Summary
• Price surged from 1.74 to 2.12, forming a bullish breakout on 5-minute charts.
• Volume spiked dramatically in early hours, confirming strong buying pressure.
• RSI hit overbought territory near 80, suggesting potential for pullback.
• Bollinger Bands showed significant expansion during rally, signaling heightened volatility.
• No major reversal patterns emerged despite consolidation near peak levels.
Rocket Pool/USDC (RPLUSDC) opened at 1.74 on 2025-12-31 at 12:00 ET and surged to a high of 2.12 before closing at 1.97 at 12:00 ET on 2026-01-01. Total volume reached 5090.24, while notional turnover totaled 10,124.83.
Structure & Formations
The price action formed a strong bullish continuation pattern from 1.74 to 2.12, with a notable bullish engulfing candle at 02:15 ET. The pair tested the 1.95 level twice before breaking out to the upside. Key support levels were identified around 1.79 and 1.85, both of which showed solid buying interest during pullbacks.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were bullish, with price above both lines. Daily chart averages (50/100/200) also showed a positive bias, supporting a continuation of the upward trend.
MACD & RSI
MACD remained in positive territory with an upward trend, confirming the bullish momentum. RSI reached 79–80 in the late hours of the rally, indicating overbought conditions and potential for a near-term pullback or consolidation.
Bollinger Bands
Volatility expanded significantly during the rally, with the upper band reaching ~2.12 as the price surged. Price remained above the middle band for much of the 24-hour period, suggesting a continuation of the bullish bias.
Volume & Turnover
Volume spiked to over 5090.24 at 07:30 ET, confirming the breakout to 2.12. Turnover also surged during this period. No material divergence between price and volume was observed, reinforcing the strength of the move.
Fibonacci Retracements
Fib levels aligned with key price levels, particularly the 1.95–1.97 zone, which corresponds to the 38.2–50% retracement of the 1.74 to 2.12 move. The 61.8% level (~1.85) also saw price consolidation, indicating potential for a continuation or a retest of this level.
Over the next 24 hours, Rocket Pool/USDC could see a pullback to key support at 1.85–1.95 in response to the overbought RSI and high volatility. Investors should watch for any bearish divergence in volume or a breakdown below 1.85 as early warning signs of a potential reversal.
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