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

• Price declined sharply from 0.887 to 0.810 over 24 hours, ending at 0.828 with bearish momentum.
• RSI hit oversold territory, suggesting potential near-term rebound.
• Volume surged during the decline but dipped post-0.825, signaling waning bearish conviction.
• Bollinger Bands narrowed during consolidation, pointing to possible breakout.
• A 61.8% Fibonacci retracement level at ~0.843 may serve as resistance for near-term buyers.

24-Hour Summary

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.883 on 2025-10-21 at 12:00 ET, hitting a high of 0.887 and a low of 0.810 before closing at 0.828 at 12:00 ET on 2025-10-22. The 24-hour volume reached 1,459,633.41 units with a notional turnover of $1,204,625.92.

Structure & Formations

The price action over the past 24 hours displayed a bearish continuation pattern, particularly during the session from 17:00 to 22:00 ET, where a series of lower highs and lower lows emerged. A strong bearish engulfing pattern formed around 17:00 ET, followed by a long lower shadow at 21:30 ET, indicating some buyers attempted to stabilize the price. Key support levels were established at 0.821 and 0.810, while resistance levels formed at 0.831 and 0.838.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish crossover, reinforcing the downward trend. On the daily chart, the 50/100/200 EMA alignment remains bearish, with the price trading well below the 200 SMA.

MACD & RSI

The MACD histogram turned negative after 17:00 ET, confirming bearish momentum, while the signal line crossed below the zero line. RSI dropped to 28 by the close, indicating oversold conditions, which could suggest a short-term bounce is possible. However, the RSI remains within a larger downtrend channel, implying the bearish bias may persist.

Bollinger Bands

The Bollinger Bands contracted significantly between 00:00 and 04:00 ET, signaling a period of low volatility, followed by a breakout to the downside at 05:30 ET. The price has since remained near the lower band, with the 20-period standard deviation widening slightly, indicating increasing volatility in the short term.

Volume & Turnover

Volume spiked during the 05:30–07:00 ET session, coinciding with the breakdown below 0.825. However, after the price stabilized around 0.821, volume subsided, which may suggest a lack of follow-through from bears. Turnover closely tracked volume trends, with the most significant notional turnover occurring during the 05:30–07:00 ET window.

Fibonacci Retracements

Applying Fibonacci retracement to the 17:00–21:30 ET swing (0.887 to 0.821), key levels include 0.850 (38.2%), 0.833 (50%), and 0.821 (61.8%). The price has consolidated near the 61.8% level for most of the past 8 hours. A break above 0.833 may attract short-covering and momentum buyers.

Backtest Hypothesis

A potential backtesting strategy could focus on using the 61.8% Fibonacci level as a trigger for a long position, combined with a bullish divergence in RSI and a closing above the 20-period EMA on the 15-minute chart. This would signal a possible reversal from a bearish trend. If the price breaks above 0.838 with above-average volume, a larger trend change could be in play, though a retest of 0.831 is likely before further momentum develops.