Market Overview for Rocket Pool/USDC (RPLUSDC): 2025-10-12

• Rocket Pool/USDC (RPLUSDC) traded in a volatile range, breaking 3.78 near the end of the 24-hour window.
• Price formed a bullish engulfing pattern on 15-minute charts before a sharp retest.
• RSI approached overbought territory, while volume surged during the final 3-hour window.
• Bollinger Bands expanded as volatility increased, with price closing near the upper band.
• Turnover spiked during the 15:00–16:00 ET window, confirming the late rally.

Rocket Pool/USDC (RPLUSDC) opened at 3.64 on 2025-10-11 12:00 ET and closed at 3.60 at the same time the following day. The pair reached a high of 3.78 and a low of 3.40, posting a late-day rebound. Total volume over the 24-hour period was 18,174.43, with a turnover (notional value) of 63,562.04 USDC.

Structure & Formations

Price action on the 15-minute chart exhibited a mix of bullish and bearish signals. A key support level emerged around 3.52–3.54 as the price tested and bounced off this zone multiple times during the early morning hours. A strong bullish engulfing pattern formed around 15:30 ET, as the price surged from 3.74 to 3.78. This was later retested and confirmed as a short-term resistance-turned-support. A long-legged doji at 3.56 during the 03:45 ET candle suggests indecision at the mid-range of the day's action. The pair closed the 24-hour period with a moderate bullish bias, closing near the upper Bollinger Band.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart showed a clear divergence in the afternoon and evening hours, with the 20-period line crossing above the 50-period as the price accelerated upwards. On the daily chart, the 50-period moving average (approximately 3.57) acted as a strong support, with the price rebounding off it twice before the final rally. The RSI on the 15-minute chart pushed close to overbought territory (70+) during the late afternoon, suggesting potential near-term exhaustion unless the momentum is sustained by increased volume.

MACD crossed into positive territory late in the 24-hour period, confirming the bullish momentum. The histogram showed a clear expansion during the last three hours of trading, aligning with the price's final surge.

Bollinger Bands and Volatility

Bollinger Bands saw a notable expansion during the final six hours of the 24-hour window, indicating rising volatility. The price closed the period near the upper band at 3.60, a sign of strong bullish momentum. During earlier hours, the bands were relatively narrow, suggesting a period of consolidation before the breakout. The late expansion could indicate increased interest or market positioning ahead of an event or catalyst.

Volume and Turnover

Volume increased sharply during the final three hours of the 24-hour period, with the highest volume spike occurring between 15:00 and 16:00 ET. This coincided with the price reaching its intraday high of 3.78, confirming the strength of the move. Notional turnover mirrored the volume profile, with the highest turnover of 483.80 USDC recorded during the same period. A divergence was observed during the early morning hours when volume declined despite a sideways price action, indicating a possible exhaustion of selling pressure.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing from 3.40 to 3.78, the 61.8% level (3.63) acted as a short-term resistance and was briefly tested during the 08:30 ET candle. The 38.2% retracement (3.58) provided support twice during the early and late morning hours. On the daily chart, retracements of the broader swing from recent lows showed the 61.8% level aligning with the 50-period moving average, reinforcing its significance as a key level for near-term positioning.

Backtest Hypothesis

Given the late-day bullish breakout, a potential backtesting strategy could involve entering long near the 3.52–3.54 support zone with a stop-loss below 3.48 and a take-profit target aligned with the 61.8% Fibonacci level at 3.63. This setup leverages the strong volume and RSI momentum observed in the final hours, combined with the support-turned-resistance at 3.52. A trailing stop could be added to lock in gains during the expected continuation of bullish momentum.