Alpine F1 Team Fan Token/Tether (ALPINEUSDT) Market Overview

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• Price action saw a bearish reversal from 1.69–1.58, with 1.556 as the 24-hour low.
• RSI and MACD signaled weakening momentum as price approached 1.53–1.55.
• Volume surged during the downtrend, confirming bearish sentiment.
• Bollinger Band contraction followed by expansion highlights increased volatility.
• A key support at 1.52 and resistance at 1.58 emerged clearly in candlestick formations.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.651 on 2025-10-06 12:00 ET, reached a high of 1.731, and a low of 1.476, closing at 1.514 as of 2025-10-07 12:00 ET. Total volume over the 24-hour period was approximately 49,803,245.15, with a notional turnover of $78,522.95, reflecting a mix of volatility and strong participation across bearish phases.

Structure and candlestick formations over the 15-minute chart revealed a bearish bias. A notable bearish engulfing pattern occurred at 1.68–1.636, followed by a doji near 1.64, signaling indecision. Key support levels emerged at 1.52 and 1.56, with 1.62 as a prior resistance-turned-support. On the daily chart, the 20-period and 50-period moving averages crossed bearishly, indicating short-term weakness.

MACD showed a bearish crossover during the early decline, with the histogram shrinking as momentum waned. RSI moved into oversold territory at 28, suggesting a potential short-term rebound, but failed to show a strong reversal. Bollinger Bands experienced a contraction between 1.62 and 1.64, followed by a sharp expansion as price fell toward 1.52, highlighting increased volatility. Price remained below the lower band for much of the session, reinforcing bearish pressure.

Fibonacci retracement levels applied to the 1.58–1.69 swing showed key levels at 38.2% (1.651) and 61.8% (1.609), aligning with observed price reactions. On the daily chart, the 200-period MA at ~1.66 acted as a strong resistance. Volume surged during the 23:30–04:30 ET window, confirming the bearish move and aligning with price breaks below key moving averages and Fib levels.

Backtest Hypothesis
A potential backtesting strategy could involve entering short positions when ALPINEUSDT breaks below the 61.8% Fibonacci level with confirmation from a bearish engulfing pattern and a MACD crossover. Stop-loss could be set just above the prior swing high, with a target near the next Fibonacci support. This aligns with the observed price behavior during the 1.68–1.636 and 1.65–1.63 drops. A trailing stop or profit-taking at 1.53–1.54 could capture a portion of the expected move.