Market Overview: Rocket Pool/USDC (RPLUSDC) 24-Hour Summary (2025-09-18)

• Rocket Pool/USDC (RPLUSDC) rose 6.68–6.82 before consolidating near 6.68.
• Volume surged at 6.67–6.76, indicating key accumulation and distribution zones.
• RSI signaled overbought conditions near 70, followed by bearish reversal.
• Price broke a 15-min bullish engulfing pattern, closing within its Bollinger Band midline.
• Turnover spiked in morning ET, confirming a major price swing but diverged in late ET.

Rocket Pool/USDC (RPLUSDC) opened at 6.21 on 2025-09-17 at 12:00 ET and closed at 6.68 on 2025-09-18 at 12:00 ET. The 24-hour range was 6.18 to 6.82, with a total volume of 9,288.82 and a notional turnover of $61,583.96. The pair appears to have consolidated after a sharp 6.67–6.76 move driven by heavy volume and a bullish engulfing pattern in early morning ET.

The 15-minute chart shows clear support at 6.59–6.62 and resistance at 6.68–6.73. A notable 15-minute bullish engulfing pattern formed around 2025-09-18 053000–054500, confirming a breakout above 6.65. However, a 15-minute bearish harami pattern emerged around 2025-09-18 084500–090000, which coincided with a RSI overbought reading near 70. This suggests a probable near-term correction. The 20- and 50-period moving averages on the 15-minute chart are converging around 6.64–6.67, indicating a potential support line for the next 24 hours.

Bollinger Bands showed a moderate expansion from 6.59–6.69 to 6.66–6.78 during the morning ET push. Price closed near the midline of the bands, suggesting a potential pause or consolidation phase. On the 24-hour daily chart, the 50-period MA is at 6.49, while the 200-period MA is at 6.38, implying a broader bullish trend that could continue if the short-term correction proves to be a false breakout.

Volume and turnover confirmed the initial bullish move but diverged in late ET, as the price pulled back to 6.67 without a corresponding increase in turnover. This divergence raises the risk of a temporary bearish correction or consolidation. A key 38.2% Fibonacci retracement level lies at 6.63, and a 61.8% level at 6.61, which could act as near-term support if the trend reverses.

RSI and MACD indicators suggest that the recent rally has been strong but may be losing momentum. RSI hit overbought levels, while MACD lines showed a bearish crossover in late ET. These signals imply that while the upward move is still in early stages, the market could face a correction in the near term. Investors should monitor the 6.63–6.67 range for a potential rebound or breakdown.

Backtest Hypothesis
A potential backtest strategy could be to go long on RPLUSDC when the 15-minute MACD crosses above zero and RSI is below 50, with a stop-loss placed below the recent 15-minute low of 6.61. A target would be set at the 61.8% Fibonacci extension near 6.74. Short-term traders may also benefit from a counter-trend short entry near 6.68–6.70, with a stop above 6.73 and a target at 6.63. These levels align with key technical indicators and Fibonacci levels discussed in the above analysis.