Rocket Pool Breaks Multi-Year Wedge, but $7.20 Could Slow the Climb

Rocket Pool has cleared a multi-year wedge and now targets $36 as momentum builds above key trendline support.

MACD flipped green while RSI holds steady, showing Rocket Pool’s bullish shift isn’t losing steam just yet.

Traders are watching Rocket Pool closely as the price holds above $5.50, setting the stage for a possible breakout beyond $7.

Rocket Pool has pushed into a breakout phase, with price structure and indicators signaling strength behind the current move. After prolonged compression, this altcoin is regaining momentum as bulls continue defending key short-term levels.

Price Action Firms as Support Levels Hold Steady

Rocket Pool has built a notable recovery after rebounding from its $5.50 zone, a key intraday support line. Price now trades at $5.7354, up 1.52% in the last four hours. With both the 14 EMA ($5.8926) and 21 EMA ($5.6859) beneath the current price, the short-term trend structure remains intact.

Momentum cooled from the July 11th peak of $6.67, but the uptrend continues above the EMA cluster. RSI currently sits at 54.30 off overbought levels but comfortably in bullish territory. This pullback appears controlled, with volume holding at 4.455K on the latest SMA print.

Source: TradingView

Rocket Pool saw a clean breakout above $5.00 earlier this week, marking a bullish shift with strong volume behind it. That breakout delivered rapid gains before price moved into a tight consolidation above former resistance. Short-term wicks below $5.60 were quickly bought up, confirming demand at that zone.

The recent RSI spike toward 78 showed strong buying momentum during the peak push. Since then, RSI has declined but holds above 50, preserving trend confidence. While MACD histogram bars are shrinking, price remains above moving averages, keeping buyers in control.

Wedge Breakout Triggers Aggressive Bullish Setup

Javon Marks outlines a larger technical story behind Rocket Pool’s strength. He reports the altcoin has exited a multi-year falling wedge, a structure that began forming in early 2023. That wedge produced three higher momentum bounces from trendline support, ending in a breakout above resistance.

Marks emphasizes the bullish divergence on the MACD as key to this reversal. While Rocket Pool made lower lows, MACD turned upward, signaling accumulation under the surface. The green histogram and crossover into positive territory add conviction to this shift.

Following the breakout, Marks identifies $36 as the first technical target, representing a 440% rise from the pattern base. The next target sits near $51-a 681% increase if buyers sustain control. Can Rocket Pool maintain this pace, or will resistance between $6.95–$7.20 slow the next wave?

Importantly, Rocket Pool continues trading above short-term supports near $5.50, forming a stable foundation for upside continuation. Buyers are defending this area with consistency, keeping pressure on resistance zones above. The wedge breakout and technical alignment confirm that Rocket Pool is transitioning into a bullish expansion phase.

Rocket Pool now trades with rising confidence, driven by clean structure, MACD alignment, and active support defense. Whether it extends toward $36 will depend on how bulls manage the next push beyond $7.00.