ALPINE Alert! Bears have drawn their swords, targeting 1.8!
This altcoin is putting on a "high-altitude dive"! After the price surged to 2.2666, it recorded three consecutive bearish candles, directly breaking through the upper band of the Bollinger Bands and forming a temporary top. Now it can't even hold the psychological level of 2.0! The Bollinger Bands have shifted from an upward opening to a flat downward trend, with the middle band at 2.0111 becoming a dynamic resistance level. The entire oscillation range has switched from an upward drive to a downward mode.
The technical indicators are all showing bearish signals! The MACD has just crossed bearish, the DIF line has already crossed below the DEA, and the green bars turning red indicate that bearish momentum is erupting—historical data shows that after this pattern appears, it averages a 7.2% drop in 3 days. The RSI is even more exaggerated, with three lines arranged in a bearish formation below 50, and there have been three instances of bearish divergence on the 30-minute cycle. This decline is not short-term; it will persist!
The most critical issue is the volume; today, when it broke through 2.0, there was a noticeable increase in volume, indicating that it's not retail panic, but rather the main force actively selling! Now the key is whether the rebound can reclaim 2.011; if it can't even get past this level, the first target is 1.9, and the second target heads straight for 1.82-1.8! Only if the price breaks through 2.15 will we consider stopping losses; otherwise, this bearish trend has just begun!
