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

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• Price closed lower at $1.993 after a sharp 15-minute drop to $1.967, amid increased bearish momentum.• High volatility was observed, with a 24-hour range of $2.005 to $1.944 and a 20-period Bollinger Band width at the top end of its 24-hour range.• Volume spiked at 17:45 ET, with 69,072.57 units traded, coinciding with a sharp bearish reversal candle.• RSI dipped below 40, indicating moderate oversold conditions, though a bearish divergence in price and oscillator remains a concern.• Candlestick patterns included a hanging man at 17:30 ET and a strong bearish engulfing pattern at 17:30–17:45 ET.

15-Minute OHLC Price Summary (2025-09-22 12:00 ET to 2025-09-23 12:00 ET)

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $2.003 and closed at $1.993. The 24-hour high was $2.005, and the low was $1.944. Total traded volume amounted to 1,084,781.59 units, with a notional turnover of $2,163,632.72. The price showed strong bearish bias after mid-day ET, with two consecutive bearish engulfing patterns forming during the 17:30–17:45 ET period.

Structure & Formations

The price action formed several key structures. A strong bearish engulfing pattern developed at 17:30–17:45 ET, confirming a short-term reversal. A doji was noted at 21:45–22:00 ET, indicating indecision. Key support levels identified include $1.952 and $1.944, while resistance levels were at $1.979 and $1.985. These levels are critical for assessing near-term direction.

15-Minute Moving Averages

The 20-period and 50-period moving averages both trended downward, with the price frequently dipping below both. The 20-period MA closed at $1.987, while the 50-period MA was at $1.992. This suggests a bearish bias, with the price likely to remain below the 50-period MA for the near term.

MACD & RSI Analysis

The 15-minute MACD turned negative and crossed below the signal line, signaling bearish momentum. The RSI dropped to 38.2 during the 22:00–22:15 ET period, indicating a potential oversold condition. However, the oscillator failed to make a bullish divergence, raising concerns about the sustainability of the bounce. The RSI remains below 40, indicating continued bearish pressure.

Bollinger Bands and Volatility

Volatility spiked during the mid-to-late ET hours. The 20-period Bollinger Bands expanded, with the price reaching the lower band at $1.944. The volatility contraction observed earlier in the day suggested a potential breakout or breakdown, which materialized in the form of a sharp bearish move. Price remains near the lower band, indicating a risk of further downside.

Volume and Turnover

Volume spiked significantly at 17:45 ET with a trade volume of 69,072.57, coinciding with the bearish reversal. Notional turnover mirrored the volume pattern, with a surge in negative notional turnover. Price and turnover moved in alignment, confirming the bearish move. A divergence in price and turnover would signal a potential reversal, but such a divergence is not yet evident.

Fibonacci Retracements

Fibonacci levels were drawn on the recent 15-minute swing from $2.005 to $1.944. The 61.8% retracement level sits at $1.973, which acted as a key resistance during the 03:00–03:15 ET period. The 38.2% retracement level at $1.984 also offered some support. Price failed to hold the 61.8% level, reinforcing the bearish trend.

Backtest Hypothesis

Given the bearish engulfing pattern at 17:30–17:45 ET and the subsequent price action, a backtest could focus on shorting on close after the formation of a bearish engulfing pattern with volume above the 20-period average. Stops could be placed at the high of the engulfing candle, and targets could be set at the 61.8% Fibonacci retracement of the preceding bullish leg. This strategy would capitalize on bearish momentum and high conviction price action.