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

Summary
• Price opened at 0.687 and closed at 0.687 after hitting a 24-hour high of 0.746 and a low of 0.674.
• Volume increased significantly toward the end of the period, especially between 04:45 and 06:30 ET.
• Momentum shifted from bearish to bullish with a strong 15-minute close at 0.736, indicating short-term buying pressure.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.687 on 2025-11-12 at 12:00 ET, closed at 0.687 at 12:00 ET the following day, and traded within a range of 0.674 to 0.746 during the period. Total volume for the 24-hour window was 1,833,944.21 units, while total notional turnover reached $1,278,429.56.

The candlestick pattern over the 24-hour period reflects a volatile session, particularly after 04:45 ET, where a large bullish candle with high volume indicated strong buying pressure. This is followed by a consolidation phase, where the price tested prior resistance levels and held above key support. A bullish engulfing pattern appears in the early morning session, reinforcing the likelihood of a short-term reversal. A doji at 0.701 ET suggests indecision, while the prior 15-minute hammer at 0.682 ET may indicate a potential reversal bottom.

Structure & Formations

Price found strong support at 0.687, which held throughout the session, preventing further declines. Resistance emerged at 0.736 and 0.718, both of which were tested but not decisively broken. A bullish engulfing pattern formed between 04:45 and 05:00 ET, suggesting a likely continuation of the upward move. The doji at 0.701 ET and the hammer at 0.682 ET may signal temporary pauses in the trend. A key 61.8% Fibonacci level appears to coincide with the 0.704 price level, which held as a minor support area.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging, with the 20-period line above the 50-period, suggesting a potential bullish crossover. On the daily chart, the 50-period moving average is near 0.704, aligning with a key Fibonacci retracement level. The 200-period MA is at 0.697, which appears to offer a broader baseline for trend continuation.

MACD & RSI

The MACD crossed above the signal line around 04:45 ET, signaling a bullish crossover. The histogram expanded, indicating increasing momentum. RSI reached an overbought level of 71 at 06:15 ET but pulled back slightly afterward, suggesting caution. A reading above 50 since the 04:45 ET time frame indicates bullish momentum, with the potential for a short-term continuation.

Bollinger Bands

Volatility expanded after 04:45 ET, with price reaching the upper band at 0.736 and briefly touching the lower band at 0.686. The price spent most of the session in the upper half of the band, indicating a bullish bias. A narrowing of the bands before the 04:45 ET breakout may have signaled a potential reversal, with the breakout validating the expectation.

Volume & Turnover

Volume increased sharply after 04:45 ET, with the largest single candle at that time accounting for nearly 12% of the total volume. The price movement and volume are aligned, indicating strong confirmation of the bullish breakout. The notional turnover also spiked during this period, reinforcing the conviction behind the move. No significant divergences were observed between price and volume, suggesting a cohesive trend.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.685 to 0.736, the 38.2% level is at 0.711, while the 61.8% level is at 0.701. Price held above both levels during the consolidation phase, with 0.701 acting as a temporary support. On the daily chart, a 61.8% retracement of the recent bearish move from 0.746 to 0.685 is at 0.714, which may offer additional resistance in the near term.

Backtest Hypothesis

The backtest applied default settings, using close price data and no additional risk controls. A bullish breakout strategy, triggered by a 20/50 MA crossover and confirmed by a volume spike, could have captured much of the upward move. The equity curve showed a positive return during the 04:45–06:30 ET period, indicating that the strategy aligns with the observed price action. Adjustments to include stop-loss or take-profit rules may improve risk-adjusted returns for future implementations.