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

• Price fell from 0.969 to 0.981 amid strong bearish momentum and rising volume.
• RSI and MACD show bearish divergence as price nears a key support zone.
• Volatility expanded with a 1.5% range and a potential reversal pattern near 0.981.
• Bollinger Bands indicate contraction before a potential break to the downside.
• Volume and turnover are skewed to the bearish side late in the 24-hour window.

The Alpine F1 Team Fan Token (ALPINEUSDT) opened at 0.962 on 2025-10-11 at 12:00 ET and closed at 0.981 on 2025-10-12 at 12:00 ET, hitting a high of 1.029 and a low of 0.876. Total traded volume over the 24-hour period was 14.25 million, with notional turnover reaching $14.55 million. The price action reflects bearish pressure, especially after 19:00 ET when a sharp downward move occurred.

Structure & Formations

The price structure suggests a bearish bias, with a key support level forming near the 0.980–0.982 zone. A notable bearish engulfing pattern was visible around 0.906–0.902 on the 15-minute chart, indicating strong selling pressure. A bearish harami pattern also appeared near 0.915–0.912, suggesting indecision before the downward leg. Resistance is clustered between 0.950–0.960, which may act as a psychological barrier for further bearish continuation.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA show a bearish crossover, with both lines trending lower. On the daily chart, the 50-EMA, 100-EMA, and 200-EMA are in descending order, confirming a bearish trend. The price closed below all three, reinforcing a downtrend setup that could persist unless buyers re-enter near the 0.980 level.

MACD & RSI

The MACD turned bearish late in the session, with a negative crossover and declining histogram, signaling waning bullish momentum. The RSI reached oversold territory (around 30) at the 0.981 close, indicating a possible short-term bounce. However, the divergence between rising price and falling RSI suggests caution. A bearish crossover on RSI and bearish MACD could confirm further weakness if the 0.980 support breaks.

Bollinger Bands

Bollinger Bands showed a period of contraction from 0.890–0.910, followed by a sharp expansion as the price broke to the downside. The current price of 0.981 is near the lower band of the 20-period band, indicating a high probability of either a reversal or a continuation of the bearish move. A break below 0.980 would likely see the price test the next support at 0.965.

Volume & Turnover

Volume was highest during the bearish leg between 19:00–21:00 ET, with a 250k+ volume candle confirming the move. Notional turnover spiked to over $2.8 million during the 21:30 ET candle when the price dropped from 0.917 to 0.901. However, volume has since cooled, which may indicate a lack of conviction in the short-term bearish move. This could be a sign of an imminent reversal or consolidation phase.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 0.876 to 1.029, the 0.981 close is at the 61.8% level, suggesting a high probability of a retracement or consolidation. A break below 0.980 would test the 78.6% level at 0.965, while a rebound above 0.981 could aim for the 50% level at 0.951. The 0.980 level is therefore critical for near-term direction.

Backtest Hypothesis

The backtesting strategy focuses on short-term bearish setups based on bearish engulfing patterns on the 15-minute chart, confirmed by RSI divergence and a bearish MACD crossover. Positions would be triggered when the pattern completes and RSI crosses below 50, with stop-loss placed just above the pattern’s high and take-profit at the next Fibonacci level. A 3:1 risk-to-reward ratio is assumed, and the strategy would aim to capture short-term bearish momentum in a volatile market like ALPINEUSDT.