Market Overview for Alpine F1 Team Fan Token/Tether (ALPINEUSDT): 24-Hour Analysis

• ALPINEUSDT declined sharply overnight, breaking below key support levels with a heavy bearish bias.
• Volume spiked after 19:30 ET on 2025-10-28, confirming the downward trend.
• Momentum indicators suggest overbought conditions were reversed into oversold territory.
• Price remains in a bearish channel, with a 61.8% Fibonacci retracement potentially next in focus.
• MACD and RSI show diverging momentum, hinting at a possible consolidation phase.

The Alpine F1 Team Fan Token (ALPINEUSDT) opened at 0.806 on October 28, 2025, at 12:00 ET, and closed at 0.787 on the following day at 12:00 ET. The price fell to a low of 0.764 before bouncing to a high of 0.817, forming a broad bearish range. Total volume over the 24-hour period reached 2,825,189.39, with a notional turnover of $2,263,061.44. The trend appears to be consolidating at lower levels amid increased volatility and bearish momentum.

Structure & Formations

The 15-minute chart shows a strong bearish bias, with a sequence of engulfing patterns and a long-legged doji forming near the 0.770 level, suggesting potential support. The price dropped below key psychological levels, including 0.800 and 0.790, reinforcing the downward bias. A bearish flag pattern has formed between 0.810 and 0.770, indicating a continuation of the decline. Fibonacci retracement levels show that the 61.8% level is currently around 0.776, which may act as a critical support zone if the pullback continues.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below the current price, indicating a bearish alignment. On the daily chart, the 50-period MA is at 0.798, while the 200-period MA is near 0.809, suggesting that the price may continue to trade below its long-term averages, which could indicate bearish sentiment for the next few days.

MACD & RSI

The MACD has turned negative and crossed below its signal line, reinforcing the bearish momentum. The histogram has been shrinking, which could signal weakening bearish pressure or a consolidation phase. RSI has fallen into oversold territory at the end of the 24-hour period, but it has not triggered a strong reversal signal yet. This divergence between momentum and price could indicate a potential bounce from key support levels in the near term.

Bollinger Bands

Volatility has expanded significantly as the price moved lower. The lower Bollinger Band now sits at 0.764, coinciding with the recent swing low. Price action has remained below the 20-period moving average for the majority of the period, indicating a continuation of bearish pressure. A potential bounce or consolidation within the bands may provide short-term traders with entry points if volume shows signs of stabilizing.

Volume & Turnover

Volume spiked sharply during the early part of the 24-hour period, particularly between 19:30 and 20:30 ET, where over 128,000 units traded at prices below 0.790. This volume confirmed the bearish breakouts. Later, as the price approached the 0.770 level, volume began to taper off, suggesting that the short-term bearish move might be running out of steam. Notional turnover increased in line with volume, especially during the sharp decline phase.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 0.817 to 0.764, the 38.2% retracement level is at 0.793 and has already been tested multiple times. The 61.8% level at 0.776 is the next key target for support. If the price holds above this level, it could set up a potential bounce. If it breaks through, the next target could be the 78.6% retracement at 0.761.

Backtest Hypothesis

To evaluate the potential profitability of a market timing strategy based on bearish signals, a structured backtest could be implemented. A practical approach would involve entering short positions when a Bearish Engulfing pattern appears on the 15-minute chart, with exits at the next day's open. The strategy could be tested across a defined universe of tokens, ideally including ALPINEUSDT as a representative sample. To assess effectiveness, the results could be compared against a buy-and-hold benchmark for the same period. Given the strong bearish momentum observed in the past 24 hours, such a strategy could have generated positive returns over a multi-week period, assuming consistent signal generation and proper risk management.