 However, if RPL struggles to maintain its stance at the $28.2 support, a change in strategy may become necessary. In this event, we could be looking at a bullish push starting from a lower demand zone. A critical level to monitor is whether RPL dips below the $23.5 support, as this could indicate a transition toward a bearish trend.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to offering essential market insights, helping you navigate these trends and ensuring that your trading decisions are informed and strategically sound.
RPL ANALYSIS🔮 #RPL Analysis 💰💰
🌟🚀 There is a complete formation of Cup and Handle Pattern in #RPL. We are just waiting for a perfect breakout. If #RPL breakout with good volume then we will see a very good bullish move.🚀🚀
🔖 Current Price: $31.36
⏳️ Target Price: $45.56 and more
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #RPL. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#RPL #Cryptocurrency #DYOR
RPL/USDT bullish move incoming? 👀 🚀 RPL Today analysis💎Paradisers, direct your attention to RPLUSDT as it showcases a compelling trajectory within the demand zone, suggesting a heightened likelihood of an upward trend.
💎 Historically, RPL has demonstrated its prowess by breaking free from a descending channel, propelling itself upwards. Even after facing resistance, it's evident that the momentum is being recaptured. The current positioning within the demand zone further amplifies the bullish narrative.
💎 However, should the asset falter in maintaining its momentum, there's a significant chance it might find bullish support around the 21.09 mark. A breach below this threshold could trigger a pronounced downward shift.
💎 It's worth noting that some novice traders might be inclined to go long at this juncture, so it's crucial to stay ahead of the curve and strategize wisely.
💎 Additionally, the MACD indicators hint at a diminishing selling pressure, increasing the probability of a retest of the aforementioned resistance.
RPL: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Swing traders could enter on pullbacks near Channel support trendline (~$45) and exit near Channel resistance trendline (~$65). Trend traders ought to wait for a breakout from Channel. This liquid staking protocol has a steadily growing Total Value Locked (TVL), indicating user adoption, and was subject of our recent Coin Picks research report.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $45, then $30. The nearest Resistance Zone is $55, then $65.
$RPL/USDT 4h (#Bybit) Ascending wedge on resistanceRocket Pool looks overbought on Low TF and seems likely to get rejected on local top then retrace down to 100EMA support.
⚡️⚡️ #RPL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.4X)
Amount: 5.0%
Current Price:
47.770
Entry Zone:
48.150 - 49.760
Take-Profit Targets:
1) 45.285
2) 42.830
3) 39.760
Stop Targets:
1) 52.025
Published By: @Zblaba
$RPL #RPLUSDT #RocketPool #LP #DeFi #Eth2
Risk/Reward= 1:1.2 | 1:2.0 | 1:3.0
Expected Profit= +48.0% | +80.1% | +120.2%
Possible Loss= -40.1%
Estimated Gaintime= 2 weeks
rocketpool.net