Market Overview for Rocket Pool/USDC (RPLUSDC) on 2025-10-13

• Price traded in a 24-hour range of $3.72–$3.98 with a late-night recovery attempt
• A large-volume bullish surge at 19:30 ET broke through a prior resistance at $3.89
• Low-volume consolidation followed, suggesting uncertain momentum ahead
• Volatility spiked with a 15-minute range of $3.78–$3.91 early in the morning
• No strong overbought or oversold RSI readings were observed during the session

Rocket Pool/USDC (RPLUSDC) opened at $3.72 (12:00 ET−1), traded between $3.72 and $3.98, and closed at $3.85 (12:00 ET). Total traded volume reached 6,409.55 units, with a 24-hour notional turnover of $24,165.89. The pair experienced moderate volatility, with a strong bullish breakout early in the session followed by consolidation.

Structure & Formations

Price action revealed a key resistance area forming near $3.89–$3.91, which saw repeated testing and a successful break above in a high-volume candle at 19:30 ET. A bullish engulfing pattern formed at that time, indicating a potential short-term reversal from bearish to bullish. Later in the morning, a bearish breakout occurred near $3.85–$3.83, forming a small bearish channel. A doji candle formed at $3.85, signaling indecision and a potential pause in the trend. Key support levels identified include $3.83–$3.85 and $3.77, with the 15-minute chart showing consolidation within a $3.77–$3.91 range.

Moving Averages and Bollinger Bands

The 20- and 50-period moving averages on the 15-minute chart crossed upward during the bullish breakout, confirming the momentum. Price briefly touched the upper Bollinger Band at $3.91, indicating a high volatility period, and then retracted toward the center band. The bands showed expansion during the breakout phase and have since begun to contract, signaling a potential for lower volatility and a consolidation phase ahead.

MACD & RSI

The MACD line crossed above the signal line during the breakout, confirming bullish momentum. However, the RSI remained in neutral territory, peaking at 58 and not reaching overbought levels, suggesting that the bullish move may not be overextended. Later in the morning, the RSI dipped toward 47, indicating a potential for a deeper correction into support levels.

Volume & Turnover

Volume spiked to 2,092.53 units during the 19:30 ET bullish breakout, confirming the move, while later consolidation saw volumes drop significantly. A notable divergence occurred between price and volume during the early morning sell-off, as volume failed to rise with the price drop. The total notional turnover reached $24,165.89, with most trading concentrated in the $3.83–$3.91 range. The low-volume dojis and sideways bars suggest weakening conviction in the current trend.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $3.72 to $3.98, the 23.6% retracement level sits at $3.90, which was tested but not held. The 38.2% retracement is at $3.86 and currently aligns with the 50-period MA, indicating a key level to watch. The 61.8% retracement is at $3.81, which has shown support multiple times during the 24-hour window. These levels may provide potential points for continuation or reversal depending on the next price action.

Backtest Hypothesis

Given the observed bullish engulfing pattern at 19:30 ET, a backtest strategy could be constructed to capture similar setups for RPLUSDC from 2022-01-01 to today. The hypothesis would involve entering a long position on confirmation of the pattern, with a stop-loss placed below the prior swing low and a target set at the 38.2% Fibonacci retracement or the upper Bollinger Band. Testing this approach would help validate the reliability of such patterns in predicting short-term momentum shifts in the pair.