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- The RPL token is the native cryptocurrency of Rocket Pool. It helps users to stake in Ethereum and earn rewards.
- Rocket Pool is a decentralized ETH staking pool platform. It allows users to participate in validating transactions.
- Let’s evaluate the token through technical analysis and withdraw some useful information about it.
The market capitalization of the RPL coin is $421.82 Million. The total supply of the RPL token is 19,547,496.
In the last 24 hours, the volume of tokens supplied was around 10,157,080. It means 470,878 RPL were traded in the market.
The current price of the RPL token is $21.55. It made an all-time high on 16 April 2023, which was $59.50.
The all-time low value of this token was made on 16 December 2022, which was $18.75.
Technical Analysis of RPL
The coin is falling continuously in the daily time frame analysis. It might make another resistance point on the downtrend line.
The chances of the fall might be possible to continue because the token is continuously moving in the down direction only.
Prices might drop to $20.40 by 29 September 2023. It will be a 6.04% drop in price if it occurs.
According to forecasts, the current market sentiments are bearish. The coin is very good overall. As it is up by 1919.40% in all time.
The Fear & Greed Index shows 44 (Fear). It is up by 0.35% in today’s session, which is fluctuating.
The coin recorded 12/30 green days in the last 30 days which is around 40%. The price volatility over the last 30 days was 3,35%.
The pattern in the box is known as “Three Black Crows”. It indicates that the RPL coin price might continue to fall in the future.
After its formation, the price did not go down. It started to move in an upward direction. It was the failure of the formation.
The RPL token was down by 11.73% during the last year. However, it was down by 12.19 in the last month. There are better times to invest in RPL.
Price Prediction of RPL Coin
| Year | Low | High |
| 2024 | $ 18.25 | $ 69.38 |
| 2025 | $ 33.01 | $ 107.41 |
| 2026 | $ 19.15 | $ 74.67 |
| 2027 | $ 40.62 | $ 108.49 |
| 2028 | $ 38.00 | $ 111.40 |
| 2029 | $ 59.07 | $ 167.07 |
| 2030 | $ 39.45 | $ 119.05 |
Live Chart
Conclusion
By analyzing the coin through technical analysis, we can conclude that, The recovery is only possible when the coin gives any breakout. So far, no recovery sign is seen in the coin. The live chart of the daily time frame indicates that the coin is in a down trend.
RPL Token is not suitable for long-term investment. In the one-year time frame, it is up. It behaves the same in the monthly and weekly time frame.
Technical Levels
Resistance Level- $36.30
Support Level- $21.36
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
