Rocket Pool price outlook: RPL whales signaled local top

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value of Rocket Pool (RPL) It is facing fresh downside pressure near $45, as the bulls attempted to convert the level into a new primary support area. As of 12.50pm on Friday, the RPL token was trading around $46.60 – down about 2.4% over the past 24 hours.

RPL is one of the altcoins that has grown very fast Ethereum Activated Shepela upgrade.

RPL price – data shows whales sold directly to local top

as CoinJournal Thrown light on On April 14, Rocket Pool, Arbitrum and Loopring were among altcoins that broke Ethereum (ETH) to $2,100 after Shepela upgraded. Altcoins pivot to gains sees Rocket Pool’s RPL climb above its previous peak, as buying pressure increases atlas upgrade came closer

According to on-chain data from crypto market intelligence platform Sentiment, Rocket Pool price declined as whales booked profits at the local top.

On April 16, 2023, the RPL price reached an all-time high of $61.87 before losing momentum. Sentiment says the cryptocurrency continues to see large whale volume to add to the 70 that includes more than $100,000 worth of RPL.

The 70 transactions signaled a top for Rocket Pool price and is the second largest whale dump for RPL on Nov 8, 2021 after 111 large transactions over $100k. ,

rocket pool price prediction

Although Rocket Pool’s native coin is up 14% over the past month, the decline over the past two days has seen RPL/USD drop more than 25% from its recent high.

in the short term rocket pool price predictionFurther weakness in the Rocket Pool market could send the coin to $38 or lower.

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