Market Overview for Rocket Pool/USDC (RPLUSDC) – 2025-11-07 12:00 ET

• Rocket Pool/USDC surged over 24 hours, closing near 3.00 with a 3.37 high.
• Strong volume spikes occurred during late ET, especially at 16:30–17:00 ET.
• Key resistance formed at 3.14–3.17, with support near 2.92–2.99.
• Momentum indicators (RSI, MACD) show mixed signals with overbought readings later in the session.
• Bollinger Bands suggest a recent volatility expansion following a breakout.

The Rocket Pool/USDC (RPLUSDC) pair opened at 2.92 and surged to a high of 3.37 before closing at 3.00 by 12:00 ET. Total volume reached 8,658.69, with turnover exceeding $25,976. The 24-hour candle shows strong bullish momentum and increasing volatility toward the end of the period.

The 15-minute chart reveals a strong breakout above a prior resistance level of 3.08–3.14, confirmed by a bullish reversal after a sharp pullback from 3.14 to 3.08. This suggests a potential continuation of the uptrend. The price then tested this level again and broke it decisively. The 20-period and 50-period moving averages are both trending upward, supporting the bullish bias.

Structure & Formations

Rocket Pool/USDC formed multiple bullish patterns over the past 24 hours, including a key bullish engulfing pattern around 08:00–08:15 ET and a strong continuation pattern at 16:30–17:00 ET. These patterns, combined with a lack of bearish rejection, suggest continued buying pressure. Key support levels appear to be forming around 2.92–2.99, while resistance is likely at 3.17–3.37. A breakdown below 2.99 may trigger a test of 2.92, but for now, the pair appears to remain in a bullish trend.

Moving Averages & MACD

Rocket Pool/USDC is currently above both the 20-period and 50-period moving averages on the 15-minute chart, indicating short-term bullish momentum. The MACD line has been rising with positive divergence, particularly after 16:00 ET, which reinforces the bullish setup. On the daily chart, the 50-period MA is also above the 100-period MA, suggesting medium-term strength. The MACD histogram is expanding, signaling growing momentum.

RSI and Bollinger Bands

Relative Strength Index (RSI) reached overbought territory around 3.17–3.37 and remained elevated for most of the late ET session, indicating potential short-term correction. Bollinger Bands expanded during the 16:30–17:00 ET period, coinciding with the breakout. The price closed near the upper band, suggesting volatility is still high. However, the RSI divergence suggests caution for short-term traders.

Volume and Turnover

Volume spiked significantly during key breakout phases, especially at 16:30–17:00 ET, where over $2,766 in turnover was recorded. The price-volume relationship appears to be in alignment, as higher prices coincide with higher volumes. However, divergence appears in the final 15 minutes of the session, where price dropped slightly with no corresponding volume increase—suggesting possible profit-taking or a short-term pause.

Fibonacci Retracements

On the 15-minute chart, Rocket Pool/USDC tested the 61.8% Fibonacci retracement level at 3.08 before surging past it. This level was previously a resistance and has now turned into a dynamic support. On the daily chart, the 61.8% level from the 2.85–3.37 swing sits at approximately 3.14, which was also a key breakout level. A break above 3.37 would target the next 78.6% retracement level.

Backtest Hypothesis

To refine a potential strategy for Rocket Pool/USDC, a backtest could be conducted using the Bullish Engulfing candlestick pattern as a long entry signal, combined with RSI as an exit signal. The strategy would go long when a confirmed Bullish Engulfing pattern appears and RSI is below 70, with an exit when RSI crosses above 70. This approach could be backtested from 2022-01-01 to 2025-11-07 using the correct ticker symbol for RPLUSDC. However, as the current ticker symbol (RPLUSDC) was not recognized by the data source, the exact ticker (including exchange) must be confirmed for accurate backtesting.