š„ $RPL Showing Strength, But Can It Hold? š
$RPL has seen some interesting price action recently, with a notable surge and increased trading volume. This move seems to be driven by overall market interest and positive sentiment surrounding Ethereum liquid staking. The daily chart shows a break above previous consolidation, while the hourly indicates a potential pause or minor pullback.
š Trading Outlook:
š Potential Long: If $RPL can firmly hold above the $6.00 - $6.20 support zone, a push towards $6.80 and higher could be on the cards. Look for consolidation above this level as confirmation. Consider this a spot trade or low leverage due to recent volatility.
š Short Setup: If $RPL fails to hold the $6.00 support and breaks below, especially on increased volume, a retest of the $5.00 - $5.50 area is possible. This could be a short opportunity, potentially with low to moderate leverage if a clear rejection from resistance occurs.
š§ Keep an eye on overall market sentiment, especially $ETH price action, as $RPL is closely tied to the Ethereum ecosystem.
NFA/DYOR.
