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

• Price declined 7.6% in 24 hours to close at $1.406 with a bearish 15-minute close below key support.
• Volatility expanded with a 15-minute low of $1.394 and a high of $1.431, indicating heightened selling pressure.
• RSI and MACD both signaled bearish momentum, with RSI hitting oversold territory below 30.
• Volume spiked during sharp downward swings, confirming bearish sentiment and lack of buy-side participation.
• Bollinger Bands showed a moderate expansion, with price hovering near the lower band, suggesting potential for further consolidation.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $1.512 on 2025-10-07 at 12:00 ET, reached a high of $1.52, and a low of $1.389 before closing at $1.406 as of 12:00 ET on 2025-10-08. Total 24-hour volume was 7,341,369.05 and notional turnover amounted to approximately $10,323,000. The token exhibited bearish momentum throughout the session, with price breaking below key support levels and closing in a bearish candlestick formation.

Structure and formations reveal a key support zone forming between $1.403 and $1.406, with a bearish engulfing pattern observed on the 15-minute chart during the early morning hours. A doji appeared near $1.411, signaling indecision and a potential reversal if buyers step in. Resistance is currently at $1.431, where price rejected earlier in the session. The breakdown below the 1.424–1.427 support range has shifted sentiment decisively to the downside.

The 20-period and 50-period moving averages on the 15-minute chart are both in bearish alignment, with the 50-period MA sitting above the 20-period MA, forming a bearish crossover. On the daily chart, the 50-period MA is above the 200-period MA, reinforcing the bearish trend. Price action has remained below both averages for the majority of the session, indicating short-term bearish bias.

MACD remains negative with a bearish crossover, and RSI has dipped below 30, entering oversold territory. While this can sometimes indicate a short-term bounce, the lack of volume during the dip suggests weak buying interest. Bollinger Bands are currently in a moderate expansion phase, with price touching the lower band multiple times. This suggests the move is not yet exhausted, and further bearish continuation could occur unless a strong bullish reversal is confirmed by price and volume.

Volume and turnover surged during the sharp decline from $1.466 to $1.395, confirming the bearish move. However, during the attempted rally back toward $1.432–$1.433, volume was relatively low, indicating weak conviction. This divergence suggests the market may struggle to find buyers above current levels. The breakdown below $1.424 was accompanied by increased turnover and volume, reinforcing the bearish thesis.

Fibonacci retracements applied to the key 15-minute swing (high at $1.466 to low at $1.395) show 38.2% at $1.434 and 61.8% at $1.417. Price has tested both levels multiple times, with the 61.8% acting as the current floor. Daily Fibonacci levels from the previous week’s high ($1.52) to this week’s low ($1.389) place the 38.2% retracement at $1.456 and the 61.8% at $1.426—both areas have shown price rejection, reinforcing the bearish trend.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions when price breaks below the 15-minute 50-period MA, confirmed by a bearish engulfing pattern and a closing below key Fibonacci support (38.2% or 61.8%). The stop-loss could be placed above the 15-minute high of the engulfing candle or the nearest resistance, while the take-profit targets would align with the next Fibonacci level or a 1:2 risk-reward ratio. Given the current context and confirmation by RSI and volume, this setup appears to have a high probability of success in the next 24–48 hours, provided no strong bullish catalysts emerge.