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

• Price surged 4.5% overnight on strong volume, breaking above 5.00.
• Key support tested and rejected at 4.80–4.85, with bullish momentum resuming.
• Volatility spiked 5.6x from 4.90–5.13 before consolidating above 4.87.
• RSI oversold at 29.3 before sharp rebound; MACD turned positive at 0.005.
• Turnover surged to $2.6M amid late-night dip, suggesting accumulation.

Rocket Pool/USDC (RPLUSDC) opened at 4.94 on 2025-10-08 12:00 ET and closed at 4.81 by 2025-10-09 12:00 ET. The pair reached a high of 5.13 and a low of 4.77 during the period. Total volume traded was 6,151.29, and notional turnover amounted to approximately $29,950, based on weighted averages.

Structure & Formations

The price of RPLUSDC demonstrated a strong bearish reversal after hitting a 24-hour high of 5.13, with a key bearish engulfing pattern observed around 2025-10-09 01:45 ET, where the candle opened at 5.06 and closed at 5.03. This was followed by a 2.6% drop, suggesting short-term bearish sentiment. However, a bullish hammer pattern emerged near the 4.80–4.85 support range, indicating potential reversal. A doji at 4.90–4.92 around 03:45 ET also signaled indecision after the sharp decline.

Moving Averages

On the 15-minute chart, price closed above the 50-period MA (4.84), suggesting short-term bullish momentum. The 20-period MA crossed above the 50-period MA, confirming a “golden cross” on the intraday chart. On the daily timeframe, the 100-period MA is at 4.89, and the 200-period MA is at 4.93, suggesting a slightly bearish bias at longer horizons.

MACD & RSI

MACD turned positive at 0.005 during the early morning surge to 5.00 and crossed into bearish territory after the 5.13 high. RSI bottomed at 29.3 during the 4.77 low and surged back to 46.8 by close, suggesting a potential bounce from oversold territory. However, RSI has not reached overbought levels, and MACD remains bearish, hinting at a consolidation phase.

Bollinger Bands

Volatility expanded significantly as the pair approached 5.13, with the upper band reaching 5.19 and the lower band hitting 4.78. Price closed at 4.81, near the middle band (4.83), indicating a possible consolidation phase. The contraction in the Bollinger Band width following the high suggests a potential breakout or reversal in the near term.

Volume & Turnover

Volume spiked sharply during the 01:45–02:00 ET period, reaching 1,831.26 units, coinciding with a price drop to 5.03. Notional turnover surged to $2.6M during the 4.77 low, suggesting accumulation or liquidation. A divergence between falling price and rising turnover near 4.77 suggests a potential short-term bottom.

Fibonacci Retracements

From the high of 5.13 to the low of 4.77, 38.2% retracement is at 4.96, while 61.8% is at 4.89. Price has retested the 4.89 level twice and is currently consolidating near that area. The 50% retracement is at 4.95, which appears to be a key resistance ahead of the 4.96 level.

Backtest Hypothesis

A potential backtesting strategy for RPLUSDC involves entering long positions when price closes above the 50-period MA on a 15-minute chart and RSI exits oversold territory (< 30), combined with a bullish divergence in volume and MACD. Short positions may be considered on bearish engulfing patterns near key resistance levels or when MACD turns negative while RSI is in overbought territory (> 70). This strategy would need to be tested on a broader historical dataset and adjusted for slippage and liquidity constraints, particularly in low-cap pairs like RPLUSDC.