Alpine F1 Team Fan Token/Tether Market Overview

• Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.743, peaked at 0.752, and closed at 0.719
• Price action featured a bearish breakdown from a 24-hour high of 0.752 to a low of 0.715
• Volume surged to 96119.32 during the early afternoon ET, coinciding with the price decline
• RSI(14) could have entered oversold territory near the 0.715 low, but confirmation is pending
• Bollinger Band contraction followed by expansion confirmed increased volatility in the final hours

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.743 on 2025-11-01 at 12:00 ET and closed at 0.719 on 2025-11-02 at 12:00 ET. The 24-hour high of 0.752 was reached late at night, while the low of 0.715 occurred in the early afternoon. Total volume for the period was 2,112,624.16 with a notional turnover of approximately $1,478,928.13. Price action reflects a bearish trend with multiple lower closes and declining momentum.

Structure & Formations

Price action over the 24-hour period formed a descending pattern with support zones emerging near 0.732 and 0.715. A bearish engulfing pattern was visible in the early afternoon as price moved from 0.729 to 0.716 within a single 15-minute candle. A doji near 0.715 signaled indecision, possibly marking a potential reversal or consolidation phase. The breakdown from 0.747 to 0.715 suggests key resistance levels may have been breached, opening the door for further downside.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MA20 and MA50) both trended downward, confirming the bearish momentum. The 200-period moving average on a daily chart would have likely acted as a secondary resistance level if positioned above the recent low. Price closed below both MAs, indicating bearish control and a potential continuation of the downtrend.

MACD & RSI

The MACD histogram turned negative and remained below the signal line for most of the session, signaling weakening momentum. The RSI moved into oversold territory near the 0.715 level, which may provide a potential buying opportunity. However, without confirmation of a reversal, the RSI could remain in oversold for extended periods due to the strong bearish momentum.

Bollinger Bands

Bollinger Bands showed a significant contraction in the early hours, followed by a sharp expansion during the afternoon selloff. Price closed near the lower band at 0.715, reinforcing the strength of the bearish move. The expansion of the bands indicates rising volatility, a typical precursor to either a continuation or a reversal depending on how volume and RSI behave in the next 24 hours.

Volume & Turnover

Volume spiked sharply during the afternoon at 14:45 ET when price reached a low of 0.715, with a turnover of $69,697.31. This was the second-largest turnover event of the 24-hour period, coinciding with a breakdown in price. Notably, the volume did not confirm a strong reversal but instead supported the bearish bias. Divergence between price and volume could suggest a potential exhaustion of the selloff or a temporary consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.747 to 0.715 move shows 38.2% at 0.734 and 61.8% at 0.726. The 61.8% level appears to have acted as a temporary resistance or support in the afternoon and again in the late evening. Price may test these levels again in the next 24 hours, with a potential bounce or breakdown expected depending on volume and RSI behavior.

Backtest Hypothesis

A potential backtest strategy could center around monitoring RSI(14) for oversold readings below 30, particularly when volume spikes are observed. Given that ALPINEUSDT reached 0.715 with high volume, a long signal might be generated if RSI remains in oversold territory and then shows signs of divergence or reversal. This setup would align with the Fibonacci 61.8% retracement at 0.726 as a potential take-profit target. However, without direct access to the RSI data, the exact timing and entry points cannot be confirmed. Verifying the ticker symbol and data format or switching to an alternative data provider may be necessary for accurate backtesting.