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

Summary
• Price declined 4.2% over 24 hours, forming bearish continuation patterns on 5-minute charts.
• RSI entered oversold territory near 30, suggesting potential short-term reversal.
• Bollinger Bands widened as volatility increased during the early morning session.
• Volume spiked after 04:30 ET, coinciding with a key breakdown below 0.600.
• Fibonacci 61.8% level at 0.593 appears to be holding as immediate support.

Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.608 and closed at 0.59 at 12:00 ET. The 24-hour range extended to 0.609 high and 0.587 low. Total volume was 673,359.09 and turnover was 392,806.40. Price action showed a bearish bias, especially after a breakdown below 0.600 on increased volume.

Structure & Formations

Price formed a bearish engulfing pattern near 0.606 and a bearish harami at 0.603. A doji appeared at 0.597, suggesting indecision. The 5-minute chart shows a key breakdown below 0.600 with confirmation by bearish volume, indicating short-term bearish momentum.

Moving Averages

On the 5-minute chart, price closed below the 20- and 50-period moving averages, confirming a bearish bias. Daily moving averages (50/100/200) were not crossed but remained in a neutral position, suggesting medium-term uncertainty.

MACD & RSI

MACD lines showed a bearish crossover in the morning, with negative momentum continuing throughout the session. RSI dipped below 30 in the final hours, indicating oversold conditions that could encourage short-covering or minor rebounds.

Bollinger Bands

Bollinger Bands widened during the early morning hours, signaling increased volatility. Price closed near the lower band at 0.59, with a potential bounce expected, though a sustained break below the band could signal further downside.

Volume & Turnover

Volume spiked sharply after 04:30 ET, coinciding with the breakdown below 0.600. Notional turnover also increased during this phase, confirming the move. Price and turnover aligned well during this phase, suggesting a credible breakdown.

Fibonacci Retracements

Price found support at the 61.8% Fibonacci retracement level of the recent 5-minute swing at 0.593. This level may act as a near-term floor. A break below could target 0.584–0.585 as the next Fibonacci extension.

Traders may watch for a potential rebound from the 0.593 level, but risk remains to the downside if this support fails. Caution is advised as the market remains in a short-term bearish phase with elevated volatility.