{"id":20091,"date":"2023-04-21T19:36:20","date_gmt":"2023-04-21T19:36:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/rpl-whales-signaled-local-top\/"},"modified":"2023-04-21T19:36:20","modified_gmt":"2023-04-21T19:36:20","slug":"rpl-whales-signaled-local-top","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/rpl-whales-signaled-local-top\/","title":{"rendered":"RPL whales signaled local top"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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The price of\u00a0Rocket Pool (RPL)<\/u><\/a> faces fresh downside pressure near $45, with bulls\u2019 attempting to turn the level into a new primary support zone. As of 12.50 pm ET on Friday, the RPL token was trading around $46.60 \u2013 about 2.4% down in the past 24 hours.<\/p>\n

RPL is one of the altcoins that rallied hard as Ethereum<\/a> activated the Shapella upgrade.<\/p>\n

RPL price- data shows whales sold right at the local top<\/h2>\n

As CoinJournal highlighted<\/a> on 14 April, Rocket Pool, Arbitrum and Loopring were among the altcoins to swell as Ethereum (ETH) broke out to $2,100 after the Shapella upgrade. The profit pivot to altcoins saw Rocket Pool\u2019s RPL soar past its previous peak, amid increased buying pressure as the Atlas upgrade<\/a> inched closer.<\/p>\n

According to on-chain data from crypto market intelligence platform Santiment, the Rocket Pool price dumped as whales took profits right at the local top.<\/p>\n

On 16 April 2023, RPL price rose to its all-time high of $61.87 before the momentum faded. Santiment says the cryptocurrency continues to see large whale volumes to add to the 70 that involved more than $100,000 worth of RPL.<\/p>\n

The 70 transactions signaled the top for Rocket Pool price and is the second largest whale dump for RPL after the 111 large transactions involving more than $100k on 8 November 2021. At the time, RPL price had hit its then ATH of $59.47, Santiment noted.<\/p>\n

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\ud83d\udc0b\ud83d\ude80 #Rocketpool<\/a> whales perfectly signaled the top as they took profit just after the asset’s #AllTimeHigh<\/a> at $61.87. The 70 $100k+ transactions was the 2nd largest behind the 111 $RPL<\/a> transfers made on Nov. 8, 2021 in the midst of the then #ATH<\/a> $59.47. https:\/\/t.co\/mzVc8iI5yT<\/a> pic.twitter.com\/CampspI2zR<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) April 21, 2023<\/a><\/p>\n<\/blockquote>\n

Rocket Pool price prediction<\/h2>\n

Although Rocket Pool\u2019s native token is up 14% over the past month, declines over the last two days have seen RPL\/USD shed more than 25% from its recently hit all-time high.<\/p>\n

In terms of short term\u00a0Rocket Pool price prediction<\/u><\/a>, further weakness in the Rocket Pool market could see the token\u2019s price hurtle towards $38 or lower.<\/p>\n

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