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Summary
• Price drifted lower from $0.514 to $0.499, with key support at $0.5 and $0.498.
• A bearish divergence appeared between price and RSI, hinting at potential momentum exhaustion.
• Volatility expanded as volume spiked during the overnight low, particularly between 01:15–01:45 ET.
The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $0.514 on 2025-12-17 at 12:00 ET, touched a high of $0.519, a low of $0.491, and closed at $0.499 on 2025-12-18 at 12:00 ET. The 24-hour volume reached 535,971.22, with a turnover of approximately $267,772.
Structure & Formations
Price action exhibited a bearish bias throughout the 24-hour period, with key resistance forming around $0.506–$0.511 and support consolidating at $0.5 and $0.498. A series of bearish engulfing patterns were visible from 04:00–05:30 ET, signaling strengthening downward momentum. A doji formed at 07:45 ET, suggesting a possible short-term pause in selling pressure.
Technical Indicators
RSI drifted below 30 late in the session, hinting at oversold conditions and a possible short-term rebound. MACD remained in negative territory with a bearish crossover, reinforcing the downtrend. Bollinger Bands expanded as volatility increased during the overnight hours, with price briefly testing the lower band.
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Volume & Turnover
Volume surged between 01:15–01:45 ET, coinciding with the drop below $0.500 and the test of the $0.498 level. Turnover during this period confirmed the price move, with no significant divergence. However, volume during the recovery between 07:00–09:00 ET was relatively light, suggesting limited conviction.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fibonacci retracement level at $0.503 provided temporary resistance during the early recovery. On a broader time frame, the 50% retracement level around $0.498–$0.500 acted as a key support cluster, with price consolidating in this area during the final hours.
Looking ahead, a potential test of $0.503–$0.506 may signal a near-term bounce, though a breakdown below $0.498 would confirm a deeper pullback. Investors should remain cautious of increased volatility and the potential for sudden sentiment shifts in the next 24 hours.
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