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Summary
• Price surged from $0.576 to $0.657 in early ET, forming a strong bullish reversal pattern.
• RSI overbought above 70, suggesting potential near-term pullback.
• Volume spiked sharply during the $0.63–$0.66 range, confirming the breakout.
• Bollinger Bands showed a prior contraction before the breakout, indicating a volatility event.
• Fibonacci retracement levels at $0.62–$0.63 could offer near-term support.
Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at $0.576 on 2025-12-22 at 12:00 ET and reached a high of $0.661 before closing at $0.634 on 2025-12-23 at 12:00 ET, with a low of $0.576 during the session. The total 24-hour volume was approximately 4,164,620.98 and notional turnover was $2,650,960.12.
Structure & Formations
Price formed a strong bullish reversal pattern after a multi-hour consolidation below $0.615. A large bullish engulfing candle at 2025-12-23 11:45 ET confirmed the breakout. Key resistance appears to have shifted to the $0.64–$0.66 range, while immediate support is seen near $0.62–$0.63, aligning with Fibonacci retracement levels of the prior $0.576–$0.657 move.
Moving Averages & Momentum
On the 5-minute chart, price moved above the 20- and 50-period SMAs by late morning ET, indicating short-term bullish momentum. The daily chart shows price trending above the 50-period SMA, suggesting a longer-term uptrend could be in place. MACD showed a positive crossover and expanding histogram, reinforcing the strength of the rally.
Volatility and Bollinger Bands
Volatility was low before the breakout, with Bollinger Bands compressing during the consolidation phase.

Volume and Turnover
Volume surged during the breakout phase, especially in the $0.63–$0.66 range, confirming the strength of the move. Notional turnover also rose sharply during this period, aligning with price. No significant divergence between volume and price action was observed, supporting the bullish narrative.
RSI and Overbought Conditions
Relative Strength Index reached overbought levels above 70 by late morning ET, indicating the potential for a near-term correction. If RSI fails to re-enter overbought territory, this could signal further upside. However, a pullback to RSI 50–55 may still be viewed as constructive in a bullish context.
Forward Outlook and Risk
The strong breakout above $0.634 may encourage further gains toward the $0.66–$0.68 range, but a consolidation phase or pullback into $0.62–$0.63 is likely in the next 24 hours. Investors should monitor volume and RSI behavior for early signs of exhaustion or strength.
Conclusion
ALPINEUSDT has shown strong short-term momentum with confirmed breakout above key resistance. While the immediate outlook is positive, overbought RSI and the need for consolidation suggest caution. A retest of $0.62–$0.63 is expected, and any break below that could trigger a short-term correction.
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