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

• Alpine F1 Team Fan Token/Tether (ALPINEUSDT) declined over the past 24 hours amid declining volume and bearish momentum.
• Key resistance appears at 2.01–2.02, with support forming around 1.97–1.98.
• Volatility expanded in the morning before contracting into a narrow range by afternoon.
• RSI and MACD signaled bearish divergence, suggesting further downside potential ahead.
• Turnover peaked in the morning session but failed to confirm a strong reversal attempt.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 2.021 on 2025-09-14 at 12:00 ET and closed at 1.95 at 12:00 ET on 2025-09-15, with a high of 2.034 and low of 1.943. Total volume over the 24-hour period was approximately 608,893.35, and total turnover was roughly $1,182,240.

Structure & Formations

The 15-minute chart displayed a strong bearish bias with several key support and resistance levels forming. The initial high of 2.034 faced immediate rejection, forming a potential bearish engulfing pattern. Support formed at 1.98 and 1.97, with the latter acting as a key psychological level. A large bearish candle formed around 1.975, signaling exhaustion at this level. A doji formed around 1.99–2.00, indicating indecision.

Moving Averages

The 15-minute chart showed a bearish cross with the 20-period and 50-period moving averages both sloping downward. On the daily chart, the 50-period moving average crossed below the 100-period and 200-period lines, confirming a stronger bearish bias. Price appears to be trading below all major moving averages, indicating a continuation of the downtrend.

MACD & RSI

The MACD histogram showed a strong bearish divergence, with the line falling below zero as price continued to decline. The RSI indicator fell below 30, signaling oversold conditions but failed to trigger a bullish reversal, indicating that bearish momentum remains intact. A bearish crossover on MACD confirmed further weakness in the near term.

Bollinger Bands

Volatility expanded in the morning session as the price reached the upper Bollinger band before retracing sharply downward. By the afternoon, volatility had contracted, with price trading near the lower band, indicating bearish pressure. This suggests a potential bounce from the lower band, but without a clear break above the 1.99–2.00 range, continued bearish bias is likely.

Volume & Turnover

Volume spiked early in the morning but failed to produce a strong price reversal, suggesting bearish exhaustion at higher levels. Turnover was highest between 00:00–02:00 ET and again in the afternoon, aligning with key support and resistance levels. Divergence between price and volume was observed as volume declined during the final hours of the 24-hour window, indicating weakening bearish pressure.

Fibonacci Retracements

On the 15-minute chart, price tested the 61.8% Fibonacci retracement level at 1.97–1.98 before rebounding. A move below this level would likely bring in the 1.94–1.95 Fibonacci target as next support. On the daily chart, the 61.8% retracement is around 1.90, which would represent a significant bearish target if current momentum continues.

Backtest Hypothesis

A potential backtesting strategy could be based on bearish breakout signals from key Fibonacci levels and RSI divergences. The observed bearish engulfing pattern around 2.03 and the subsequent failure to reclaim 2.00 suggests a continuation pattern. A sell entry could be triggered on a confirmed close below 1.97 with a stop-loss above 2.00, targeting 1.94 as the first Fibonacci level. This approach would have yielded a short-term bearish trade, validated by divergences in MACD and RSI.