Market Overview for Alpine F1 Team Fan Token/Tether

Summary
• Price action shows a 24-hour range between 0.636 and 0.692, with 0.667 closing near the mid-range.
• Notable volume spikes occurred around 18:45 ET-1 and 04:45 ET, suggesting key liquidity or distribution points.
• RSI and MACD indicate moderate momentum, with no strong overbought or oversold signals.

Overview of Price Action

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.691 on 2025-11-13 at 12:00 ET-1 and closed at 0.667 on 2025-11-14 at 12:00 ET. The 24-hour high reached 0.692, while the low dropped to 0.636. Total volume amounted to 1,832,112.15 and notional turnover stood at approximately $1,239,830. The price action suggests a consolidation phase after a sharp dip near the end of the previous trading day.

Structure & Formations

The candlestick pattern appears to resemble a broadening formation, with a bearish bias forming around the 0.670 level. A key resistance zone developed around 0.672–0.675, and the price failed to break through it consistently. On the lower side, 0.656 and 0.647 emerged as short-term support levels. A notable bearish engulfing pattern appeared at 18:45 ET-1, signaling a potential shift in sentiment.

Moving Averages

On the 15-minute chart, the 20-period MA (0.670) crossed above the 50-period MA (0.668), forming a potential short-term bullish signal. On the daily chart, the 50-period MA (0.665) remains above the 200-period MA (0.661), suggesting a mildly bullish trend in the broader context. Price remains below both averages, indicating a potential pullback scenario.

MACD & RSI

The 15-minute MACD showed a bearish crossover on 18:45 ET-1, confirming the bearish engulfing pattern. The RSI oscillated between 40 and 60, indicating moderate momentum without extreme overbought or oversold conditions. There is no clear divergence between price and RSI, which suggests that the current momentum is likely to persist in the near term.

Bollinger Bands

Price remained within the Bollinger Bands for most of the day, with a notable contraction in volatility around 20:00 ET-1. The low volatility phase was followed by a sharp drop to the lower band at 04:45 ET. This suggests a potential reversal from the lower band, although confirmation would require a sustained move above the mid-band.

Volume & Turnover

Volume was unevenly distributed, with a sharp spike at 18:45 ET-1 (171,560.1) and again at 04:45 ET (206,853.86). The high volume at the 04:45 ET level coincided with a large price drop, suggesting a distribution event. Turnover aligned with volume trends, with no significant divergence noted between the two metrics.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 0.692 to 0.636, key levels at 0.669 (38.2%) and 0.656 (61.8%) were tested. Price bounced at 0.656 but failed to push above 0.669, suggesting 0.669 may act as a near-term resistance level.

Backtest Hypothesis

The strategy described involves using the MACD indicator to generate "Death-Cross" sell signals and holding for five days. While the MACD was bearish at 18:45 ET-1, a short-term 5-day backtest would require confirmation of the signal on the daily chart. The 50/200 MA crossover and Bollinger Band behavior suggest a moderate bearish bias, which may support the strategy under current conditions.