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

Summary
• Price surged from 0.678 to 0.728, with key resistance near 0.718 and support at 0.691.
• Volume spiked over 500k on bullish swings, confirming price action.
• RSI and MACD suggest overbought conditions post-rally.
• Bollinger Bands show moderate volatility expansion after consolidation.
• Downturn in volume during late-night pullback signals weakening bearish momentum.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.678 on 2025-11-05 12:00 ET, reached a high of 0.728, dipped to a low of 0.678, and closed at 0.709 by 12:00 ET on 2025-11-06. The 24-hour total volume amounted to 12,059,033.61, with a turnover of approximately $8,473,567.55. The asset demonstrated strong bullish momentum amid a volatile 24-hour period.

Structure & Formations

Price formed multiple bullish candlestick structures, including a strong Bullish Engulfing pattern at 0.694–0.716, signaling a reversal from earlier bearish sentiment. A notable bearish rejection occurred at 0.718–0.713, suggesting key resistance at that level. Key support levels appear to be forming around 0.705 and 0.691, with the latter acting as a strong floor during the late-night pullback.

Moving Averages

On the 15-minute chart, the 20-period MA rose from 0.692 to 0.707, and the 50-period MA crossed up to 0.706, supporting the bullish trend. The daily chart shows the 50-period MA at 0.699 and the 200-period MA at 0.690, indicating a moderate bullish bias on longer timeframes.

MACD & RSI

The MACD crossed above zero with a positive histogram at 0.716, confirming strength in the rally. RSI climbed to overbought territory (75–80) during the peak at 0.728, raising the potential for a near-term pullback. However, the price has yet to close below the 50 RSI threshold, suggesting continued buyer interest.

Bollinger Bands

Volatility expanded as the bands widened from 0.67–0.70 to 0.69–0.73 during the rally. Price hovered near the upper band at 0.718–0.728, then pulled back toward the midline. This suggests a temporary overextension, with the potential for a retest of the 0.713–0.716 zone.

Volume & Turnover

Volume surged above 500k during the 0.694–0.716 rally, confirming bullish conviction. However, the late-night pullback to 0.691 occurred on relatively lower volume (~100k), suggesting the sell-off lacked conviction and may lack follow-through.

Fibonacci Retracements

On the 15-minute swing from 0.678 to 0.728, the 61.8% retracement level at ~0.705 has shown strong support. The daily swing from 0.678 to 0.728 has a 38.2% retracement at 0.699 and 61.8% at 0.707, both of which appear to have been respected or tested during the pullback.

Backtest Hypothesis

Given the presence of multiple Bullish Engulfing patterns over the last 24 hours—most notably at 0.694–0.716—a backtest of the “buy on Bullish Engulfing, hold for 15 minutes” strategy is promising. However, the data granularity is currently limited to 15-minute OHLCV, and the strategy relies on timely execution. If daily data is used instead of 15-minute bars, the results will not reflect true intraday outcomes. Additionally, the Bullish Engulfing pattern must be confirmed by close above the high of the engulfing candle for accuracy. For a robust test, the pattern detection should occur on 1-hour or daily candles, depending on the trader's strategy timeframe.