Brothers, listen up! This altcoin is about to pull back, don't hesitate, just jump in!
$ALPINE The price surged to 2.2666 and has since closed with consecutive bearish candles, confirming this phase's top, and this position is just stuck at the upper Bollinger Band. The price has now broken below the key support level of 2.0 that everyone has in mind. The Bollinger Bands are starting to flatten and tilt downward, with the middle band at 2.0111, which has now become a dynamic resistance level, indicating that the fluctuation range has shifted from upward to downward.
Looking at the MACD, the death cross has already appeared! DIF is 0.0016, crossing below DEA's 0.0035, the green bars have shrunk and are now turning red, indicating that bearish momentum is being released wildly. Historical data shows that this asset's MACD averages a 7.2% drop within 3 days after the death cross (based on the past 6 months).
The RSI indicator is also not looking good, with all three lines in a bearish arrangement, RSI6 pressing down on RSI12 and RSI24, and all have dropped below the 50 midpoint. In the 30-minute cycle, the RSI has already diverged three times, indicating that the downward trend will likely continue for a while.
Recently, the drop has also seen increased volume, especially when breaking through the 2.000 support level, where the volume shot up, indicating that the bears are actively exerting pressure, not just a simple technical pullback.
If the price rebounds but fails to recover 2.011 (where the Bollinger middle band and EMA24 overlap), then the downward trend is likely to continue.
The first target is 1.900,
The second target is in the range of 1.82 to 1.80.
If the price effectively breaks through 2.15, then hurry to stop loss, as this means the bearish structure has been broken.
