$ALPINE / USDT – Recovering After Spike, Watching Resistance
$ALPINE is currently trading at $1.096, showing a recovery after a sharp upward spike that reached a high of $1.210. The price is now consolidating below this peak, and the $1.10 - $1.12 area appears to be a key resistance zone to watch.
Trade Setup (Monitoring Resistance):
Potential Support Zone: $1.080 - $1.090
Key Resistance: $1.100 - $1.120
Bullish Scenario:
Entry (Long): Break above $1.120 with increasing volume
Target 1: $1.150
Target 2: $1.180+
Stop Loss (Long): Below $1.070
Bearish Scenario:
Entry (Short): Rejection at $1.120 with strong selling volume, break below $1.080
Target 1: $1.050
Target 2: $1.030
Stop Loss (Short): Above $1.130
ALPINE/USDT has shown significant volatility with the recent spike. The current price action suggests a potential consolidation phase. Monitoring how it interacts with the $1.10 - $1.12 resistance will be crucial. A break above could signal a retest of the highs, while rejection could lead to further downside.
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