Rocket Pool (RPL) Market Looks Promising, With Just 3.07% Price Increase

The Rocket Pool token has landed in the second spot on the top crypto-movers list. This token has experienced a price increase of just 3.07%. Meanwhile, the price chart for this token shows that more traction may be gained in the market, with more movement expected.

RPL Statistics:
Current Rocket Pool Value: $21.11
RPL Market Cap: $437,926,412
Rocket Pool Circulating Supply: 20,292,985 RPL
Rocket Pool Total Supply: 20,292,985 RPL
RPL CoinMarketCap Rank: 146

Key Price Levels:
Resistance: $22.00, $25.00, and $27.00
Support: $20.00, $18.00, and $16.00

RPL Attracts Buyers Above the $20.00 Mark

Price action in the Rocket Pool market broke through the $20.00 mark about five sessions ago. Subsequently, the token seems to have attracted short-term traders, and their activity resulted in some downward correction. However, today’s trading session has seen a 3.07% price recovery.

The last price candle shows movement above all the Green Guppy Multiple Moving Average (GMMA) lines. Similarly, the Stochastic Relative Strength Index indicator suggests that upside momentum is building in the market. The indicator’s lines have recently delivered an upside crossover while remaining above the 60 mark. This may convince more traders to target higher price levels, encouraged by bullish crypto signals.

Upside Hopes in the Rocket Pool Market Are Brightening Up

While RPL’s price action has recently crossed the green GMMA lines on the daily chart, we can observe that price action has surpassed both the crossed green and red GMMA lines in the 4-hour market. Here, the last price candle is clearly above the crossed GMMA lines.

Additionally, the SRSI indicator lines are approaching the overbought region from around the 50 level. Moreover, the appearance of the last price candle suggests that buyers are under moderate control. This indicates that the market seems to be aiming for the $22.50 mark in the near term.

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