🚀 Rocket Pool (RPL) soared by 7%, but the resistance level at $1.94 is looming! Can it break through?
RPL has entered a rebound mode! In the past 24 hours, it has risen over 7%, with the price reaching $1.80. But before making a decisive move, let's take a look at this complex market technical analysis.📊
Technical Analysis:
Short-term Trend: The price has successfully stabilized above MA-20 ($1.72), and short-term bullish sentiment is warming up. Key Resistance Level: The MA-50 at $1.94 above is currently the biggest obstacle. Whether this defense line can be breached will determine the quality of this rebound. Long-term Trend: As long as the price remains below MA-200 ($3.96), the overall trend is still leaning towards a sideways consolidation.
Indicator Signals Show Divergence: 🤔
MACD: Still emitting a strong sell signal. ADX: Shows that the current trend has a certain strength. Oscillator: After soaring 7.14% during the day, it has entered the overbought zone.
🎯 Future 5-Day Forecast:
Currently, the probability of effectively breaking through $1.94 is less than 20%. The market is likely to maintain sideways consolidation or slight pullback. Expected fluctuation range: $1.70 – $1.90.
Summary: RPL is performing remarkably, but the resistance level at $1.94 is a heavy weight. Bulls need more volume to break through MA-50, otherwise it may retrace to the support level at $1.70.
Do you think RPL can break through the $2.00 mark this week? Or will it turn downwards? Feel free to share your thoughts in the comments! 👇
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