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Summary
• Rocket Pool/USDC fluctuated between $2.23 and $2.31, with late-night buying interest pushing the pair higher.
• Strong 5-minute bullish patterns emerged near $2.25, signaling possible near-term support.
• Volume surged during the breakout attempt but showed divergence with price in the early morning hours.
• RSI moved into overbought territory late, suggesting potential for a pullback.
• Bollinger Bands contracted before expanding, indicating increased volatility and potential trend continuation.
Rocket Pool/USDC (RPLUSDC) opened at $2.24 on January 17 at 12:00 ET, reached a high of $2.31, and a low of $2.23 before closing at $2.26 on January 18 at 12:00 ET. The 24-hour volume totaled 7,646.69 USDC, with a notional turnover of $17,655.73.
Structure & Formations
Price action on the 5-minute chart showed a bullish breakout attempt from a tight range between $2.24 and $2.25. A key support level appears to have formed near $2.25–2.26, where multiple candles found buying interest. A potential resistance zone is developing around $2.28–2.30, where volume began to wane after a sharp rally in the early hours.

Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs crossed near $2.25, suggesting short-term bullish momentum. The 50-period SMA is now acting as a dynamic support line. Daily moving averages (50/100/200) are still trending higher, indicating the pair remains in a broader uptrend.
MACD & RSI
The MACD line crossed above the signal line around 02:00 ET, confirming bullish momentum. RSI climbed into overbought territory after 04:00 ET, hitting ~75 before retreating. This suggests a potential overextension that may lead to near-term consolidation or a pullback.
Bollinger Bands
Bollinger Bands contracted sharply between 02:00 and 04:00 ET, signaling a period of low volatility. Price broke out above the upper band during the early morning surge to $2.31, followed by a retest of the upper band in the late morning. A sustained close above $2.30 would suggest continued strength, while a rejection may bring profit-taking.
Volume & Turnover
Volume spiked during the breakout above $2.25, peaking at around 836.37 USDC at 00:45 ET. However, in the early morning hours, volume began to lag despite price advances, suggesting a potential divergence. Notional turnover was highest during the breakout phase and again in the early morning, confirming accumulation and distribution activity.
Fibonacci Retracements
Applying Fibonacci retracements to the recent 5-minute swing from $2.23 to $2.31, key levels at 38.2% ($2.26) and 61.8% ($2.27) saw price consolidating or retreating. The 61.8% level appears to have held as resistance, with price retreating back to the 38.2% level in the final hours.
Looking ahead, Rocket Pool/USDC appears poised to
$2.31 again if buying interest reemerges. However, a close below $2.25 could trigger a retest of the 5-minute support zone. Traders should remain cautious of the RSI overbought condition and watch for volume confirmation on any further breakouts.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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