Recently, the crypto market has been captivated by a "rocket fever." According to Gate market data, Rocket Lab (RKLB) closed at $82.465 on April 17, surging 12.04% in a single day, with an intraday high of $82.770 and a trading volume reaching $2.615 billion.
On April 16, Gate TradFi data already detected a sharp 12% spike in RKLB within a short period, with market activity far exceeding recent averages. Combining the gains from April 16 and 17, RKLB has climbed over 20% in total, making it one of the hottest topics at the intersection of traditional finance (TradFi) and the crypto market.
As of April 17, RKLB’s total market capitalization has soared to approximately $47.5 billion, with a cumulative gain of over 200% in the past 12 months.
Technical Analysis: Key Signals Confirmed
Breakout from Descending Wedge: On April 16, RKLB was observed on Gate Square to have "quietly broken out of a descending wedge," gaining momentum above the red resistance zone and rallying swiftly.
Bullish Moving Average Alignment: From a technical standpoint, RKLB previously fell below the critical $65 support level but has now reclaimed that position. It has also moved back above both the 50-day and 20-day moving averages and is holding steadily above the 200-day moving average. The 50-day moving average has shifted from being a resistance level to acting as support.
Crucial Breakout Signal: Analysts generally agree that once RKLB holds above $78, it will trigger a breakout on higher timeframes and kick off a new upward trend. A report from FXEmpire further notes that if RKLB breaks through $78.67, the next target is the previous high at $99.58, with further upside aiming for $111.40 and $118.14.
Catalysts: Multiple Bullish Drivers Converge
- Mynaric Acquisition Completed: On April 14, Rocket Lab completed its $155.3 million acquisition of German laser optical communications company Mynaric, securing core technology and establishing its first business foothold in Europe.
- Gauss Thruster Debut: On the same day, Rocket Lab launched its innovative electric satellite propulsion system, Gauss, with an annual production capacity exceeding 200 units, directly addressing key market needs.
- iQPS Places Additional Orders: Not long before, Rocket Lab signed a new multi-launch contract with Japan’s iQPS, increasing its total mission count to 15.
- Analyst Upgrades Flood In: Citigroup upgraded RKLB from "Market Perform" to "Outperform," and Cantor Fitzgerald maintained its $85 price target. Currently, the 12-month average price target from 17 analysts stands at $79.42, with the highest projection reaching $120.
- Neutron Rocket Nears Launch: As the company’s most significant growth catalyst, the Neutron medium-lift reusable rocket is expected to make its maiden flight by late 2026 or early 2027, seen as a pivotal moment for Rocket Lab’s valuation.
How to Go Long on RKLB via Gate TradFi?
With RKLB’s rally underway, the Gate TradFi Stock Token section has become a key gateway for crypto traders to conveniently participate in this long opportunity. Gate’s stock tokens are not the underlying stocks themselves, but blockchain-based instruments that mirror stock price movements, allowing users to trade 24/7 using USDT and other stablecoins.
Here’s how to get started:
Step 1: Enter the Stock Token Zone. Open the Gate App, tap "Spot" → "Stock Tokens" to access the stock token trading page. Alternatively, switch the market category to "Stock Tokens" from the spot trading page.
Step 2: Search for RKLB. Enter "RKLB" or "Rocket Lab" in the search bar to find the corresponding stock token trading pair (usually denominated in USDT).
Step 3: Execute a Buy Order (Go Long). On the trading page, input your desired buy price, quantity, or total amount, then click the "Buy" button to open a long position.
Step 4: Manage Your Position. After the order is filled, you can view your holdings on the "Assets" page. Unfilled orders can be checked or canceled under "Trading Panel" → "Current Orders."
Advantages of Gate Stock Tokens:
- No Securities Account Needed: Trade directly within your Gate account—no need to open a traditional brokerage account.
- Around-the-Clock Trading: Not limited by US stock market hours; trade or take profits 24/7.
- USDT Settlement: Profits and losses are reflected directly in your USDT or stablecoin balance, unified with your crypto assets.
- Low Entry Barrier: No whole-share restrictions; adjust position size flexibly based on your capital.
Risk Warning
Stock tokens are high-volatility instruments for price participation. Holding stock tokens does not equate to owning company shares, nor does it confer voting rights or dividend entitlements. Prices are influenced by both the underlying stock market and crypto market sentiment, and contract trading may amplify gains and losses. Please manage your position sizes according to your own risk tolerance.
Conclusion
RKLB has shown strong momentum recently, with its share price surging from $73.60 to $82.465, driven by multiple bullish factors: the completion of the Mynaric acquisition, the debut of the Gauss thruster, additional orders from iQPS, widespread analyst upgrades, and the upcoming Neutron rocket launch. Technically, RKLB has regained key moving averages, and breaking above $78 has opened up further upside potential.
For crypto traders looking to ride this trend, the Gate TradFi Stock Token section offers a convenient tool—no securities account required, 24/7 trading, and USDT settlement—making it simple and efficient to go long on RKLB. With a clear understanding of the product’s positioning and risk boundaries, traders can flexibly incorporate stock tokens into their cross-market strategies.
