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Summary
• Price action shows a bearish bias with key support tested near 2.06 and resistance at 2.17.
• Momentum slowed in the RSI and MACD, signaling a potential pause in the trend.
• Volatility dipped below Bollinger Bands’ midline, with volume concentrated in the afternoon ET.
Rocket Pool/USDC (RPLUSDC) opened at 2.16 at 12:00 ET – 1, traded to a high of 2.18 and a low of 2.05, and closed at 2.06 by 12:00 ET today. The total volume over 24 hours was 6,428.37, with a notional turnover of 13,633.77
.Price action displayed bearish exhaustion near 2.15–2.17 and tested key support at 2.06, where a series of thin-bodied bearish and doji candles emerged. A potential short-term pivot is forming as the asset remains below the 2.14–2.17 consolidation range.
On the 5-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing the short-term bearish tone. Daily averages (50/100/200) are not immediately available for this 24-hour period but appear to be trending downward.

RSI moved into oversold territory below 30, indicating potential for a minor rebound. MACD flattened and remains negative, suggesting weakening bearish momentum but not yet a reversal signal.
Price recently contracted below the Bollinger midline with a narrow range between 2.14 and 2.16, indicating subdued volatility. A potential breakout or expansion could be on the horizon, especially with the recent move below 2.1.
Volume spiked in the afternoon and early evening ET, coinciding with the breakdown from 2.15 to 2.06. Turnover followed a similar pattern, confirming the bearish move.
The 61.8% Fibonacci retracement level on the 5-minute chart aligns with 2.12–2.14, which was briefly tested before the asset moved lower. On the daily chart, a larger retracement from a recent high may offer a potential target for a bounce.
Looking ahead, a rebound above 2.14 could trigger a short-term rally, but a close below 2.05 increases the risk of further downside. Investors should monitor volume for signs of a reversal or continuation.
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