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

• Price surged 10.5% in 24 hours, closing at $2.082 after a strong bullish reversal
• RSI reached overbought territory, indicating potential short-term pullback
• Bollinger Bands showed volatility expansion, aligning with breakout action
• Volume spiked during key rally, confirming momentum but suggesting caution ahead
• 61.8% Fibonacci level of recent high is a key near-term resistance to watch

At 12:00 ET–1, Alpine F1 Team Fan Token/Tether USDt (ALPINEUSDT) opened at $1.849 and surged to a 24-hour high of $2.185, before closing at $2.082 at 12:00 ET. The pair traded between $1.816 and $2.185, with total volume of 3,921,160.92 and turnover of $7,838,631.82 during the period.

Structure & Formations

The 24-hour OHLCV data revealed a powerful bullish reversal pattern, particularly between 01:45 ET and 05:00 ET, where the price broke above a key resistance cluster near $2.03–$2.05. A strong engulfing pattern emerged around 03:15 ET, confirming a shift in momentum. A doji at $2.174 during the 09:15 ET candle suggested a potential near-term consolidation. Key support levels at $2.047–$2.049 and resistance at $2.07–$2.074 were tested multiple times, with price ultimately breaking through the upper cluster.

Moving Averages

On the 15-minute chart, the 20-period MA was bullish, crossing above the 50-period MA to signal a potential continuation. The 50-period MA, at $2.006, provided a dynamic support level. On the daily chart, the 50-period MA was at $1.94, while the 100- and 200-period MAs, at $1.89 and $1.83 respectively, remained well below the current price, indicating a strong trend.

Backtest Hypothesis

The backtest strategy described involves using a golden cross (50-period MA crossing above 20-period MA) as a buy signal, combined with a RSI divergence trigger to confirm bullish momentum. Given the current alignment of the 20/50 crossover and the RSI divergence observed around 08:30 ET, the strategy would have generated a buy signal. This aligns with the actual price action, where the asset surged afterward. A trailing stop could be placed just below the $2.047 level, which was the most recent support.

MACD & RSI

The MACD turned positive and showed a bullish crossover at 02:00 ET, remaining above the signal line throughout the 24-hour period. RSI reached 71 by 04:30 ET, indicating overbought conditions, but failed to form a bearish divergence, which suggests the bullish trend could extend further. However, an RSI divergence was observed between 06:15 ET and 07:30 ET, which could foreshadow a short-term consolidation.

Bollinger Bands

Bollinger Bands expanded significantly between 03:15 ET and 06:45 ET, as the asset made a breakout above the upper band. Price has since traded within a moderate volatility range, suggesting that the initial burst of momentum may have stabilized. The current price of $2.082 is just below the upper band, indicating potential for a pullback if no new catalysts emerge.

Volume & Turnover

Volume spiked dramatically during the 03:15–05:00 ET window, coinciding with the asset's breakout above the $2.07–$2.074 resistance cluster. Total turnover rose to $1.95 million during this time. However, after 06:45 ET, both volume and turnover declined, suggesting that momentum may be waning. A divergence between price and volume was observed between 07:30 ET and 08:30 ET, where the price continued to rise but volume dropped, signaling caution.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $1.816 to $2.185, the 61.8% level at $2.083 is nearly aligned with the current price of $2.082, suggesting a potential stall or consolidation phase. The 78.6% level at $2.138 may act as a near-term resistance if bullish momentum resumes. On the daily chart, the 50% level of the broader rally appears to have been a key psychological barrier.

The near-term outlook for Alpine F1 Team Fan Token/Tether USDt is cautiously bullish, with momentum indicators and volume dynamics pointing to a potential consolidation around the 61.8% Fibonacci level. However, caution is warranted, as overbought RSI levels and a volume divergence could lead to a pullback in the next 24 hours. Investors should watch the $2.047 support level closely and remain alert for a reversal pattern or bearish divergence.