Market Overview for Alpine F1 Team Fan Token/Tether (ALPINEUSDT) on 2025-09-16

• Price action remained range-bound, with ALPINEUSDT trading between 1.933 and 1.977.
• Momentum indicators suggested overbought/oversold extremes were touched but not confirmed.
• Volatility expanded during Asian trading hours, followed by a contraction in the afternoon.
• Volume and turnover spiked near the 24-hour high and low, indicating significant interest at key levels.
• A bearish engulfing pattern formed early, while a bullish one emerged near the close.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.951 on 2025-09-15 at 12:00 ET and closed at 1.948 on 2025-09-16 at 12:00 ET. The pair reached a high of 1.977 and a low of 1.933 during the 24-hour period. Total volume amounted to 378,540.57, with a turnover of approximately $730,557.56.

Structure & Formations

ALPINEUSDT exhibited a clear range-trading pattern throughout the 24-hour period, with key support around 1.933 and resistance near 1.977. A notable bearish engulfing pattern formed during the early hours of the Asian session (16:00 ET), signaling potential short-term bearish pressure. Later, a bullish engulfing pattern emerged in the late afternoon (15:30 ET), suggesting renewed buying interest. A doji candle formed near the 1.943 level (04:15 ET), indicating indecision and possible reversal signals. Traders may watch these levels for potential breakouts or reversals in the coming sessions.

Moving Averages

On the 15-minute chart, the 20-period MA moved closer to the 50-period MA by the afternoon, indicating a narrowing trend and potential consolidation. On the daily chart, the price hovered between the 50 and 200-period MAs, suggesting a neutral to slightly bullish setup if it closes above the 1.95 level. The 100-period MA was closely aligned with the 50-period MA, indicating a lack of strong directional bias. The convergence of these moving averages may imply a possible breakout in either direction.

MACD & RSI

The MACD line remained above the signal line during the morning hours, indicating short-term bullish momentum, but diverged into negative territory during the Asian session as bearish pressure increased. RSI readings touched 29 (oversold) at 04:30 ET and 78 (overbought) at 08:00 ET, suggesting strong short-term extremes. However, price failed to confirm these levels with follow-through, indicating a potential continuation of the range-bound environment.

Bollinger Bands

Volatility expanded during the Asian session, with the Bollinger Bands widening to 0.027 range as the price approached the upper band (1.977). Later, in the European session, the bands contracted back to a 0.012 range, signaling a period of consolidation. The price closed near the middle band (1.948), suggesting that the market remains within the established range.

Volume & Turnover

Volume spiked near the 24-hour high (1.977) and low (1.933), with turnover increasing by over 100% compared to average levels. The volume surge at the high was particularly notable, with a single candle at 08:00 ET showing a massive 75,343.0 notional turnover. However, the price failed to hold above this level, suggesting the buying pressure may not be sustainable. A divergence between rising prices and declining volume was noted in the late morning session.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 1.933 to 1.977, key levels at 38.2% (1.953), 50% (1.955), and 61.8% (1.957) were tested multiple times. The 61.8% level was a critical area of resistance during the morning, and failure to break it reinforced the bearish pressure. On the daily chart, retracement levels at 38.2% (1.945) and 61.8% (1.942) were also notable as support. These levels may act as psychological barriers in the next 24 hours.

Backtest Hypothesis

A backtest strategy could be designed to exploit the alternating bullish and bearish engulfing patterns observed in this 24-hour window. Given the strong volume and turnover spikes near the highs and lows, a possible entry would be after a confirmation candle breaks the 1.933 support or the 1.977 resistance, with a stop loss placed outside the opposite end of the range. A trailing stop could be employed once the price breaks out. This strategy would align with the observed volatility expansion and contraction cycles, leveraging the price's tendency to retest key Fibonacci and moving average levels for continuation or reversal signals.