Market Overview: Rocket Pool (RPLUSDT) 24-Hour Analysis

• Rocket Pool (RPLUSDT) declined by ~7.4% over 24 hours, with bearish momentum intensifying after 19:00 ET.
• A large bearish engulfing pattern formed around 18:30–19:30 ET, confirming downward bias.
• Volatility expanded sharply in the last 10 hours, with volume surging over $150M as price dropped below key support at ~$7.65.
• RSI reached oversold territory (~30) near 05:00 ET, but price failed to rebound above 7.75.
• Bollinger Bands widened as Rocket Pool drifted to the lower band, signaling heightened bearish pressure.

Rocket Pool (RPLUSDT) opened at $7.89 on 2025-07-21 at 12:00 ET and closed at $7.45 on 2025-07-22 at 12:00 ET, with a high of $7.92 and low of $7.23. Total volume reached ~220,000 units, and notional turnover exceeded $1,650,000.

Structure & Formations

Rocket Pool formed a bearish engulfing pattern at ~18:30–19:30 ET, confirming a reversal from a short-term rally. Price then accelerated lower, finding temporary resistance at $7.75 and breaking below key support at $7.65. A doji formed near $7.75 at ~00:45 ET, hinting at indecision but failing to reverse the trend. The 24-hour low at $7.23 reflects a significant breakdown from prior consolidation.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, forming a death cross. Daily moving averages (50, 100, 200) remain above the current price, indicating Rocket Pool is in a short-term bear phase but still within a longer-term sideways range.

MACD & RSI

MACD turned negative and remained below the signal line, reinforcing bearish momentum. RSI bottomed around 30 near 05:00 ET, suggesting oversold conditions, but a rebound failed to take price above 7.75. This failure to bounce raises the risk of further downside.

Bollinger Bands

Volatility expanded as Rocket Pool hit the lower Bollinger Band, reaching the 24-hour low of $7.23. The widening bands suggest a period of heightened price swings, with the 20-period standard deviation reflecting increased uncertainty in the market.

Volume & Turnover

Volume surged from ~$150M in the last 10 hours, particularly between 01:00 and 05:00 ET and again between 13:00 and 15:00 ET, as price dropped below critical levels. Notional turnover confirmed the bearish breakout, with no signs of divergence. The largest 15-minute volume spike occurred at ~01:30 ET, coinciding with a sharp drop to ~$7.60.

Fibonacci Retracements

On the 15-minute chart, price found support at the 61.8% retracement level of the prior bullish swing (~7.75–7.83), but failed to hold. On the daily chart, the 38.2% retracement level is now at ~$7.40–$7.35, which may offer short-term support ahead.

Rocket Pool appears to be in a short-term bear phase with key support now in the $7.40–$7.25 range. A close below $7.40 could trigger further downside toward $7.20. However, a rebound above $7.75 would signal a potential reversal. Investors should remain cautious as volatility remains elevated and momentum remains bearish.