Market Overview for Rocket Pool/USDC (RPLUSDC) on 2025-10-27 to 2025-10-28

• RPLUSDC drifted lower with a 24-hour low of $3.40, ending at $3.40, down from $3.49.
• Volume surged at 17:00–18:00 ET with sharp swings; bearish momentum picked up after 20:45 ET.
• RSI moved into oversold territory, while MACD crossed below the signal line, signaling bearish bias.
• Price tested key Fibonacci levels at 61.8% during a 3.40–3.52 range, suggesting bearish continuation.
• Bollinger Bands expanded after 20:45 ET, aligning with increased volatility and downward bias.

Rocket Pool/USDC (RPLUSDC) opened at $3.49 on 2025-10-27 at 12:00 ET and reached a high of $3.52 before closing at $3.40 by 12:00 ET on 2025-10-28. The pair saw a total 15-minute OHLC volume of 1,708.87 units and a notional turnover of $5,777.89 across the 24-hour window. The trend remained bearish after an initial bullish attempt in early evening hours.

Structure & Formations

Price action from 17:00 to 18:15 ET showed a sharp bearish reversal with multiple bearish engulfing patterns forming on 15-minute charts. A key support level emerged around $3.46, where price held for a period before breaking further to $3.40. A small doji at 20:45 ET confirmed bearish exhaustion, followed by a decisive break below that level, suggesting the continuation of the downtrend.

Moving Averages

Short-term indicators (20/50 EMA) on the 15-minute chart crossed bearishly, reinforcing the downward bias. Daily EMA(50) and EMA(100) remained relatively flat, indicating indecision at longer timeframes, while the EMA(200) suggested no strong resistance ahead, allowing for potential further downside.

MACD & RSI

MACD crossed below the signal line in the last 12 hours, confirming the bearish divergence. RSI moved into oversold territory around $3.40, hinting at possible short-term stabilization. However, this reading could also indicate a deeper correction is in progress. The bearish momentum remains intact, with no immediate reversal signs.

Backtest Hypothesis

Given the current bearish bias seen through MACD crossover and RSI oversold conditions, a backtest of the strategy “Sell (open a short position in) RPLUSDC when a MACD Death-Cross occurs” appears relevant. To align with practical trading logic, the exit strategy could be based on a MACD Golden-Cross, a fixed holding period of 5 days, or a combination with stop-loss and take-profit levels for risk management. Using close prices for consistency with most indicator-based strategies is recommended. Including a stop-loss at 8% above entry and a take-profit at 10% below would help define clearer risk-reward parameters. With these details, a robust backtest can be conducted from 1 Jan 2022 to 2025-10-28, providing insight into the strategy’s viability under various market conditions.

Looking ahead, the 24-hour period may see RPLUSDC testing the next support at $3.39, with a risk of further decline if volume remains above 500 units. Traders should watch for a rejection near this level or a potential reversal if RSI bounces out of oversold territory.