$RPL /USDC BEARISH PRESSURE INTENSIFIES – WATCH FOR SUPPORT TEST
$RPL /USDC has plunged to 2.26 USDC, shedding 11.37% in 24 hours, as short-term momentum remains firmly bearish. The MA(7) at 2.28 sits below MA(25) 2.34 and MA(99) 2.31, while the MACD is negative (-0.01) signaling sustained selling pressure. Price is approaching key support at 2.21, and a break below could accelerate downside.
Trade Setup
Entry Zone: 2.21–2.24 USDC (near strong support)
Take Profit 1: 2.31 USDC (first bounce/resistance)
Take Profit 2: 2.36 USDC (retest of minor resistance)
Stop Loss: 2.18 USDC (below critical support)
Market Outlook
Trend: Short-term bearish, testing support
Momentum: Weak, sellers in control
Key Levels:
Support: 2.21, 2.19
Resistance: 2.31, 2.36, 2.42
Price is likely to hover near support before any potential rebound. Traders should monitor MACD divergence and volume spikes for early reversal signals.
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