Summary
•
dropped to 0.594 before rebounding to 0.612, forming a bullish reversal pattern.
• RSI and MACD indicate potential momentum shift, with RSI near overbought territory.
• Bollinger Bands show tightening volatility before a sharp late morning breakout.
• Volume spiked 2–3x average during the 04:00–06:00 ET rally.
• 0.602 appears as a key support level, with 0.61 acting as immediate resistance.
Market Overview
At 12:00 ET on 2025-12-29, Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.602, hit a high of 0.612, and a low of 0.591 before closing at 0.602. Total volume reached 678,831.99, with notional turnover of $404,243.86.
Structure & Moving Averages
Price carved a clear 4.5-hour consolidation pattern before a sharp move higher. The 5-minute 20SMA crossed above the 50SMA near 0.601, supporting a bullish bias. Daily MA lines remain neutral, with price hovering slightly above the 100SMA but below the 200SMA.
Momentum and Volatility
RSI climbed to 68 at 04:30 ET, suggesting potential overbought conditions. MACD turned positive around 03:45 ET, confirming upward momentum. Bollinger Bands contracted sharply before the 04:00–06:00 ET breakout, signaling a probable continuation.
Volume and Turnover
Trading activity surged during the 03:45–05:00 ET rally, with over 61,000 volume in the key 03:45–04:00 ET candle. Price and turnover aligned well in this period, suggesting conviction.
Fibonacci and Patterns
A 5-minute swing from 0.594 to 0.612 sees current price near the 50% Fibonacci retracement level at ~0.603. A bullish engulfing pattern is visible at the 03:45–04:00 ET candle, adding short-term upside potential.
The market may test the 0.608–0.61 resistance zone over the next 24 hours if the 0.602 support holds. Investors should remain cautious, as a retest of the 0.594–0.596 range could trigger a bearish response.
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