RPL/USDT – Rocket Pool Upgrade Sparks 60% Surge – Short-Term Caution Advised
Rocket Pool (RPL) exploded +58–62% in the last 24 hours, trading around $2.74–$2.80 after the Saturn One upgrade rollout. Key features include: fee switch for staked RPL to earn ETH revenue, node operator bond reduced to 4 ETH, megapools for scalability, withdrawal buffer, and lower token emissions for scarcity. These changes strengthen RPL’s value accrual in the ETH staking ecosystem.
Technical snapshot:
24h volume surged to $38–57M (+800%+), open interest +558% on Binance futures.
Broke rounded bottom pattern, now above MA-20/MA-50 (bullish short-term).
RSI ~74 (overbought), negative funding rate, still below MA-200 (~$3.91).
Volatility extreme: 24h range ~$1.70–$3.25 (~88%).
While fundamentals are strong and sentiment bullish (trending on X, whale accumulation), the sharp rally has pushed indicators into exhaustion territory. Short-term pullback risk is high toward $2.44–$2.66 support. If $2.90–$3.00 resistance holds firm, further upside to $3.10–$3.58 is possible; below $2.44 invalidates the bullish case.
Day traders: Consider fading overbought momentum with tight stops. Note that funding fee is high now if entering short.$
Long-term holders: upgrade fundamentals remain compelling.
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