Rocket Pool Breaks Multi-Year Pattern, Eyes 440% Gain

Rocket Pool has recently broken out of a multi-year falling wedge pattern, signaling a significant shift in its price trajectory. This breakout has set the stage for a potential climb towards $36, with the first major resistance level identified at $7.20. The technical indicators, including the MACD and RSI, support this bullish outlook, showing strong momentum and sustained buying pressure.

Price action for Rocket Pool has been firm, with the altcoin rebounding from its key support level of $5.50. Currently trading at $5.7354, Rocket Pool has shown a 1.52% increase in the last four hours. The short-term trend structure remains intact, with both the 14 EMA and 21 EMA beneath the current price. The RSI, currently at 54.30, indicates that the pullback is controlled, with volume holding steady at 4.455K on the latest SMA print.

The recent breakout above $5.00 earlier this week was marked by strong volume, confirming the bullish shift. Since then, Rocket Pool has moved into a tight consolidation above former resistance, with short-term wicks below $5.60 quickly bought up. The RSI spike toward 78 during the peak push showed strong buying momentum, and although it has since declined, it remains above 50, preserving trend confidence. The MACD histogram bars are shrinking, but the price remains above moving averages, keeping buyers in control.

Javon Marks, a technical analyst, outlines a larger technical story behind Rocket Pool’s strength. He reports that the altcoin has exited a multi-year falling wedge, a structure that began forming in early 2023. This wedge produced three higher momentum bounces from trendline support, culminating in a breakout above resistance. Marks emphasizes the bullish divergence on the MACD as key to this reversal, with the green histogram and crossover into positive territory adding 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. However, resistance between $6.95–$7.20 could slow the next wave. 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. Traders are closely watching Rocket Pool as the price holds above $5.50, setting the stage for a possible breakout beyond $7.20. The current momentum and technical indicators suggest that Rocket Pool’s bullish shift isn’t losing steam just yet, but the $7.20 resistance level could pose a challenge to its upward trajectory.