🔍 Key On‑Chain & Market Insights

Current Price: ~$6.86 — modest daily change

Market Cap/TVL: RPL's market value is significantly below its TVL, signalling potential undervaluation

Volatility & Momentum: ATR is relatively elevated, RSI neutral (~49), Bollinger Bands tightening — suggesting consolidation with breakout potential

📈 Chart & Technicals (Based on recent TA)

RPL recently broke above a descending wedge/resistance trendline — a bullish breakout pattern on daily charts

Support Zones:

Immediate: $6.50–6.60

Deeper floor: $5.30–5.90 (lower Bollinger band, historical support)

Resistance Levels:

Near-term: $7.50–7.60 (4H/1D resistance band)

Medium-term: $9–10 (>$9.40) then $12.50–13 the zone of prior consolidation

💡 Community Sentiment (from Reddit)

Bearish / tokenomics concerns:

> “Its tokenomics can lead to self‑fulfilling prophecies… If a NO leaves he will cash out… creates a race.”

“Need to allow ETH to be used as collateral… else growth in node operators is going to stagnate.”

Bullish outlook (postSaturn upgrade & tokenomics rework):

> “RPL undervalued given project’s history…and upcoming Saturn 1 changes adding value to RPL…”

🎯 Trade Setup (4H/1D Frame)

Entry Zone: ~$6.80–6.60 (just above breakout)

Stop‑Loss (STL):

Conservative: $6.40 (below 4H support)

Aggressive: $6.00 (closer to daily lower band)

Take Profit (TP) targets:

1. TP1: $7.50–7.60 (short‑term consolidation/resistance zone)

2. TP2: $9.00–10.00 (medium‑term resistance and prior peak area)

3. TP3: $12.50–13.00 (breakout extension toward earlier highs)

Risk–reward approximation:

If entering at $6.80 with SL at $6.40 → risk $0.40 per unit.

Upside to first TP (~$7.60): +$0.80 → 2:1 ratio

Upside to $10.00: +$3.20 → 8:1+ ratio

$RPL #CardanoDebate #CANProtocol