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

• Price action showed a bearish bias with a 24-hour close near 1.928 after an intraday high of 1.968.
• RSI and MACD confirmed weakening momentum with RSI below 40 and a negative MACD crossover.
• High volatility observed with a 15-minute Bollinger Band width at 1.8% in early AM ET hours.
• Volume spiked at 69,867.06 during the 1145 ET session, coinciding with a failed attempt to retest key resistance.
• Fibonacci retracements from the 1.968 high suggest 1.935 as a key near-term support level to watch.

The Alpine F1 Team Fan Token/Tether USDt (ALPINEUSDT) opened at 1.960 on 2025-09-09 at 12:00 ET, reached an intraday high of 1.968, and closed at 1.928 as of 12:00 ET on 2025-09-10. The pair recorded a 24-hour trading range between 1.921 and 1.968, with total volume of 698,670.06 and notional turnover of ~1,349,000 USDt. The downward bias was consistent across key resistance zones, especially after 4:00 AM ET.

Structure & Formations

ALPINEUSDT formed multiple bearish engulfing patterns in the 0100–0230 ET timeframe, reinforcing the downward trend. A key support level emerged at 1.928–1.931, confirmed by a bullish reversal candle during the 1115–1145 ET period. The 1.945–1.947 zone acted as a failed resistance, with price rejecting above it multiple times. A bearish harami was observed around 1145 ET, coinciding with high volume and suggesting a potential short-term bottoming process.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both crossed below the price action around 11:30 ET, reinforcing the bearish trend. Daily data, though not fully visible in this 15-minute dataset, suggests the price is trading below the 50, 100, and 200-period moving averages, indicating a continuation of the longer-term downtrend.

MACD & RSI

The RSI declined from an overbought zone near 60 to below 40 by 5:00 AM ET, signaling weakening bullish momentum. The MACD crossed below the signal line in the early AM ET hours, and both lines remained in negative territory, confirming the bearish bias. A potential oversold condition may develop as RSI approaches 30, but a reversal is unlikely without a strong bullish catalyst.

Backtest Hypothesis

A potential backtesting strategy involves entering short positions when RSI crosses below 50 and a bearish engulfing pattern forms on the 15-minute chart. Stop-loss could be placed above the nearest resistance, such as the 1.943–1.945 zone, while the initial target would be 1.921–1.917, a Fibonacci 61.8% retracement level from the 1.968 high. Long entries may be considered near 1.928–1.931 if a bullish reversal candle forms with increased volume, confirming short-term support. This strategy aligns with observed volatility patterns and could be tested using a 24-hour breakout framework, particularly in the 4–6 AM ET window when volatility and volume tend to be elevated.