02 December 2023 : In this article we will walk you through Rocket Pool price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Rocket Pool, Is RPL a good investment? Rocket Pool support & resistance levels etc. But before diving deep into the RPL technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,456,192,951,021. The total trading volume stands at $49,403,136,576. Bitcoin shares 52.11 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $38,789.10 level after an upward movement of 2.22%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.55 percent reaching to $2,095.31 during the previous 24 hours.
While publishing this blog, BNB traded at $228.45, following a price change of -0.11%within the same time frame. XRP the native coin of XRP is up by 0.76 and currently trading at $0.61. Additionally, Solana reached $60.64 after seeing a uplift of 1.09% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Rocket Pool (RPL)
|RPL Resistance Levels||RPL Support Levels|
|Resistance Level 1||$23.60||Support Level 1||$20.65|
|Resistance Level 2||$24.88||Support Level 2||$18.98|
|Resistance Level 3||$26.55||Support Level 3||$17.70|
The price of Rocket Pool (RPL) is at $27.30, up 1.15% in the past 24-hours and has a price change of -5.04% over the week. One day trading volume for BTC is 3,669,882.00 USD while total marketcap reached $543,736,171.00 USD. There are almost 19,916,753 are in circulation out of 19916753.
RPL price analysis for 02 December 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Rocket Pool.
|Simple Moving Average (10)||22.51||Buy|
|Exponential Moving Average (10)||22.60||Buy|
|Simple Moving Average (20)||23.54||Buy|
|Exponential Moving Average (20)||23.49||Buy|
|Simple Moving Average (50)||25.20||Buy|
|Exponential Moving Average (50)||25.12||Buy|
The Relative strength index (RSI) for RPL Coin is currently hovering at 36 for 14-days average line, which means RPL is just recovering from a oversold condition. While RPL’s Williams %R indicator is at -46.275 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing below of the signal line after a crossover. Rocket Pool investors need to wait for any directional change over the daily chart.
From the technical analysis, the overall trend of the Rocket Pool is still bearish; however, the price action might shows an attempt a bullish reversal with its bullish engulfing candle pattern. Therefore, if RPL manages to stay above $20.65, it can provide an excellent long opportunity for RPL communnity.