Market Overview for Rocket Pool/USDC (RPLUSDC) – 2025-10-19

• Rocket Pool/USDC posted a bullish close near the upper end of its 24-hour range, signaling potential upside momentum.
• Volatility surged after 17:00 ET, with a sharp reversal to the upside amid thin volume, suggesting possible accumulation.
• RSI approached overbought territory, while MACD diverged from price, hinting at potential pullback risks ahead.
• Bollinger Bands saw a clear expansion, with price near the upper band, pointing to increased volatility and bullish pressure.
• Turnover spiked during the 13:45–15:15 ET window, coinciding with a key breakout and a sharp rise in volume.

The Rocket Pool/USDC (RPLUSDC) pair opened at $3.37 on 2025-10-18 at 12:00 ET and rose to a 24-hour high of $3.58 by 12:30 ET before closing at $3.60 at 12:00 ET on 2025-10-19. Total volume reached 10,488.22, while notional turnover stood at approximately $37,432.00, reflecting a mix of low-volume consolidation and high-volume surges during key breakout hours.

Structure & Formations

Price action showed a strong reversal from a key support level at $3.39, followed by a bullish engulfing pattern around 19:30 ET that signaled a short-term reversal. Subsequent price action formed a bullish flag pattern, breaking out above the descending trendline by 13:45 ET. Resistance levels emerged at $3.40, $3.50, and $3.60, with $3.60 now potentially serving as a pivot for further upward extension. A significant bearish divergence in volume appeared during the late hours, suggesting caution ahead of the current highs.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line, reinforcing the bullish bias. The 50-period line currently sits at $3.45, just below the 20-period line at $3.48, indicating strong near-term momentum. On the daily chart, the 50-period MA remains below the 200-period MA, but the 100-period MA has crossed above the 200-period line, hinting at a longer-term base strengthening.

MACD & RSI

The MACD line has crossed above the signal line, with positive divergence suggesting ongoing bullish momentum. The RSI, however, is approaching overbought levels at 75, suggesting caution about a potential short-term pullback. A bearish divergence in the RSI emerged in the last 4 hours, indicating that while price continues to rise, the rate of increase is slowing.

Bollinger Bands

Bollinger Bands expanded significantly after 13:00 ET, with price hovering near the upper band for much of the session. This suggests a period of high volatility and aggressive buying pressure. A contraction in the bands was observed between 00:00–03:00 ET, indicating a consolidation phase before the breakout. Price remains within the upper 75% of the band, pointing to continued short-term optimism.

Volume & Turnover

Volume surged during the 13:45–15:15 ET window, coinciding with the key breakout from $3.49 to $3.66. This volume spike confirmed the move rather than diverged from it, indicating strong conviction. However, volume dried up during the last 3 hours, with minimal trading activity and no follow-through in price. This divergence could signal a potential pause or correction.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute move from $3.39 to $3.66, the 38.2% retracement level is at $3.55, while the 61.8% retracement is at $3.48. Price is currently forming a potential base near the 38.2% level, suggesting that a retest of the $3.50–$3.55 range may occur before the next move higher. On the daily chart, the 61.8% retracement from the prior low sits at $3.47, aligning with the 50-period MA.

Backtest Hypothesis

To refine trading strategies for Rocket Pool/USDC, a backtesting approach using the Bullish Engulfing candlestick pattern could be implemented. This pattern, identified during periods of consolidation, has historically signaled short-term reversals and potential long setups. Given the current price structure, a backtest should be conducted using the correct trading-pair symbol (e.g., “RPL/USDC” or “RPLUSDT”), as the initial data retrieval for “RPLUSDC” was unsuccessful.

The proposed strategy involves scanning historical data from 2022-01-01 to 2025-10-19 for instances of the Bullish Engulfing pattern. For each signal, a long position would be entered and held for 1, 2, and 3 trading days to evaluate performance across different holding periods. This will help determine whether the pattern reliably captures upward momentum in RPL/USDC and whether the optimal exit timing varies.

Given the current RSI overbought condition and the divergence observed, Rocket Pool/USDC could see a pullback in the next 24 hours, particularly if volume fails to confirm the recent breakouts. Investors should remain cautious of overextension and consider Fibonacci levels at $3.55 and $3.50 as potential zones of interest. A sustained close below $3.50 may trigger a retesting of the key support at $3.45, which remains critical for maintaining the bullish case.