Market Overview for Rocket Pool/USDC (RPLUSDC) – October 29, 2025

• Rocket Pool/USDC (RPLUSDC) traded in a tight range before breaking out to the upside late in the 24-hour period.
• Price declined sharply after the 17:15 ET candle, dropping to 3.31 before stabilizing.
• A large bearish candle at 19:30 ET confirmed a shift in sentiment, followed by consolidation.
• Volume spiked significantly in late evening hours, particularly around 20:30 and 21:15 ET, suggesting increased activity.
• Final 12-hour session saw a steady climb back toward 3.39, with momentum favoring the bulls.

Rocket Pool/USDC (RPLUSDC) opened at 3.43 at 12:00 ET on October 28, reached a high of 3.47, and a low of 3.27 before closing at 3.39 at 12:00 ET on October 29. Total volume over 24 hours was 3,508.59, with turnover in the range of ~64–68 units, reflecting uneven but notable participation.

The price action showed a volatile midday decline driven by a high-volume 19:30 ET candle that took the pair down to 3.31. This was followed by a period of consolidation and a late-day recovery. The formation during the session resembled a bullish rebound after a bearish breakdown, suggesting short-term indecision but with some upward bias in the final hours.

A 20-period moving average on the 15-minute chart intersected the price multiple times, indicating a churning market, while the 50-period MA offered a clearer directional filter. The 50-period MA currently sits above the 20-period line, suggesting a potential bearish crossover could occur if the price continues to weaken. On the daily chart, the 50- and 200-period MAs remain closely aligned, offering limited directional clarity for longer-term investors.

MACD and RSI showed mixed signals. RSI dipped into oversold territory around 3.31 but has recovered to mid-40s, indicating a balance between buyers and sellers. The MACD line crossed the signal line in the late hours, signaling a potential upward shift in momentum. Bollinger Bands reflected a contraction during the midday lull, followed by an expansion as volume surged late in the session.

Volume and turnover spiked significantly in the 20:30–21:45 ET window, coinciding with the price rebound from 3.31 to 3.34. This suggests a shift in buying pressure after a period of bearish dominance. However, the lack of a consistent trend over the entire 24-hour window and the presence of large, high-volume bearish candles suggest a cautious outlook. Divergences between volume and price during the late-day rally were not pronounced, offering some confirmation of the upward move.

Fibonacci retracement levels applied to the 19:30–22:30 ET swing showed the price hitting the 61.8% level at 3.33 before bouncing back, a sign that the bearish move may have found some near-term support. On the daily chart, the 38.2% Fibonacci level sits near 3.36, which could serve as a key near-term target or support depending on the following session.

Backtest Hypothesis

A backtesting strategy could be constructed using the candlestick patterns observed and the technical signals identified. For example, a long entry could be triggered on the appearance of a Bearish Engulfing pattern — such as the one seen on the 19:30 ET candle — followed by an exit when the price crosses below the 50-period moving average. This crossover rule would help lock in gains after a short-term bearish move is confirmed.

Alternatively, a more bullish approach could involve entering after a bullish candlestick pattern (e.g., a Hammer or a Bullish Reversal) and exiting on a bearish MA crossover. Given the high volume and the late-day rally, the pair may be suitable for intraday strategies that capitalize on short-term volatility.