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

• Price surged from 1.84 to 2.19, ending near intraday high at 2.09
• Strong bullish momentum seen mid-day, followed by consolidation
• Volatility expanded significantly after early morning breakouts
• RSI hit overbought territory, suggesting potential pullback
• Bollinger Bands widened, signaling increased market uncertainty

The Alpine F1 Team Fan Token/Tether USDt (ALPINEUSDT) opened at 1.84 on 2025-09-04 at 12:00 ET, reaching a high of 2.185 and a low of 1.816 before closing at 2.09 at 12:00 ET. Total volume for the 24-hour window was 3,405,219.89, and notional turnover amounted to approximately $6,698,874.47. The token experienced a sharp intraday rally, with a sustained bullish bias developing after a morning breakout.

Structure & Formations

The price formed multiple bullish engulfing patterns early in the morning, especially between 03:00 and 05:00 ET, confirming a shift in sentiment. A strong breakout above the key resistance level at 2.05 was followed by a continuation to 2.185. A bearish engulfing pattern appeared around 10:30 ET, followed by a sharp drop to 2.065. A key support zone emerged between 2.05–2.07, where the price found a floor after the midday pullback. A doji formed near 2.10 at 02:45 ET, signaling indecision before the final push higher.

Moving Averages

On the 15-minute chart, the 20-period MA was well below the price by the end of the day, indicating strong momentum. The 50-period MA moved up in tandem with the price, suggesting a strong uptrend. On the daily chart, the 50-period MA crossed above the 100-period MA (a golden cross), supporting a long-term bullish outlook. The 200-period MA acted as a key support level in early morning trading but was decisively rejected at 1.93.

MACD & RSI

MACD showed a strong positive divergence early in the morning, confirming the breakout above 2.05. The histogram peaked during the 07:00–09:00 ET rally and flattened out during the afternoon consolidation, suggesting momentum may be tapering. RSI reached overbought territory multiple times, peaking at 76 during the 07:30 ET hourly candle. While overbought conditions may signal a pullback, the strong volume suggests that bulls are maintaining control.

Bollinger Bands

Volatility expanded significantly during the morning breakout, with the Bollinger Bands widening from a narrow contraction between 01:00 and 02:00 ET. By 03:30 ET, the price moved well above the upper band, remaining in overbought territory for several hours. The midday pullback saw the price settle just above the 20-period MA, but below the upper band, suggesting traders are monitoring the range for potential retests.

Volume & Turnover

Volume spiked sharply during the early morning breakout and again during the 10:30 ET pullback. Notional turnover also surged during these periods, confirming the strength of both the rally and the pullback. A divergence appeared between volume and price during the afternoon session—while volume remained elevated, the price consolidated sideways. This suggests potential exhaustion or indecision among traders.

Fibonacci Retracements

The 61.8% retracement level of the morning breakout from 1.93 to 2.185 came in at around 2.075, which the price touched during the afternoon consolidation. The 38.2% level at 2.025 also saw significant price action and volume, indicating a possible support area. On the daily chart, the 50% retracement of the previous week’s move is near 2.00, which could offer a near-term support zone.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a bullish engulfing pattern confirmation, especially near key Fibonacci retracement levels such as 2.025 and 2.075, with a stop-loss placed below the 20-period MA and a take-profit at the 2.185 high or the 61.8% retracement level. This approach leverages both candlestick confirmation and Fibonacci support/resistance levels, offering a blend of price action and quantitative tools to manage risk while capitalizing on momentum.