Summary
• Rocket Pool/USDC consolidated near $1.82–1.83 before surging to $1.89 on strong early-volume spikes.
• A bullish engulfing pattern formed around 23:15 ET, followed by a sharp retest and a possible 61.8% fib confirmation.
• Volume spiked over $316k at 00:30 ET but failed to sustain the momentum, hinting at potential exhaustion.
• RSI showed overbought levels early but cooled into neutral territory, suggesting short-term momentum waned.
• Bollinger Bands constricted mid-cycle before a breakout, signaling elevated volatility and possible continuation.
Rocket Pool/USDC (RPLUSDC) opened at $1.82 on 2025-12-21 at 12:00 ET, reached a high of $1.89, a low of $1.80, and closed at $1.88 on 2025-12-22 at 12:00 ET. Total 24-hour volume amounted to 9,871.45, with a turnover of $17,267.80.
Structure & Formations
Price spent most of the session consolidating between $1.81 and $1.85 before a sharp breakout from 00:15 ET. A strong bullish engulfing pattern formed on the 23:15 ET candle, indicating a reversal of prior bearish momentum. A retest of the breakout high at $1.88 occurred by 02:15 ET, and a 61.8% Fibonacci retracement from the $1.80–1.89 range aligned with this level, suggesting temporary support.
Technical Indicators
The 20- and 50-period moving averages on the 5-minute chart crossed to the upside near the close of the consolidation phase, signaling a short-term trend shift. The MACD histogram turned positive with a rising trend line, indicating building bullish momentum. RSI peaked near 70 before retreating to a neutral range, suggesting short-term overbought conditions dissipated.
Bollinger Bands showed a tight contraction between 22:30 and 23:45 ET, followed by a breakout to the upside. Price briefly traded above the upper band after the 00:15 ET spike, indicating elevated volatility.
Volume and Turnover
Volume spiked sharply at 00:15 ET with a $316.96k turnover, followed by a smaller but still notable 319.59k at 00:45 ET as price corrected. However, volume diminished through the early morning, suggesting reduced conviction in the upward move. The divergence between volume and price at the end of the session—where price remained firm but volume trailed off—hints at a possible exhaustion phase.
Forward Outlook and Risk
Price appears to be testing a potential short-term ceiling at $1.88–1.89 with a key 23.6% retracement level at $1.87. A sustained break above $1.89 could see a retest of the $1.91 high from 00:30 ET, while a pullback below $1.85 may trigger a retest of the $1.82–1.83 support cluster. Investors should remain cautious of a potential pullback due to the fading volume behind the breakout.
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