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

• Rocket Pool/USDC closed down from a 5.33 high to 4.91, forming bearish momentum.
• A sharp 7.8% drop occurred after midday ET with minimal volume divergence.
• Bollinger Bands show price within a contraction phase, suggesting low volatility.
• Overbought RSI failed to materialize, indicating weak buyer conviction.
• Fibonacci levels at 5.02 and 5.21 are key for near-term directional clues.

The Rocket Pool/USDC (RPLUSDC) pair opened at 5.30 on 2025-10-06 12:00 ET and closed at 4.91 at 2025-10-07 12:00 ET, recording a high of 5.34 and a low of 4.87. Total trading volume reached 15,637.11, with a notional turnover of approximately $81,192. The price action reflects a strong bearish reversal, particularly after 20:00 ET when price dropped sharply with minimal volume, signaling a lack of buyers to defend key resistance levels.

The structure of the 24-hour chart reveals several bearish formations. A long-bodied bearish candle formed around 19:00 ET, followed by a series of weak green candles that failed to reclaim lost ground. A doji near 5.21 at 00:45 ET and another near 5.14 at 08:45 ET suggest indecision and potential turning points. Notably, the price appears to be forming a descending channel with 5.34 as the upper boundary and 4.87 as the lower boundary.

MACD showed a bearish crossover into negative territory after 20:00 ET, confirming the reversal in momentum. RSI, which initially showed overbought conditions at 5.33, failed to recover and remained below 50, indicating a lack of upward conviction. Bollinger Bands are currently in a contraction phase, with price hovering near the lower band, a sign of low volatility and potential for a breakout in either direction. The 20-period and 50-period moving averages on the 15-minute chart are both below price, reinforcing the bearish bias.

Fibonacci retracement levels drawn from the recent high of 5.34 and low of 4.87 highlight key levels of interest. The 61.8% level at 5.02 and 38.2% level at 5.21 appear to act as immediate psychological barriers. The 50-period moving average on the 15-minute chart is currently at 5.18, which may serve as a dynamic support level. Traders should monitor if price breaks above 5.21 to confirm a short-term bullish reversal or tests 4.87 again, which could trigger further selling pressure.

Backtest Hypothesis
Given the current bearish momentum and consolidation within a contracting Bollinger Band, a potential backtest strategy could focus on a short entry on a break below 4.87 with a stop just above 5.02 and a target at 4.75. Alternatively, a long entry could be triggered on a bullish confirmation above 5.21 with a stop at 5.10. Traders should also consider incorporating volume divergence as a filtering condition—entries should only be taken if volume confirms the breakout rather than preceding it. This approach aligns with the recent Fibonacci and moving average analysis and could provide a directional bias in the next 24–48 hours.