LSD (Liquid Staking) coins, with the Ethereum Shapella update that will take place on April 12, started to talk about whether Ethereum, which will be unlocked by investors, will be staked again on these platforms. As mentioned, we would like to share their technical analysis with you, as there may be activity in platform coins if they are staked on these platforms.
You can also take a look at the analysis of the effect of the Ethereum Shapella update on the price.
On the horizontal, the support level that we are currently following and think is important is the $2.24 – $2.20 region. He thinks that if there is a pullback in this region, buyers may be more willing in this area. Looking at the current price structure, there is a falling wedge and this wedge has been broken to the upside. In case the uptrend continues with the wedge break, the resistance level he expects to receive the first reaction will be the $2.50 region. If it persists above this resistance, it will want to test the $2.80 resistance.
Looking at the current price structure, it is seen that the bearish market structure continues. However, if it closes above $9,010, it will have turned the market structure into bullish and buying on its correction may be considered. In case of a possible decline, the support level followed is the $8.48 – $8.33 zones. If the uptrend continues, the resistance level he expects to receive the first reaction is $9.26 and the next resistance is $9.80.
$RPL, the cryptocurrency of the Rocket Pool platform, formed a nice uptrend with the announcement of LSD coins. It seems to have turned the market structure into bullish in the short time frame by getting reaction from the order block level that made the last High and also the rising trend support. If the uptrend continues, $47 as the first resistance and $50 as the second resistance can be followed.