the price of Rocket Pool (RPL) It is facing renewed downward pressure near $45 as the bulls attempt to turn the level into a new primary support zone. As of 12:50 PM ET Friday, the RPL token is trading at around $46.60, down around 2.4% over the past 24 hours.
RPL is one of the altcoins that rallied hard when Ethereum activated its Shapella upgrade.
RPL Price Data Shows Whales Sold At Local Highs
As CoinJournal highlighted on April 14, Rocket Pools, Arbitrums, and Looplings are among the altcoins to swell as Ethereum (ETH) climbs to $2,100 after the Shapella upgrade. Rocketpool’s RPL surged past its previous peak as profits pivoted to altcoins. Atlas upgrade Approaching the.
Rocket pool prices plummeted as whales profited at the top of the locals, according to on-chain data from crypto market intelligence platform Santiment.
On April 16, 2023, the RPL price climbed to an all-time high of $61.87 before losing momentum. According to Santiment, the cryptocurrency continues to trade 70 cases, including his RPL of over $100,000, plus a large amount of whales.
The 70 deals mark the all-time high for rocket pool prices and are RPL’s second largest whale dump after 111 block deals above $100,000 on Nov. 8, 2021. At the time, Santiment noted that the RPL price had reached the then ATH of $59.47. .
🐋🚀 # rocket pool Whales showed the full top as they made a profit right after the asset. #AllTimeHigh $61.87. His 70 deals over $100,000 were his second-largest after 111 deals. $RPL Transfers made on November 8, 2021 #ATH $59.47. https://t.co/mzVc8iI5yT pic.twitter.com/CampspI2zR
— Santiment (@santimentfeed) April 21, 2023
Rocket Pool Price Prediction
Rocket Pool’s native token has risen 14% over the past month, but the last two days of declines have sent RPL/USD down more than 25% from recent all-time highs.
in the short term Rocket Pool Price PredictionIf the Rocket Pool market weakens further, the price of the token could surge below $38.