Summary
• Rocket Pool/USDC (RPLUSDC) tested key support levels after a 5.6% decline near 1.91.
• Volume surged post 5:30 AM ET as price broke below 1.94, confirming bearish momentum.
• RSI entered oversold territory, hinting at potential short-term bounce.
Rocket Pool/USDC (RPLUSDC) opened at 1.94 on 2025-12-16 at 12:00 ET, reached a high of 2.01, and closed at 1.91 by 12:00 ET on 2025-12-17. Total volume was 9,569.59, with a turnover of 18,538.73
.
Structure & Formations
Price carved a bearish channel through the day, breaking below 1.94 in the early morning hours and consolidating near 1.91. A long lower shadow candle formed around 00:15 ET, followed by several bearish engulfing patterns from 05:00–07:00 ET, indicating strong selling pressure.
Moving Averages and Momentum
On the 5-minute chart, the 20- and 50-period moving averages were in a bearish crossover by early morning, confirming the downward bias.
The 200-period daily SMA remained above current levels, indicating a potential retest of 1.94–1.96 as near-term resistance. The RSI entered oversold territory below 30, suggesting a possible near-term rebound.
Volatility and Bollinger Bands
Bollinger Bands tightened in the late afternoon before expanding as volatility increased overnight. Price traded below the 20-period lower band for most of the session, reinforcing bearish momentum.
Volume and Turnover
Volume spiked sharply after 5:30 AM ET during the breakdown below 1.94, confirming the bearish move. Turnover increased in tandem, validating the move lower. Divergence between volume and price was limited, suggesting price action is likely to continue in the current direction unless strong buyers emerge.
Fibonacci Retracements
Recent 5-minute swings show the 0.618 retracement at ~1.95–1.96 as a key level to watch for potential countertrend bounces. On the daily chart, a 38.2% retracement of the prior bullish leg is at ~1.93, which may act as a near-term floor.
The pair appears to be testing critical support near 1.91, with a potential bounce toward 1.95–1.96 expected. However, a close below 1.90 could trigger further downside. Investors should monitor volume and RSI for early signs of reversal.
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