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

• Rocket Pool/USDC (RPLUSDC) formed a bullish reversal on 15-minute charts with strong volume on the final 4-hour candle.
• Price action showed a 3.37–3.39 consolidation before a late rally with high turnover at 3.39.
• Bollinger bands tightened in the early session, expanding as volatility increased mid-day.
• Key resistance is forming at 3.38–3.39, with 3.26–3.27 acting as short-term support.
• A divergence in price and volume on the 3.26–3.27 pullback suggests caution ahead.

Rocket Pool/USDC (RPLUSDC) opened at 3.30 on 2025-11-01 at 12:00 ET and closed the 24-hour period at 3.37 by 12:00 ET the following day. The high reached 3.40, while the low was 3.19. Over the last 24 hours, the pair traded with a total volume of 6,571.87 units and a notional turnover of $21,752.77, showing increased liquidity and attention in the final hours of the day.

Structure & Formations

The 15-minute chart displayed a bearish breakdown from the 3.26–3.27 support range early on, followed by a strong reversal pattern in the late session. A bullish engulfing pattern formed at 3.37, signaling potential follow-through. Key support levels include 3.26–3.27 and 3.23, while resistance is now consolidating between 3.38 and 3.39. A doji formed at 3.39 during the consolidation phase, indicating indecision before a breakout.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart remained within a tight range throughout the session, reflecting a sideways bias earlier in the day. By the close, the 20-period MA crossed above the 50-period MA in the late session, forming a potential short-term bullish crossover. For daily charts, the 50-period MA is currently above the 100-period and 200-period MAs, but with a flattening trend that suggests a potential shift in momentum.

MACD & RSI

The MACD line crossed above the signal line in the late session, confirming a short-term bullish bias. The histogram widened, showing increasing momentum on the 3.37–3.39 rally. RSI reached 55 near the close, suggesting the market is not yet overbought but is showing signs of renewed buyer interest after the earlier bearish breakdown. A return to the 40–50 range could indicate a period of consolidation ahead.

Bollinger Bands

Bollinger Bands contracted in the early morning, with price action hovering near the middle band, indicating a period of low volatility. As the session progressed, the bands expanded significantly, with price testing the upper band at 3.39 and briefly touching the lower band during the 3.26–3.27 pullback. This suggests an increase in short-term volatility and a potential continuation pattern, especially if the upper band is tested again.

Volume & Turnover

Volume spiked significantly in the final four hours of the session, with the largest trade occurring at 3.39, where 246.75 units were exchanged for a notional value of $822.58. Turnover was relatively low before 08:00 ET but surged after 10:00 ET as buyers entered the market ahead of the 3.39–3.40 consolidation. A divergence in price and volume was noted during the 3.26–3.27 pullback, with price declining while volume remained low, suggesting limited bearish conviction.

Fibonacci Retracements

Applying Fibonacci to the 3.19–3.40 swing, the 61.8% level is at 3.30, which held as a key support during the consolidation phase. The 38.2% retracement is at 3.28, which acted as a temporary support before the 3.37 rally. The 78.6% level at 3.39–3.40 is a critical resistance area, with a strong rejection observed at this level, suggesting the pair may test this again in the next session.

Backtest Hypothesis

Given the lack of RSI data for RPLUSDC, a backtest using RSI would need a verified symbol and market. However, based on the current pattern and volume, a potential RSI-based strategy could involve entering long at the 3.37–3.39 breakout with a stop just below 3.26. This aligns with the bullish engulfing pattern and MACD crossover. To ensure accuracy, a confirmed symbol for RPLUSDC (e.g., correct exchange or data source) is required to fetch the RSI and complete the backtest from 2022-01-01 to present.