Market Overview for Rocket Pool/USDC on 2026-01-18

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 test $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.