Technical analysis by Innotrade_AJ about Symbol RPL: Buy recommendation (8/4/2025)

Firstly, our Algo-based indicators are used to create this analysis. Please Follow, Boost and leave your comments if you profited with our posts, so we may continue: This 4-hour chart for RPL/USDT highlights a key support area that could serve as a launchpad for the next bullish impulse. Analysis: Corrective Pullback: After a strong rally that peaked near $8.72, the price has entered a corrective phase, pulling back to a significant area of interest. The "BUY ZONE": A critical support zone has been identified between $6.48 and $6.80. This area represents a confluence of technical support: Horizontal Structure: It aligns with a previous support/resistance level, where price has reacted multiple times. Moving Averages: The price is currently testing the EMA 200 and is hovering just above the longer-term EMA 800, both of which often act as dynamic support during uptrends. Indicator Confirmation: The custom indicator at the bottom of the chart shows the price has dipped into the oversold "BUY" territory, and a fresh "B" (Buy) signal has just appeared. This suggests that selling pressure is exhausting and buyers are beginning to step in. Price Projection: The drawn black line illustrates a potential scenario where the price consolidates and accumulates within the "BUY ZONE." This period of sideways action would build a base before a strong continuation of the primary uptrend, targeting a retest and potential break of the recent high at $8.72. Strategy: Idea: Look for buying opportunities within the defined support zone. Entry: The area between $6.48 and $6.80 is the designated "BUY ZONE." Traders might look for signs of consolidation or bullish price action within this range to initiate long positions. Target: The initial target would be the recent high of $8.72. Conclusion: The current price action presents a classic dip-buying opportunity. The confluence of structural support, key moving averages, and a bullish indicator signal in the "BUY ZONE" suggests a high probability of a bullish reversal. Accumulation in this zone could fuel the next significant move upwards for RPL. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately.