Summary
• Price formed a bullish engulfing pattern near 0.581–0.585, followed by a sharp 8.4% rally.
• RSI surged into overbought territory (70+), signaling potential near-term pullback.
• Volatility expanded sharply during the 03:15–05:45 ET window, with volume spiking above 250,000.
• Bollinger Bands widened during the 03:15–05:45 ET surge, confirming a breakout phase.
• Key support now at 0.581 (Fib 61.8% level), resistance at 0.614 (swing high).
Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.604 on 2025-12-21 12:00 ET, reached a high of 0.667, a low of 0.57, and closed at 0.584 on 2025-12-22 12:00 ET. Total volume for the 24-hour window was 10,329,851.37, with a notional turnover of approximately $6,028,944.
Structure & Formations
Price action showed a strong short-covering phase after hitting the intraday low of 0.57, with a bullish engulfing pattern forming around 0.581–0.585. The 0.604–0.62 level appears to be consolidating as a potential minor resistance zone. A bearish divergence on the RSI suggests caution around the 0.622–0.633 range.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA during the 03:15–05:45 ET window, indicating short-term bullish momentum.
On the daily chart, the 50-period MA sits near 0.588, while the 100 and 200-period MAs are at 0.592 and 0.597 respectively. The price is now below key moving averages, suggesting bearish bias in the medium term.
MACD & RSI
The MACD line crossed into positive territory during the morning surge, with a strong histogram confirming bullish momentum. The RSI hit overbought levels (70+) near 0.667 and has since retreated below 60, indicating short-term profit-taking and potential for a consolidation phase.
Bollinger Bands
Bollinger Bands expanded dramatically during the 03:15–05:45 ET window, coinciding with the price surge from 0.59 to 0.667. Price has since pulled back toward the upper mid-band, suggesting potential for a sideways consolidation or another breakout attempt.
Volume & Turnover
Volume surged to over 825,122.15 during the 06:00–06:15 ET window, coinciding with the high of the day at 0.667. This was followed by a sharp pullback and lower volume, indicating reduced conviction. Notional turnover also spiked during this period, confirming the significance of the move.
Fibonacci Retracements
Key Fibonacci levels from the 0.57–0.667 swing include 0.614 (61.8%) and 0.601 (38.2%). The price is now testing the 0.581 (61.8%) level, which could act as a support zone if buyers step in. A break below this level could trigger a test of the 0.573–0.57 level.
Over the next 24 hours,
could consolidate between 0.581 and 0.614, with the potential for a breakout either higher or lower depending on volume and sentiment. Traders should watch for a potential retest of the 0.614–0.622 range, with a risk of a pullback below 0.581 if momentum fails to hold.
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