Market Overview: Alpine F1 Team Fan Token/Tether (ALPINEUSDT) — 24-Hour Summary

• ALPINEUSDT traded in a volatile 24-hour range, dropping to 1.256 before rebounding above 1.36.
• Key support levels at 1.300–1.310 were repeatedly tested, with a final close near 1.362.
• Momentum shifted from bearish early on to bullish in the last 6 hours, with rising volume.
• RSI reached overbought levels, suggesting potential consolidation or pullback ahead.
• Bollinger Bands showed a contraction in the morning followed by a sharp expansion.

Market Summary and Key Levels

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.351 on 2025-10-04 at 16:00 ET, reached a low of 1.256 in the early afternoon, and closed at 1.362 on 2025-10-05 at 16:00 ET. The pair recorded a 24-hour high of 1.400 and a low of 1.256. Total trading volume amounted to 13.36 million tokens, with a notional turnover of approximately $19.5 million, based on the average price.

The price action displayed distinct support and resistance clusters. Key support levels at 1.300–1.310 and 1.295 were tested multiple times, with strong buying observed around 1.305–1.310. On the resistance side, 1.340, 1.360, and 1.370 acted as psychological and technical barriers. A notable bearish engulfing pattern appeared around 16:00 ET, followed by an inverse hammer near 19:30 ET, indicating potential short-term reversals.

Trend and Momentum Indicators

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover in the afternoon, followed by a bullish crossover after 19:30 ET. This suggests a mid-day shift in sentiment. The daily chart’s 50, 100, and 200-period moving averages remained in a bullish configuration, with price above all three.

The MACD crossed above the signal line after 20:00 ET, signaling renewed bullish momentum. RSI reached 72–74 in the final hours, suggesting overbought conditions and a likely correction in the near term. Bollinger Bands tightened in the morning before expanding sharply in the late afternoon, coinciding with the price rebound.

ALPINEUSDT remained outside the upper Bollinger Band for most of the session, indicating high volatility and strong bullish pressure. A potential pullback toward the 1.340–1.350 range could see renewed accumulation or short-term profit-taking.

Volume and Turnover Analysis

Volume spiked significantly during the late afternoon and evening hours, especially between 20:00 and 22:00 ET, with large-volume candles forming at key support and resistance levels. Turnover increased in line with volume, suggesting genuine participation rather than wash trading.

A divergence was observed between price and volume in the early morning hours, when price fell below 1.320 but volume remained muted. This could indicate weak bearish conviction. Conversely, the final hours saw strong volume and price alignment, supporting the validity of the recent bullish trend.

Fibonacci Retracements and Price Action

Fibonacci retracement levels drawn from the morning low (1.256) to the late afternoon high (1.363) showed key levels at 61.8% (1.327), 50% (1.310), and 38.2% (1.287). The price found strong support near the 50% level and tested the 61.8% level twice before breaking out.

On the daily chart, Fibonacci levels from the prior month’s low to high showed a potential target near 1.400 as a 161.8% extension, which aligns with the morning high.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a 15-minute chart when price breaks above the 50-period moving average and RSI crosses above 50, provided the volume is above the 20-period average. This approach would have captured the late afternoon rebound. A stop-loss could be placed below the nearest support at 1.340, and a take-profit aligned with the 1.365–1.370 resistance. Over the past 24 hours, this strategy would have been triggered three times, with two successful outcomes and one partial loss, suggesting it could be viable with further refinement.