Market Overview for Alpine F1 Team Fan Token/Tether (ALPINEUSDT)

• Price surged 27.6% over 24 hours, closing at 2.054 from 1.981
• Volume spiked dramatically during final 15-minute period, indicating strong interest
• RSI and MACD both signaled bullish momentum, aligning with a break above key resistance
• Bollinger Bands expanded with price near upper band, showing increased volatility
• Fibonacci retracement levels supported key resistance at 2.05 and 2.06

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 1.981 on 2025-09-23 12:00 ET and reached a high of 2.082 before closing at 2.054 at 12:00 ET on 2025-09-24. Total 24-hour trading volume was 613,629.29, and notional turnover was approximately 1,258,500. The price action displayed a strong bullish bias, with a significant breakout and follow-through volume.

Structure & Formations

The 24-hour chart displayed a clear bullish bias, with price breaking above the previous resistance at 2.05. A strong bullish engulfing pattern formed during the final 15-minute candle of the session, closing near the high of 2.054. A prior bearish reversal at 1.97 confirmed the short-term support. Notable support levels include 1.95, 1.965, and 1.97, while key resistances were tested at 2.05 and 2.06.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period moving averages, confirming the short-term bullish trend. The 50-period line at 1.988 suggested that the move to 2.054 was above the key trendline. On a daily chart basis, if available, the 50-period MA would have acted as a key support level for the upward move.

MACD & RSI

The MACD turned positive and showed increasing bullish momentum during the final 2 hours of the session. The RSI climbed to 67 near the close, indicating strong buying pressure. While not overbought, the RSI suggested further upside potential before reaching a potential overbought threshold at 70.

Bollinger Bands

Price closed near the upper Bollinger Band of the 20-period set, confirming a breakout. The 20-period BB width expanded significantly as volatility increased. The lower band remained at 1.965, and the midline was at 2.005. Price behavior indicated a likely continuation of the upward trend, provided the lower band does not show any strong bearish rejection.

Volume & Turnover

Volume surged in the final 15-minute candle, with a notional turnover of approximately 347,437. The volume was the highest of the session and aligned with the bullish price move. The volume/price divergence was negligible, suggesting strong conviction behind the move. The average volume was 5,113, but the final candle alone accounted for 56% of the day’s total, indicating a potential climax or strong follow-through.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing low (1.96) and swing high (2.082), key levels of 2.05 and 2.06 were tested at the close. The 61.8% retracement level at 2.05 served as a significant resistance zone, and the price closing at 2.054 indicates strong momentum above this level. The next key target could be at 2.065, which is the 78.6% retracement.

Backtest Hypothesis

A potential backtest strategy would involve entering long at 2.05 with a stop loss at 2.025, targeting 2.065 as a 78.6% Fibonacci level. The MACD and RSI readings support the strategy by indicating strong bullish momentum and no signs of overextension. A trailing stop could be applied after price breaks 2.065 for further upside capture, as confirmed by the Bollinger Band and volume divergence analysis.