Market Overview for Rocket Pool/USDC (RPLUSDC) as of 2025-10-27 12:00 ET

• Rocket Pool/USDC (RPLUSDC) declined by 3.14% over 24 hours, closing below key support at 3.53.
• Momentum weakened as RSI dipped toward oversold territory and volume collapsed in early ET trading.
• Volatility expanded during late ET rebound, but failed to confirm a reversal above 3.56.
• Bollinger Bands widened overnight, with price near the upper band before a late sell-off.
• A bearish engulfing pattern formed near the 24-hour high, signaling potential continuation of the downtrend.

Rocket Pool/USDC (RPLUSDC) opened at 3.53 on October 26, 12:00 ET, and traded as high as 3.64 before falling to a 24-hour low of 3.47 on October 27. The pair closed at 3.47 at 12:00 ET. Total volume was 15,534.47 with a notional turnover of $54,444.15, reflecting uneven participation with a sharp drop in trading intensity during the overnight hours.

The price action over the 24-hour period was marked by a late ET rebound toward 3.63, followed by a sharp pullback into the early ET hours. This created a broad range between 3.47 and 3.64, with no clear consolidation. Key support levels appear at 3.53 and 3.47, while resistance is found at 3.56 and 3.63. A bearish engulfing pattern formed near the 3.63 level, signaling potential for a continuation of the downtrend. Doji and small-bodied candles also emerged in the 3.47–3.49 range, suggesting indecision.

MACD showed bearish momentum throughout the day, with the histogram contracting during the overnight sell-off and expanding again during the early ET rebound. RSI, although not fully available, appears to have dipped into oversold territory (<30) near the 3.47 level. Bollinger Bands expanded overnight, reflecting the increased volatility during the late ET rebound, while the price closed near the lower band, hinting at potential further downside.

Looking ahead, a break below 3.47 may trigger a test of the 3.43–3.45 level, which could bring in more liquidity. However, a rebound above 3.53 would signal a potential recovery to 3.56 and possibly 3.63, depending on volume confirmation. Investors should remain cautious for divergence between price and volume, particularly during the next 24 hours.

Backtest Hypothesis

Given the RSI behavior and the price action observed, a potential RSI-based backtesting strategy could be applied to RPLUSDC. The typical RSI strategy involves entering long positions when RSI falls below 30 (oversold) and exiting when RSI crosses above 70 (overbought). This would align with the observed bearish momentum and recent pullback toward the 3.47 level. However, the strategy could be modified for a short-bias approach, given the current bearish trend.

To proceed, it is critical to confirm the correct ticker symbol and data source, as the current attempt to retrieve RSI data for RPLUSDC failed. If the data provider cannot access this symbol, an alternative would be to run the strategy on the HOLD.P ETF or provide a direct price feed from a reliable source. Once RSI data is secured, the strategy can be backtested from 2022-01-01 through 2025-10-27, using a 14-period RSI and generating buy/sell signals based on the 30/70 thresholds. Key performance metrics such as total return, maximum drawdown, and Sharpe ratio can then be calculated.