Market Overview for Alpine F1 Team Fan Token/Tether

Summary
• Price surged to $0.612 before retracting near $0.594, forming a bearish reversal pattern.
• Volume spiked during the rally, with divergences emerging in the afternoon.
• RSI overbought conditions developed, suggesting potential near-term profit-taking.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $0.594 on 2026-01-01 at 12:00 ET, hit a high of $0.612, and closed at $0.594 by 2026-01-02 12:00 ET, with a low of $0.584. The pair recorded a 24-hour volume of 626,932.58 and a notional turnover of $372,899.20.

Structure & Formations

The price formed a bullish breakout above $0.600 in the early hours, but a bearish reversal pattern followed in the afternoon as it failed to maintain above $0.608. Key resistance appears at $0.608 and $0.612, while support is near $0.594 and $0.593. A doji formed around $0.608, signaling indecision.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-min chart crossed above $0.598, supporting the rally but showing signs of divergence later in the day. RSI briefly hit overbought levels above 70, suggesting potential for short-term profit-taking. MACD confirmed bullish momentum early, but the histogram began to contract in the late hours.

Volatility and Bollinger Bands

Bollinger Bands expanded during the rally to $0.612, with the price touching the upper band. As prices pulled back, volatility appeared to contract slightly. Price action in the last 5 hours remained within the bands, suggesting reduced immediate volatility.

Volume and Turnover Divergences

Volume spiked dramatically during the $0.594 to $0.612 move, especially in the 01:00–03:00 ET period. However, as the price dipped back to $0.594–$0.595, volume and turnover waned, indicating a potential exhaustion of bullish momentum.

Fibonacci Retracements

Applying Fibonacci to the $0.594–$0.612 move, key retracement levels at 38.2% ($0.604) and 61.8% ($0.599) were tested but not held. This suggests bearish pressure could continue in the near term if $0.594 breaks.

The market appears to be consolidating around $0.594–$0.595, with potential for a test of $0.592–$0.593 in the next 24 hours. Investors should remain cautious of volatility if the price breaks below $0.592 or retests $0.608.