Market Overview for Rocket Pool/USDC (RPLUSDC) – 24-Hour Analysis

• RPLUSDC surged 9.8% over 24 hours, closing near a multi-day high of $7.14.
• High volume surges ($34,483.27) and volatility-driven patterns suggest strong short-term interest.
• RSI and MACD show overbought conditions, hinting at potential near-term profit-taking.
• Bollinger Bands widen, reflecting increased volatility with price near upper band.
• Volume and turnover align with upward price movement, confirming bullish momentum.

Rocket Pool/USDC (RPLUSDC) opened at $6.41 on 2025-09-12 at 12:00 ET and surged to an intraday high of $7.28 before closing at $6.90 at 12:00 ET on 2025-09-13. The pair traded between $6.4 and $7.28 with total volume of 12,514.68 and notional turnover of $84,483.27. The 24-hour session was marked by high volatility and significant volume spikes.

Structure & Formations

The 15-minute OHLC data reveals a series of bullish engulfing and hammer patterns during the early hours of the session, particularly between 00:00 and 04:00 ET. A key support level formed around $6.85–6.86, while resistance emerged at $6.95–6.97 and $7.10–7.15. A strong breakout above the $7.10 level occurred mid-session, followed by a consolidation phase in the afternoon. A bearish divergence in price and volume appears after 14:00 ET as price retreated to $6.90 with declining volume.

Moving Averages

On the 15-minute chart, the 20-period MA is trending upward and crossed above the 50-period MA, signaling a bullish bias. On the daily chart, the 50-period MA is approaching the 100-period MA, suggesting a potential retest of key moving average lines in the near term. The 200-period MA remains well below the current price, reinforcing the short-term bullish momentum.

MACD & RSI

The MACD line crossed above the signal line early in the session and maintained a positive momentum for most of the day. RSI reached overbought territory above 70 for several hours, peaking near 78 during the midday rally. While this suggests a risk of pullback, the sustained volume during the rally provides some support for continuation. A drop in RSI below 65 in the afternoon may indicate short-term profit-taking.

Bollinger Bands

Bollinger Bands widened significantly during the early morning rally, with price pushing above the upper band multiple times. The expansion indicates heightened volatility and strong directional momentum. Price has since retracted toward the middle band in the afternoon, but remains above the 20-period MA, suggesting continued bullish sentiment.

Volume & Turnover

Volume surged over $34,000 in the early morning session, coinciding with the breakout above $7.10. Turnover also peaked during this period, confirming the bullish move. After 14:00 ET, volume and turnover declined in line with the pullback, indicating limited short-term follow-through. Divergence between price and volume after this point suggests caution ahead.

Fibonacci Retracements

Fibonacci levels drawn from the $6.4 to $7.28 swing show that the pullback found support at the 61.8% ($6.92) level before retreating to $6.90. A retest of the 78.6% retracement ($6.78) is possible in the next 24 hours if the current support levels fail.

Backtest Hypothesis

The backtest strategy suggests using a combination of RSI overbought conditions (>75), a bullish MACD crossover, and a breakout above the upper Bollinger Band as entry triggers. The strategy also recommends placing a stop-loss just below the most recent support (e.g., $6.85–6.86) and taking partial profits at key Fibonacci retracement levels. Given the recent overbought conditions and strong volume confirmation, this approach could be viable for short-term traders seeking to capture momentum before a potential consolidation phase.