Rocket Pool ( RPL )
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📈 1. Price action and immediate performance
- Notable rise: RPL recorded a sharp jump today of +31% to +33%, surpassing resistance at $6.65 to reach a high of $6.75, compared to a low of $4.76 in the last 24 hours.
- Support and resistance:
- Strong support: at $4.80 (tested twice today).
- Next resistance: $6.85 (based on today's peak).
- Weekly performance: Increased by +31.74% over 7 days, with abnormal trading volume (+732.97%), indicating renewed interest in the coin.
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📊 2. Technical indicators and volatility
- Trading indicators:
- Current technical rating: Strong sell according to daily oscillators, but weekly signals show improvement to 'neutral'.
- Moving averages: the price is above the 50-day moving average ($4.79), but still below the 200-day average ($7.35), indicating a short-term bullish turn.
- Volatility: High at 11.35% (above 50% of coins), with 50% green days over the past month.
- RSI Indicator: at 45.00 (neutral), leaving room for upward movement without reaching overbought territory.
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🌐 3. Overall currency landscape
- Fundamental context: RPL is the native currency of the Rocket Pool network, a decentralized platform for Liquid Staking on Ethereum, offering yields of up to 4.33% for ETH and 6.36% for RPL.
- Supply and distribution:
- Circulating supply: 21.38 million RPL (no cap).
- Total Value Locked (TVL): $1.75 billion, boosting investor confidence.
- All-time low/high price:
- High: $154.73 (November 2021, down -95.95% from the peak).
- Low: $0.09118 (May 2019, up +6,864% from the bottom).
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🔮 4. Near-term forecasts and phase analysis
- Today's and tomorrow's forecasts:
- Today (June 4): Expected price $6.385 based on current buying momentum.
- Tomorrow (June 5): It could reach $6.39 if the positive sentiment continues.
- This week: Forecast models indicate a potential rise to $6.41 over the next 30 days (+0.41%).
- Short-term risks: any correction could bring the price back to $5.50 (21-day moving support).
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⚠️ Investment recommendations
- Positive insights:
- Increased trading volume and demand.
- Strong fundamental support (high TVL + attractive yields).
- Potential risks:
- High volatility may lead to sudden corrections.
- The price is still 91% lower than the historical peak, requiring a long ascent to regain previous levels.
- Recommendation:
> Tactical buy for short-term traders at a breakout of $6.65, with a stop-loss at $5.90. For long-term investors: wait for a test of support at $5.50 for better accumulation, monitor the RSI indicator and daily moving averages.
Summary
RPL shows strong upward momentum today supported by high trading volume and positive market conditions. However, the coin remains highly volatile and requires close monitoring of technical indicators. Caution is advised for entries with stop-loss points set, while focusing on the fundamental developments of the Rocket Pool network as a long-term supporting factor 🚀. $RPL
