Summary
• Price surged 28.5% over 24 hours, breaking above 0.531 into 0.661.
• Strong bullish momentum in final hours with volume spiking above $700,000.
• Bollinger Bands widen in morning, showing increased volatility after consolidation.
• 20-period EMA flipped bullish, while 200-period MA acts as key support around 0.53.
• RSI peaks at 83 in late session, signaling potential short-term overbought territory.
Alpine F1 Team Fan Token/Tether (ALPINEUSDT) opened at 0.527 and closed at 0.661 after 24 hours, with a high of 0.679 and low of 0.524. Total volume reached 5.13 million, and notional turnover hit $3.46 million. The price trend shifted decisively higher in the final 6 hours, with momentum and volume aligning.
Structure & Formations
Price broke through a key resistance at 0.531 early in the morning, followed by a strong bullish continuation as buyers pushed into 0.679. A large bullish engulfing pattern formed around 0.553, confirming a reversal from prior bearish pressure. No significant bearish reversal patterns emerged, suggesting a continuation of the upward trend in the near term.
Moving Averages
On the 5-minute chart, the 20-period EMA flipped from bearish to bullish, crossing above the 50-period EMA in the final hour. Daily chart indicators show the 50-day MA at 0.546, and the 200-day MA around 0.53. Price is currently above both, indicating a sustained bullish bias.
MACD & RSI
The MACD crossed into positive territory late in the session with a strong histogram expansion, reinforcing bullish momentum.
RSI peaked at 83 as price approached 0.679, suggesting the pair may face near-term consolidation or a pullback before further upside.
Bollinger Bands
Volatility expanded sharply after 06:00 ET as price pushed higher, with Bollinger Bands stretching wide. Price closed near the upper band at 0.661, indicating a period of high volatility. A contraction in the next 24 hours could signal a potential pause or reversal.
Volume & Turnover
Volume increased significantly in the final 6 hours, particularly between 10:00 and 12:00 ET, with a massive $1.13 million turnover in the last 15-minute candle. This confirms strong buying pressure and alignment with price action, indicating institutional or large-capacity participation.
Fibonacci Retracements
The recent 5-minute retracement from 0.679 to 0.597 found strong support at the 61.8% level near 0.617, which was then used as a base for a new rally. On the daily chart, the 38.2% retracement of the recent leg up is at 0.623 and could serve as a key support/resistance level in the coming days.
The market may consolidate above 0.623 in the next 24 hours before testing the 0.679 resistance again. Traders should watch for a pullback to the 20-period EMA or 0.623 as potential entries. However, a breakdown below 0.610 could reintroduce near-term volatility and uncertainty.
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