Market Overview for Rocket Pool/USDC (RPLUSDC) as of 2025-10-03

• RPLUSDC formed a bullish reversal pattern after hitting a 24-hour low of 5.07 before rallying to 5.44.
• Price remained above the 20-period EMA for most of the session, indicating short-term positive momentum.
• Volatility spiked during the early evening ET, with turnover surging amid a 6.5% price gain.
• RSI reached overbought territory briefly, suggesting potential short-term consolidation ahead.
• Bollinger Bands expanded as price traded near the upper band, signaling increased bullish energy.

Rocket Pool/USDC (RPLUSDC) opened at 5.07 on 2025-10-02 12:00 ET and closed at 5.23 on 2025-10-03 12:00 ET, with a high of 5.44 and a low of 5.07 over the 24-hour window. Total volume reached 19,263.64, and notional turnover amounted to $102,676.36. The pair experienced a sharp mid-session rally before correcting into a modest close, indicating a tug-of-war between buyers and sellers.

Structure & Formations

The price action displayed a strong bullish reversal formation during the 19:15–20:00 ET window, where RPLUSDC surged from 5.29 to 5.44 on heavy volume. A bullish engulfing pattern formed around 19:15 ET, confirming a shift in momentum. Later in the session, bearish pressure emerged, with price pulling back near the 5.25 level, forming a potential descending triangle pattern. Key support levels appear to be at 5.23 and 5.18, with resistance forming around 5.30 and 5.36. A doji formed at 05:30 ET after a brief overbought RSI reading, hinting at a possible short-term pause in the upward move.

Moving Averages & Bollinger Bands

On the 15-minute chart, the 20-period EMA rose from 5.15 to 5.22 during the session, while the 50-period EMA remained below, suggesting short-term strength. The 50-period SMA on the daily chart crossed above the 200-period SMA, indicating a broader positive trend. Bollinger Bands expanded significantly during the 19:00–20:30 ET window, as RPLUSDC traded near the upper band. This suggests increased volatility and a potential continuation of the upward move, though a pullback to the 5.23 level could provide a re-entry point for longs.

Momentum Indicators

The 12-period MACD histogram showed a strong positive divergence during the 19:15–20:00 ET rally, with bullish momentum peaking at 5.44 before tapering. The RSI climbed above 70 into overbought territory during the same period but closed near 59, suggesting the move could still be valid for a short to mid-term basis. A bearish crossover occurred in the late morning ET, but this was quickly negated by renewed buying pressure.

Volume & Turnover

Volume spiked to 1,064.84 at 19:45 ET, coinciding with a high of 5.44. This confirmed the strength of the move. However, turnover did not rise in sync with the price high, suggesting some distribution might be occurring. In the late session, volume declined to under 100 at multiple points, indicating waning momentum. Divergence between price and turnover should be monitored for signs of a potential top.

Fibonacci Retracements

Fibonacci retracements drawn from the 5.07 low to the 5.44 high showed key levels at 5.23 (38.2%) and 5.18 (61.8%). Price corrected into the 38.2% level before consolidating, suggesting this area could act as a short-term support. On the daily chart, a 61.8% retracement of the prior bullish move from 5.07 to 5.44 sits at 5.18, reinforcing the significance of this level for near-term traders.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a bullish engulfing pattern confirmed by a close above the 20-period EMA, with a stop-loss placed below the 50-period EMA. Given the recent RPLUSDC behavior, such a setup could capture part of the upward momentum while limiting downside risk. Traders might also look to take profit near the 5.36–5.39 Fibonacci resistance levels.