Market Overview for Alpine F1 Team Fan Token/Tether (ALPINEUSDT): 2025-09-21

• Price rallied from 1.946 to 1.996 amid high-volume consolidation and key breakout formations.
• Momentum showed overbought conditions mid-day before fading on declining RSI.
• Bollinger Bands widened after midday as volatility surged, signaling active price discovery.
• Notable 15-minute bullish engulfing and evening star patterns emerged during key price levels.
• Turnover spiked by over 1000x on key hourly candles, confirming high participation in the upward thrust.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.946 on 2025-09-20 at 12:00 ET, traded between 1.946 and 1.996, and closed at 1.962 as of 2025-09-21 at 12:00 ET. Total 24-hour volume amounted to 385,666.53 and total turnover reached $737,793.43, highlighting a period of elevated interest and price action.

Structure and formations indicate a key 1.960–1.962 support level, with resistance forming at 1.968 and 1.975. A bullish engulfing pattern emerged mid-morning, followed by a doji and an evening star pattern as the price moved higher and consolidated. The formation of these patterns suggests a potential reversal or consolidation phase amid heightened volatility. On the 15-minute chart, the 20 and 50-period moving averages showed a bullish crossover early in the session, reinforcing the short-term upward bias, but the 50-period MA began to flatten as momentum slowed in the afternoon.

MACD signaled a strong positive crossover in the morning, aligning with the rally from 1.946 to 1.994. However, the histogram began to shrink after 04:30 ET, reflecting declining momentum. RSI reached overbought levels at 78–80 during the morning rally and retreated toward neutral ground by the end of the session, indicating some profit-taking. Bollinger Bands were in a state of expansion through the early part of the session, contracting briefly in the late afternoon before widening again around 16:00 ET, suggesting renewed volatility and uncertainty.

Volume and turnover data reveal a surge in notional turnover during the 03:30–05:00 ET period, with volume exceeding 45,000, confirming the strength of the upward movement. However, a divergence between volume and price emerged in the late session as volume declined while the price remained above 1.960. This could signal a potential consolidation or pullback. Fibonacci retracements show the 38.2% and 61.8% levels aligning with 1.960 and 1.975, respectively, suggesting potential key levels for near-term action.

The 15-minute chart suggests that the price may continue to consolidate above 1.960 in the next 24 hours, with potential for a test of the 1.968–1.975 resistance zone. However, the weakening MACD and RSI warn of possible profit-taking or a short-term pullback. Investors should remain cautious of divergence in volume and turnover dynamics, as they may signal a shift in market sentiment.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position on a bullish engulfing pattern, confirmed by a close above the 20-period MA and a RSI above 55. A stop-loss could be placed below the 1.960 support level, with a target at 1.975 (61.8% Fibonacci retracement). This strategy aims to capture continuation after a consolidation phase and aligns with the morning’s bullish structure and volume confirmation. The use of Bollinger Band expansion could serve as an additional filter for volatility-based entry signals.