Price Prediction:
Short-term (1-3 months): The price is likely to test the $10.00 support zone. If breached, expect a rapid decline to $7.38.
Mid-term (6-12 months): A potential recovery to $13.69 depends on improved earnings and bullish technical patterns, with $15.47 as the upper bound.
The technical and fundamental outlook for RKT remains bearish in the short term, with a speculative potential for mid-term recovery contingent on structural improvements and positive earnings surprises. Aggressive traders may capitalize on short opportunities near $10.20, while conservative traders should await a confirmed breakout above $12.50 for long positions. Adherence to strict risk management is paramount due to heightened volatility.
Short-term (1-3 months): The price is likely to test the $10.00 support zone. If breached, expect a rapid decline to $7.38.
Mid-term (6-12 months): A potential recovery to $13.69 depends on improved earnings and bullish technical patterns, with $15.47 as the upper bound.
The technical and fundamental outlook for RKT remains bearish in the short term, with a speculative potential for mid-term recovery contingent on structural improvements and positive earnings surprises. Aggressive traders may capitalize on short opportunities near $10.20, while conservative traders should await a confirmed breakout above $12.50 for long positions. Adherence to strict risk management is paramount due to heightened volatility.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.