Market Overview for Rocket Pool/USDC

Summary
• Price broke above 2.11 but reversed with bearish divergence in volume and momentum.
• RSI signaled overbought conditions after midday, followed by a sharp retrace.
• Bollinger Bands showed contraction followed by expansion as volatility increased.
• Volume spiked during the 2.12–2.13 range but faded as price declined.
• Fibonacci retracement levels suggest key support near 2.08 and possible bounce area near 2.11.

Rocket Pool/USDC (RPLUSDC) opened at $2.09 on 2026-01-02 at 12:00 ET, peaked at $2.13, and closed at $2.06 at 12:00 ET the next day. Total 24-hour volume was 4,402.97, with $9,390.22 in notional turnover.

Structure & Formations

The pair formed a bearish reversal pattern following a short-lived bullish breakout above 2.11. A 2.13 high failed to hold, and a large bearish candle at the 04:00–04:15 ET timeframe confirmed a potential short-term top. Key support levels emerged near 2.08 and 2.05, with the 2.11 level showing retest resistance.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart crossed above price during the midday rally, but price failed to hold above these levels. RSI hit overbought territory (75+) by 19:00 ET and dropped sharply below 50 by 03:00 ET, signaling bearish momentum. MACD showed a negative crossover and bearish divergence during the decline from 2.13 to 2.06.

Bollinger Bands showed a period of contraction between 01:00 and 03:00 ET, followed by a sharp expansion during the 04:00–07:00 ET bearish move. Price spent most of the session within the lower half of the bands, suggesting a weak trend.

Volume and Turnover

Trading volume peaked at 365.66 during the 18:45–19:00 ET rally and again at 220.0 during the 00:15–00:30 ET correction. Notional turnover spiked during these periods but sharply declined during the 07:00–08:45 ET sell-off. A divergence in volume during the 2.12–2.13 move suggests reduced buying pressure.

Fibonacci Retracements

On the 5-minute chart, the 2.13 high and 2.06 low defined a 700-point swing. The 2.08 level aligns with the 38.2% retracement and acted as a key support. A rebound from this level may find resistance at the 61.8% level (~2.11).

The 24-hour session ended with RPLUSDC testing key support and showing signs of bearish exhaustion. A close below 2.05 could trigger a deeper correction. Investors should remain cautious of extended volatility and consider trailing stops near the 2.05–2.08 range.