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Venus (XVS) and Rocket Pool (RPL) Technical Analysis: Prices Pump Above Resistance Levels

source-logo  cryptoknowmics.com 13 September 2021 12:24, UTC

Venus and Rocket Pool prices are mixed. As XVS prices struggle above $30, RPL bulls are pumping and may retest all-time highs of around 0.0095 ETH of Q1 2021 highs.

Venus (XVS)

Venus, the Binance Smart Chain (BSC)-based algorithmic money market and synthetic stablecoin protocol, relies on the XVS token for governance.

Past Performance of XVS

The XVS token is down six percent at the time of writing.

From the XVS technical analysis on the daily chart, the path of the least resistance is northwards.

However, XVS crypto prices are presently in range inside September 7 bear candlestick.

Day-Ahead and What to Expect

Overall, XVS token buyers have a chance. Nonetheless, this is provided Venus token prices trend above $30—the immediate support line.

Being more optimistic, a close above $40 would shift price action in favor of buyers in a buy trend continuation towards H1 2021 highs of around $140.

Venus Technical Analysis

The XVS crypto price is bullish despite weakness on the last trading day.

Although XVS is bearish week-to-date, buyers stand a chance above $30.

Even so, from an Effort-versus-Results perspective, sellers are in control.

Therefore, losses below $30 could trigger an XVS coin selloff forcing the coin back to $13 in the short term.

Rocket Pool (RPL)

Ahead of the Eth2 launch, the Rocket Pool platform is where ETH holders would delegate their coins and earn rewards. The protocol relies on RPL as the internal currency.

Past Performance of RPL

The RPL crypto is trading within a bullish breakout pattern versus ETH.

For now, RPL is stable on the last trading day as the RPL token inches closer to H1 2021 highs.

Day-Ahead and What to Expect

Overall, RPL coin buyers are in the driving seat.

As per the Rocket Pool technical analysis in the daily chart, the RPL token is within a bullish breakout pattern, breaking away from a five-month resistance—now support—mark.

At this pace, RPL might print new all-time highs.

Rocket Pool Technical Analysis

RPL token buyers are ecstatic and in the driving seat.

After over five months of consolidation, RPL prices are now breaking higher towards H1 2021 highs.

From the candlestick arrangement in the daily chart, every low might offer a loading opportunity for aggressive traders angling for a retest of March 2021 highs of around $0.0095 ETH.

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