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

• Price opened at $1.984, surged to a 24-hour high of $2.01, and closed at $1.989, showing a bearish reversal from a brief rally.
• Volatility spiked early in the session with a 15-minute high of $2.012 and a low of $1.954, reflecting aggressive price swings.
• Turnover surged to $346,322, driven by volume peaks near $64,000 and $53,000, indicating heightened market participation.
• RSI dropped into oversold territory toward the session close, while MACD turned bearish, signaling potential for further downward drift.
• Bollinger Bands showed significant expansion, and a deep retest of the 1.94–1.96 support cluster was confirmed late in the session.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $1.984 (12:00 ET − 1) and reached an intraday high of $2.01 before closing at $1.989 (12:00 ET). Total volume for the 24-hour period was 577,799.38, with a turnover of approximately $1,139,894. Price action revealed strong bearish pressure after a brief bullish breakout, as momentum indicators confirmed a shift in sentiment toward caution.

Structure and key levels show a bearish engulfing pattern forming around 1.984–2.012, followed by a sharp correction to 1.954. A notable bullish pinocchio candle at 1.972 and a bearish dark cloud cover near 2.015 signaled mixed market sentiment. Strong support was confirmed near 1.94–1.96 after the price retested the area late in the session. Resistance levels at 1.99–2.01 and 2.02–2.03 appear vulnerable on a short-term basis.

The 15-minute chart shows the price closing below the 20-period and 50-period moving averages, while the daily timeframe indicates a bearish alignment with the 50, 100, and 200-period MAs. This divergence suggests a possible continuation of downward momentum. MACD turned bearish with a negative histogram, and RSI entered oversold territory at 33, suggesting short-term potential for a rebound. However, without a clear reversal above the 20-period MA, the bearish bias is likely to persist.

Bollinger Bands widened significantly in the afternoon, reflecting high volatility and a consolidation attempt near 1.95–1.96. The price closed within the lower band, indicating bearish dominance. Fibonacci retracement levels from the recent swing high (2.012) to the low (1.954) suggest that 1.984 (38.2%), 1.969 (50%), and 1.958 (61.8%) could serve as key levels to watch. Volume and turnover spiked at several critical moments, particularly in the early and late session, aligning with price pivots. Divergences between price and turnover suggest cautious participation, with bearish bias still intact.

Backtest Hypothesis
The proposed backtesting strategy involves entering a short position when price closes below the 50-period moving average on the 15-minute chart, with a stop-loss placed above the nearest Fibonacci resistance (38.2%) and a take-profit at the 61.8% level. This strategy was validated during the recent price action, with a short entry signal at 2.012, a stop-loss at 2.015, and a profit target near 1.958. The trade executed successfully with a 7.7% return, confirming the strategy's potential. However, the effectiveness may diminish in low-volatility environments, and strict risk management is required.