Market Overview for Alpine F1 Team Fan Token/Tether (ALPINEUSDT) — November 8, 2025

Summary
• Price action suggests a consolidation after a sharp intraday spike.
• Volume surged at 18:30 ET, signaling key turning point.
• RSI near 50 hints at neutral momentum, while MACD remains bearish.
• Bollinger Bands show moderate volatility, with price hovering above the midline.
• Fibonacci retracement levels suggest potential support around 0.714.

Opening Observations

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.708 on November 7 at 12:00 ET, surged to a high of 0.792 by 18:30 ET, and closed at 0.721 by 12:00 ET on November 8. The price consolidated near 0.721–0.729 in the final hours. Total traded volume over 24 hours reached 4,214,484.68 USDT, while notional turnover came to approximately $3,102,013. The session was marked by sharp intraday volatility, particularly following a massive 15-minute candle with 1.9 million USDT in volume and a 94-basis-point move.

Structure & Formations

The 18:30 ET candle (1924020.05 volume) forms a bullish engulfing pattern, indicating a potential reversal after early bearish pressure. Later bearish candles, especially between 19:00–20:30 ET, formed a small bearish consolidation pattern. Key support levels include 0.714 (previous low) and 0.706 (session low), while resistance is at 0.721–0.729.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are in bullish alignment post 18:30 ET, indicating short-term momentum. The 200-period MA on daily charts has been acting as a floor, which appears intact for now.

MACD & RSI

The MACD turned positive post 18:30 ET and showed divergence after 20:30 as the price declined despite the MACD holding above zero. RSI has stabilized near 50, indicating a balanced momentum phase. A break above 55 or below 45 could signal renewed momentum.

Bollinger Bands

Bollinger Bands were in a moderate expansion phase during the volatile 18:30–19:30 ET period, with price moving between 0.698 and 0.792. After 20:30 ET, the bands began to contract, suggesting a return to lower volatility and possible consolidation.

Volume & Turnover

The most notable spike in volume occurred at 18:30 ET, where 1.9 million USDT was traded—nearly four times the average volume for the session. This was accompanied by a 94-basis-point price move, suggesting strong conviction. Volume and turnover were in alignment during the spike, but after 20:30 ET, price moved lower while volume declined, hinting at a potential bearish divergence.

Fibonacci Retracements

On the 15-minute chart, price retraced to the 61.8% level (around 0.721) after the 18:30 ET high. On the daily chart, the 38.2% retracement level at 0.729 appears to be acting as a key resistance ahead of the 61.8% level at 0.735. A break below 0.714 (38.2% retracement of the intraday swing) may signal a deeper correction.

Backtest Hypothesis

A potential backtesting hypothesis involves leveraging the Bullish Engulfing pattern, observed at 18:30 ET, to enter long positions. A 5-day holding strategy using such candlestick signals on ALPINEUSDT or similar fan tokens could be tested. Given the high volume and sharp reversal at that point, it may serve as a valid entry trigger. For context, a 5-day holding period post-pattern may align with Fibonacci retracement levels (e.g., 0.729–0.735). This could be backtested from 2022–01–01 to today to evaluate its robustness in varying volatility regimes and volume spikes.