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

• Price opened at 1.407 and surged to a 24-hour high of 1.495 before retreating to close at 1.468.
• Momentum accelerated during the AMET hours, showing a temporary overbought RSI reading before reversing.
• Volatility expanded mid-session with a high volume spike of $533k, followed by consolidation in the latter half.
• A bullish engulfing pattern formed at 1.441–1.443, and a bearish doji emerged at 1.462, hinting at indecision.
• Price remains above key support at 1.433 and below resistance at 1.465, with a 20-period MA at 1.449 acting as a pivot.

At 12:00 ET–1 on 2025-10-08, Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.407. Over the next 24 hours, the pair reached a high of 1.495 and a low of 1.361 before closing at 1.468. Total trading volume for the period was 10,137,291.89, with a notional turnover of $14,268,776.50.

The price structure shows a clear bullish breakout attempt from a descending channel early in the morning, reaching a 24-hour peak near 1.495. However, a sharp reversal followed, with a bearish correction that tested key support levels. The 20-period and 50-period moving averages are currently at 1.449 and 1.445, respectively, both acting as dynamic supports. The 50-period MA is slightly above the 20-period MA, suggesting a potential bearish divergence in shorter-term momentum.

Structure & Formations

ALPINEUSDT experienced a strong bullish impulse in the early AMET hours, forming a bullish engulfing pattern at 1.441–1.443. This was followed by a significant bearish correction, with a bearish doji forming at 1.462, indicating indecision. The price then consolidated between 1.433 and 1.465, with 1.465 serving as a key short-term resistance level and 1.433 acting as a critical support. A potential double-bottom structure is forming at 1.433, suggesting a possible rebound if buyers re-enter.

Moving Averages

On the 15-minute chart, the 20-period MA sits at 1.449, and the 50-period MA at 1.445, both acting as dynamic support. The price is currently trading below both, indicating bearish pressure. On the daily chart, the 50-period MA is at 1.432, the 100-period MA at 1.436, and the 200-period MA at 1.430, forming a cluster of support around 1.433. This alignment of moving averages suggests a possible retest of key support, with a break below 1.433 likely to trigger deeper bearish momentum.

MACD & RSI

The RSI reached overbought territory near 70 during the early AMET surge but has since cooled to 55, suggesting a return to neutral conditions. The MACD line crossed below the signal line mid-session, confirming a bearish shift in momentum. While the MACD histogram has since flattened, it remains in bearish territory, indicating that short-term sellers still hold the advantage. A potential RSI rebound above 55 could signal renewed buying interest.

Bollinger Bands

Volatility has expanded significantly during the AMET hours, with the price reaching the upper band at 1.495. The bands have since contracted, with the current price trading within the mid-range of the bands. The 20-period Bollinger Band is at 1.468, with the upper band at 1.484 and the lower band at 1.451. This narrow band suggests a potential consolidation phase, with a breakout expected if the price breaks above 1.484 or below 1.451.

Volume & Turnover

Volume spiked significantly during the AMET hours, with a high-volume candle of $533,519.19, confirming the bearish reversal. However, volume has since declined, with average volume below 75,000 per candle. Notional turnover peaked at $533,519.19 during the bearish leg but has since dropped to below $150,000 per candle. The lack of follow-through volume during the recovery phase suggests limited conviction from buyers, with a possible further decline if volume does not support a reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 1.436 to 1.495, the 23.6% retracement is at 1.482, the 38.2% at 1.469, and the 61.8% at 1.454. The price is currently near the 38.2% level, which could serve as a key support/resistance zone. A break below 1.454 would target the 78.6% retracement at 1.436, with a further breakdown likely to test the 1.433 support level. On the daily chart, the 61.8% retracement of the major bearish move is at 1.433, aligning with the 50-period MA as a possible pivot.

Looking ahead, the next 24 hours will likely test the key support at 1.433 and resistance at 1.465. A break below 1.433 could lead to a retest of the 200-period MA at 1.430. Investors should remain cautious of the bearish divergence in the MACD and watch for volume confirmation on any recovery attempt. A sustained rebound above 1.465 could reverse the bearish momentum, but a lack of volume support would signal further downside risk.

Backtest Hypothesis

A potential backtest strategy for ALPINEUSDT could involve a short entry triggered by a bearish engulfing pattern confirmed by a bearish RSI crossover and a MACD bearish crossover, with a stop-loss placed above the 61.8% Fibonacci retracement level. Targets could be set at key support levels, such as 1.433 and 1.430. The strategy would benefit from using a trailing stop to manage risk during consolidation phases and would ideally be tested over multiple 15-minute candles to capture short-term volatility. Given the current structure, this strategy could be applicable if the price continues to consolidate or breaks below the 1.433 support level in the near term.