Rocket Pool/USDC Market Overview for 2025-11-06

Summary
• Rocket Pool/USDC (RPLUSDC) surged to $3.13 but retreated to $3.02 at 12:00 ET.
• Strong buying pressure emerged before 08:00 ET with a 20.2% intraday gain.
• Volatility increased as price fluctuated between $2.85 and $3.13.
• Volume spiked during the bullish phase but declined near the close.
• A large bullish engulfing candle at 07:30 ET marked a key breakout.

Rocket Pool/USDC (RPLUSDC) opened at $2.87 on 2025-11-05 at 12:00 ET and traded as high as $3.13 before closing at $3.02 at 12:00 ET on 2025-11-06. The pair experienced heightened volatility, with a low of $2.85 during the session. Total 24-hour volume reached 10,181.49, while turnover amounted to 30,975.99 USDC, reflecting strong intraday participation.

Over the past 24 hours, RPLUSDC displayed a bullish bias, marked by a powerful engulfing candle at 07:30 ET and a significant rally to $3.13, fueled by a surge in volume (2419.27). However, price action following this high was mixed, with the price retreating to the mid-3.00s by the end of the day. Key resistance appears to be forming near $3.13, with potential support at $2.95–$2.97. A long-legged doji at $3.01 in the early morning hours suggested indecision, and the subsequent bullish breakout hinted at growing conviction.

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price during the rally, indicating a shift in momentum. MACD remained positive for most of the day, though it began to flatten in the afternoon. RSI hovered near overbought levels in the morning, dropping back into neutral territory by the close. Bollinger Bands expanded during the rally, with the price breaching the upper band temporarily before retreating, signaling a high-volatility phase. Volatility has since compressed, indicating potential consolidation ahead.

Fibonacci retracements drawn from the $2.85 to $3.13 swing identified key levels at $2.98 (38.2%) and $2.93 (61.8%), which coincided with notable price pauses. Volume diverged from price movement in the late afternoon, with price falling below $3.00 while volume remained relatively low, suggesting limited follow-through buying. Investors may watch these levels for confirmation of a potential rebound or further decline. The market appears poised for a test of $3.13 resistance or a retest of the $2.95 support zone.

The backtest hypothesis is centered on a RSI-14 based strategy, which would require a consistent RSI data series from 2022-01-01 to 2025-11-06 for RPLUSDC. Currently, this data is not available due to the ticker symbol not being recognized by the data provider. This issue may be due to an incorrect or uncommon ticker symbol, insufficient liquidity, or the asset being too new. If the RPLUSDC ticker is correct, a custom price or RSI dataset must be provided to proceed. Alternatively, an alternative, better-covered ticker with similar market characteristics could be selected. Once the data is confirmed, a RSI-based sell signal backtest can be executed using the one-day-hold approach.