In this Rocket Pool technical analysis, we will examine the current price action, trading volume, key levels and indicators for RPL-USDT. Rocket Pool is a decentralized platform that enables users to pool their resources together to create a shared liquidity pool, which can then be used for various financial applications such as lending and borrowing. By pooling their resources together, users can reduce the risk associated with trading cryptocurrencies and increase their potential returns. Rocket Pool’s innovative design allows for a more efficient and secure way of managing liquidity in the cryptocurrency market.
Rocket Pool Price Overview:
As of September 22, 2023, Rocket Pool is trading at approximately 20.75 USDT. Let’s dive into the detailed price action for RPL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 20.93 |
| High (H) | 21.05 |
| Low (L) | 20.6 |
| Close (C) | 20.75 |
| Volume (C) | 6,598.73 |
- Open (O): The opening price for today’s trading session was approximately 20.93 USDT.
- High (H): Rocket Pool reached a daily high of around 21.05 USDT.
- Low (L): The daily low for RPL-USDT was approximately 20.6 USDT.
- Close (C): At the time of analysis, Rocket Pool is trading near its daily close of 20.75 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.05% |
| 3D Change (%) | -7.74% |
| 7D Change (%) | -7.03% |
| 30D Change (%) | -15.72% |
| 90D Change (%) | -45.98% |
| YTD Change (%) | -19.13% |
Over the past three days, RPLUSDT has declined by approximately -7.74%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -7.03%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RPLUSDT maintaining a downward trend of approximately -15.72%, despite intermittent fluctuations. Examining the last 90 days, RPLUSDT has witnessed substantial drop of approximately -45.98%, reflecting strong long-term confidence. Year-to-date, RPLUSDT has steadily dropped by around -19.13%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Rocket Pool Live Chart:
You can access a live price chart for RPL-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.47268.
- Momentum score is -0.15719.
RPL USDT Technical Analysis
Rocket Pool Trading Volume:
The trading volume for Rocket Pool (RPL) over the past 24 hours has been insignificant, with approximately 6,598.73 USDT traded against RPL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): RPL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Rocket Pool is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RPL-USDT is currently in the low zone, around 36.31551. This suggests that Rocket Pool is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Rocket Pool (RPL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
