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

• Price surged from $4.404 to $6.73, hitting a 24-hour high before consolidating at $5.584.
• High-volume bullish momentum observed between 19:00–20:45 ET, followed by a sharp correction.
• RSI and MACD showed overbought conditions during the peak rally, suggesting potential reversal.
• Volatility expanded significantly, with Bollinger Bands widening as price tested key Fibonacci levels.
• Divergence between price and turnover suggests mixed sentiment ahead of a potential consolidation phase.

The Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $4.404 on 2025-09-27 at 12:00 ET and surged to an intraday high of $6.73 before closing at $5.584 on 2025-09-28 at 12:00 ET. The 24-hour volume totaled 12,050,113.59, with a notional turnover of $63,389,332.79. Price action showed a strong bearish correction following a sharp rally, with key Fibonacci levels and moving averages providing structure.

Structure & Formations

Price formed a large bullish candle between 19:00–21:30 ET, followed by a bearish engulfing pattern from 22:00–02:00 ET as buyers became exhausted. Key support levels formed around $5.50–5.70, with resistance identified near $5.90–6.10. A hanging man pattern appeared around 05:00–07:00 ET, signaling potential short-term topping action. The 61.8% Fibonacci retracement at $5.77–5.80 coincided with a short-term consolidation phase, suggesting the market may test these levels again.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside during the rally but were later breached by the bearish correction. Daily moving averages (50, 100, 200) remained neutral, with the 200SMA acting as a dynamic floor at $4.90–5.00. The price is currently trading above the 50DMA, indicating a bullish bias in the short term, but the 100DMA is catching up, which could lead to a consolidation or reversal if the price fails to hold above it.

MACD & RSI

The MACD histogram surged into overbought territory during the 19:00–20:15 ET rally, followed by a bearish crossover that signaled weakening momentum. RSI hit 85 at one point, suggesting overbought conditions and a high probability of a pullback. However, RSI did not form a classic top, indicating that buyers may still re-enter the market. Momentum appears to be stabilizing as RSI pulls back into the 60–65 range, signaling potential equilibrium.

Bollinger Bands

Volatility expanded dramatically during the peak rally, with the upper band reaching $6.70 and the lower band dipping below $5.40. Price action tested the upper band multiple times before retreating to the center. The most recent contraction of the bands occurred around 08:00–10:00 ET, suggesting a potential breakout attempt. Price is currently positioned slightly below the mid-band, indicating a balanced but slightly bearish sentiment in the near term.

Volume & Turnover

Trading volume spiked during the 19:00–21:45 ET rally, with over 1.2M units traded in a 2.5-hour period. Notional turnover also rose sharply, confirming the strength of the bullish move. However, during the subsequent bearish correction, volume remained elevated but failed to confirm the sharp decline, indicating mixed sentiment. A divergence between volume and price suggests that buyers may still be active even during the pullback.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (from $4.404 to $6.73), key levels at 38.2% ($5.73), 50.0% ($5.567), and 61.8% ($5.40) appear to be critical for near-term support. Price has already bounced off the 50.0% level and is currently consolidating around $5.58–5.60, suggesting that a continuation to the 38.2% level could be in play if buyers re-enter the market.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions upon a bullish crossover of the 20SMA and 50SMA, with a stop-loss placed below the 61.8% Fibonacci level. A target could be set at the 38.2% retracement level, with an exit strategy triggered by a bearish MACD crossover and RSI entering overbought territory. This strategy would aim to capture short-term momentum in a volatile asset like ALPINEUSDT, leveraging trend confirmation and volatility contraction as entry signals.