- The Rocket Pool price is currently staying between a 20-day and 100-day moving average.
- RPL price has dropped by 17% in a week.
Rocket Pool (RPL) price had been in a bearish trend and registered an all-time low of $16.84 on October 13, 2023. Since November, the RPL crypto price has performed positively and the price has gained buying momentum by forming higher highs and higher lows.
In the second week of January, Rocket Pool humped by 40% in four days but failed to sustain the $35 mark and dropped by 24% in the next few days.
Explore the short and medium-term price predictions and check the long-term price forecast.
Current Price – $29.77 Price Prediction – 29.03 (-3.17%)
Market cap – $598.44 million Green Days – 13/30 (43%)
Volume – $6.05 million Fear & Greed Index – 55 (greed)
Volatility – 8.10% 200-day EMA – $30.03
Sentiment – Bearish RSI – 45.55
According to our analysis, the Rocket Pool crypto price is predicted to fall 3.17% to reach $29.03 by January 25, 2024. The fear and greed index is 55 (greed) and the volatility is 8.10%. The RPL price has remained bullish for 13 days in the last 30 days, indicating selling pressure.
Rocket Pool Price Has Formed an Ascending Triangle on Daily Timeframe
On a daily time frame, the Rocket Pool price has formed an ascending triangle. Recently, the RPL price gave a strong breakout from the triangle but failed to be sustained.
Currently, the RPL price has slipped below the 200-day moving average and heading toward the trendline. If the price takes support on the trendline and rises, buyers may operate positively, and the $33 mark can again be achieved.
On the other hand, if the Rocket Pool crypto price fails to defend the trendline, sellers may dominate and a sharp fall can be expected.
Rocket Pool Price Prediction Based on Technical Analysis
Based on data from January 22, 2024, at 09:19, the general Rocket Pool price prediction sentiment is bearish, with 11 technical analysis indicators signaling bullish signals, and 18 signaling bearish signals.
Rocket Pool Correlation
Over the past 7 days, Rocket Pool price was most positively correlated with the price of Bonk (BONK), PancakeSwap (CAKE), IOTA (MIOTA), Optimism (OP) and Mantle (MNT) and most negatively correlated with the price of Ronin (RON), Astar (ASTR), Pendle (PENDLE), Siacoin (SC) and Litecoin (LTC).
Rocket Pool Price Prediction FAQs
What is the Rocket Pool price prediction today?
The Rocket pool price is predicted to fall 2.46% to reach $29.35 by today.
What is the RPL price prediction tomorrow?
According to our analysis, the RPL price will fall 3.17% to reach $28.36 by tomorrow.
What is the RPL price prediction for this week?
Our Rocket Pool price prediction indicates that RPL will be traded between $ 30.22 and $ 33.02 this week. The higher value target could cause Rocket Pool to increase by 9.28% and reach $33 by Jan 29, 2024.
What is the current RPL price prediction?
The current Rocket Pool sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.
Conclusion
Based on the analysis, the Rocket Pool price is currently in a bearish trend and is predicted to fall to $29.03 by January 25, 2024. However, there is a possibility of the price bouncing back if it takes support on the trendline and rises. The Rocket Pool price has formed an ascending triangle on the daily timeframe. If the buyers remain positive, the $33 mark can be achieved.
Technical levels
Resistance: $33.00 & $40.00
Support: $25.00 & $23.00
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.