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Summary
• Price swung between $2.03–$2.17, consolidating near $2.05–$2.07 during Asian hours.
• Volume surged during key breakouts before tapering late, showing mixed conviction.
• RSI and MACD showed divergent signals, suggesting potential momentum shifts.
• Bollinger Bands tightened after 19:00 ET, signaling possible volatility expansion.
Rocket Pool/USDC (RPLUSDC) opened at $2.07 at 12:00 ET − 1 and traded between $1.99 and $2.17 over the 24-hour period, closing at $2.03 as of 12:00 ET. Total trading volume reached 25,894.82 with notional turnover of $52,733.51.
Structure & Candlestick Patterns
Price formed a bullish engulfing pattern at $2.05–$2.10 during the early afternoon, suggesting short-term buying interest, but followed with a long upper shadow at $2.17 as bears regained control. A bearish harami emerged between $2.02 and $2.04 late into the night, signaling indecision and a possible short-term reversal.
Moving Averages and Momentum
On the 5-minute chart, the 20-EMA and 50-EMA crossed during the mid-afternoon rally, supporting a temporary bullish bias. However, price closed below both lines by morning, suggesting bearish momentum took hold. The RSI briefly approached overbought levels above 60 during the $2.17 high but quickly fell back into neutral territory, while MACD lines showed a bearish crossover late in the session.

Volatility and Bollinger Bands
Volatility remained subdued throughout the day, with Bollinger Bands narrowing significantly after 19:00 ET. This contraction could precede a breakout or breakdown. By early morning, price traded near the lower band, suggesting oversold conditions and a potential bounce near $2.00–$2.03.
Volume and Turnover Analysis
Volume spiked during the afternoon rally to $2.17, confirming the move, but declined sharply after 22:00 ET, despite a price drop. This divergence suggests weakening conviction in the bearish thesis. Turnover remained moderate but spiked briefly around 00:15 ET as price dipped to $2.01.
Key Retracements and Levels
Fibonacci retracements drawn from the $2.03–$2.17 move highlight 61.8% at $2.09 as a key resistance, with 38.2% at $2.05 acting as potential support. On the daily chart, $2.05 appears as a critical psychological level, with bears holding control below the 50-period MA.
Market appears to be consolidating around $2.03–$2.05, with potential for a bounce if volume supports a rebound from the lower Bollinger band. However, a break below $2.00 may confirm a deeper correction. Investors should monitor divergence in volume and RSI for early signs of exhaustion in either direction.
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