• RPL maintains higher lows above a rising trendline, with support firmly established at $6.46.
• The EMAs of short-run and mid-run have inverted to the bullish side, which proves momentum and enhances the current up-trend.
• The resistance is at $7.06 and the higher targets are at $9.46 and $19.91 in case the ascending triangle is solved upwards.

Rocket Pool’s RPL token is displaying clear signs of price strength, holding its ground above a rising trendline support. On the 4-hour chart, RPL recently gained 3.07%, trading at $6.72 by the time of writing. This bounce extends a sequence of higher lows, with price action respecting the ascending trendline on numerous occasions. 

Such repeated confirmation of support suggests continued buying interest at these levels. Of particular note, market structure remains bullish as long as this trendline is respected. With the current setup, focus shifts to nearby resistance levels and potential breakout catalysts.

EMA Crossover Supports Ongoing Bullish Momentum

The exponential moving averages (EMAs) have turned bullish, and this reflects a better short-term sentiment among traders. After a sideways consolidation, the price has regained ground above both the short-term and mid-term EMAs. This reversal of fall justifies the case of further rise, particularly with the EMAs starting to ascend.

While the EMAs often lag price, their crossover serves as a useful confirmation for trend shifts. In this case, the bullish crossover adds weight to the current structure. As prices continue to hover near key short-term levels, the EMAs may provide additional dynamic support. This setup could help stabilize price above the $6.46 support floor, which has not been breached in recent sessions.

Resistance Levels and Breakout Thresholds Now in Focus

At present, RPL is trading between the $6.46 support and $7.06 resistance range. The decisive break above $7.06 would indicate movement beyond the local highs, which may open the way to the higher resistance areas. The second resistance is at $9.46 and a long run upside point can be found at $19.91. Price is tight inside an upward triangle which is generally related to breaking out following a spell of consolidation.

Notably, the current range compression reflects building momentum. As price continues to make higher lows and approaches resistance, traders are closely watching for volatility expansion. Should momentum hold, the market may soon test the upper boundaries of this structure.

As the market tightens between higher support and established resistance, upcoming sessions could bring a decisive move. Volume patterns and structure continue to support a bullish outlook, provided the $6.46 support remains unbroken. The situation remains technically constructive as long as the current structure holds.