RKT has been consistently making higher highs since late 2022. A rally toward the end of 2023 drove the price up from $7 to around $18. Although the expanded supply block at that level has capped further gains, the price continues to consolidate above $10, still finding support from the mitigation block in that area.
However, because the consolidation is ongoing, the current price trend remains unclear—both the 30- and 50-period EMAs are flat.
In the medium term, once this consolidation phase completes, the price is expected to resume its move back toward $18 and beyond.
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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.