ALPINEUSDT Consolidates Near 0.412 After Sharp Sell-Off

Summary
• Price action shows consolidation around 0.420 after a sharp decline toward 0.412 in early ET hours.
• High volume and turnover observed during the sell-off, suggesting meaningful participation.
• RSI and MACD signal weakening momentum, with a risk of further bearish follow-through.
• Bollinger Bands tighten mid-session, hinting at potential volatility expansion.
• A bullish engulfing pattern forms near 0.416, but lacks follow-through to confirm reversal.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.419 on 2026-02-06 12:00 ET, hit a high of 0.426 and a low of 0.409 before closing at 0.414 on 2026-02-07 12:00 ET. Total 24-hour volume was 464,501.78, with notional turnover of 192,847.36.

Structure & Formations

The 24-hour chart shows a key support level forming near 0.412, with several candles finding a floor in that area. A bearish breakdown occurred from a pre-existing range between 0.416 and 0.424, leading to a test of 0.412. A potential bullish reversal candle formed at 0.416, but it lacked the volume to confirm a strong reversal.

Moving Averages

On the 5-minute chart, price closed below the 20-period (0.419) and 50-period (0.421) moving averages, reinforcing the bearish bias. On the daily chart, the price ended near the 50-period MA (0.422), indicating a possible oversold condition.

MACD & RSI

The 5-minute MACD line crossed below the signal line near 0.414, suggesting bearish momentum. RSI dipped below 30 during the 0.412 low, signaling oversold territory. However, a lack of buying pressure following the RSI bounce suggests caution.

Bollinger Bands

Volatility contracted briefly near 0.419 before expanding as price broke below key support. Price has since oscillated within a tighter range between 0.412 and 0.416, suggesting a period of consolidation may follow.

Volume & Turnover

A sharp increase in volume and turnover occurred between 07:30 and 08:00 ET during the sell-off from 0.416 to 0.412. Turnover rose to over 24,000 during that window, indicating institutional or large participant activity. Price and turnover appear aligned in bearish direction.

Fibonacci Retracements

On the 5-minute chart, the move from 0.426 to 0.409 shows a 38.2% retracement at 0.417 and 61.8% at 0.413—where the price has found temporary support. Daily Fibonacci levels indicate a possible test of 0.416 (38.2%) and 0.412 (61.8%).

Looking ahead, a close above 0.417 could signal a short-term recovery attempt, but a break below 0.412 may confirm a deeper bearish phase. Investors should remain cautious of divergences between price and momentum indicators in the next 24 hours.