Market Overview for Rocket Pool/USDC (RPLUSDC) – October 10, 2025

• Rocket Pool/USDC (RPLUSDC) rose sharply overnight but faced pullbacks in early trading.
• A key breakout above 5.08 USDC was confirmed, though intraday volatility remains high.
• Volume spiked significantly during the breakout and subsequent pullback, suggesting active participation.
• RSI and MACD signaled overbought conditions near the peak, raising short-term correction risks.
• Bollinger Bands showed expansion after a tight consolidation phase, highlighting renewed momentum.

Rocket Pool/USDC (RPLUSDC) opened at 4.81 USDC on October 9 at 12:00 ET and reached a high of 5.22 USDC overnight. The pair closed at 4.74 USDC by 12:00 ET on October 10, following a broad 15-minute candlestick pattern. The total traded volume was 12,768.45 RPLUSDC, with a notional turnover of approximately $63,313 USDC (calculated using average price).

The 24-hour chart showed a strong overnight rally, with RPLUSDC testing and breaking above a key psychological level at 5.08 USDC. This move was followed by a sharp retracement into the morning session. The 15-minute RSI reached overbought territory near 78, while the MACD crossed into bullish territory during the breakout before diverging during the pullback, signaling potential bearish momentum. The 20-period and 50-period moving averages on the 15-minute chart both trended upward during the breakout, but the 50-period line began to flatten during the morning selloff.

Bollinger Bands expanded significantly during the breakout phase, with prices initially closing outside the upper band before retracting into the channel. The 15-minute volume surged during the 03:45–04:00 ET candle, coinciding with the 5.10–5.14 USDC move, indicating strong buying pressure. However, the large 09:30–09:45 ET candle (5.03–5.22 USDC) showed a bearish reversal with a 3181.05 RPLUSDC volume spike, followed by a pullback and consolidation.

Key support levels appear to be forming around 4.92–4.95 USDC and 4.82–4.85 USDC, while resistance is testing 5.08–5.10 USDC. Fibonacci retracements from the overnight high to the current close suggest a 61.8% retracement near 4.98–5.01 USDC as a potential support cluster. A close below 4.85 USDC may signal a broader retest of prior support levels.

Backtest Hypothesis
The provided backtesting strategy leverages a combination of RSI overbought/oversold levels and Bollinger Band exits to generate trade signals. A long entry could be triggered when RSI dips below 30 and price closes above the lower Bollinger Band, with a stop-loss placed below the 50-period MA. A short entry might occur when RSI exceeds 70 and price breaks below the upper band, with stops above the 20-period MA. Given the recent volatility and RSI divergence during the pullback, this strategy may have triggered a short signal during the morning session. The effectiveness of such a signal would depend on the ability of the pair to maintain downward momentum and avoid false breakouts near 4.95 USDC.