$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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