Rocket Pool (RPL) Stands Out

While most coins are in the red, the Rocket Pool token has differed on this front. The token has registered a 1.68% price increase. This seems no ordinary feat, since most prominent tokens are dipping strongly at the moment.

RPL Market Statistics

Current Price: $6.62

Market Capitalization: $143.54M

Circulating Supply: 21.7M

Total Supply: 21.7M

CoinMarketCap Rank: 283

Key Price Levels

Resistance: $7.00, $8.00, $9.00

Support: $6.00, $5.00, $4.00

Rocket Pool Price Shrinks but Keeps the Edge

The RPL/USDT market has stood out, as earlier noted, holding a noticeable price increase at the time of writing. The last price candle remains green and keeps the token above the 9-day EMA line.

Albeit, it is worth noting that the market has compressed significantly. At the same time, the Stochastic Relative Strength Index (SRSI) lines are in the overbought region but have delivered a bearish crossover at the 90 mark. The ensuing lines are somewhat sideways, as buyers are still holding on in this market.

RPL Keeps an Elevated Base

On the 4-hour price chart, it is visible that price action has been on a recent but steady upward trajectory. However, the market has been on a downward retracement for two sessions in a row. As a result, the last price candle on this chart has brought the market back below the 9-day EMA line.

Simultaneously, the SRSI lines are now converging toward a bearish crossover. At this point, should the support at the $6.60 price level fail, the market may proceed toward the $6.00 level. Nevertheless, this market maintains an upward course toward the $7.00 mark.

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