Recently, the popularity of the F1 event caused a surge of 54% in a single day for $ALPINE , with the price soaring from 0.58 to 2.2. The explosive growth of such fan tokens often relies on the heat of the event, but one must be wary of historical patterns; previously, the OG token saw a single-day increase of 114% before experiencing a significant decline, and deep corrections after such surges are common phenomena.
Currently, the altcoin market is facing an overall issue of an increase in token supply, and ALPINE, being a small-cap coin with a market value of only several tens of millions of dollars, has a weaker risk resistance and is more likely to experience significant adjustments after a surge.
In terms of operations, it is recommended to attempt shorting near 2.06, and if it breaks through 2.26, then stop-loss and exit; conservative investors may focus on a support level at 1.84 dollars for profit, while aggressive investors may aim for a target at 1.50 dollars.
The subsequent trend of ALPINE will crucially depend on whether the popularity of the F1 event can be sustained and whether the project team takes substantial actions. Short-term volatility may be significant, and investors looking to seize opportunities need to closely follow real-time dynamics and adjust strategies in a timely manner.
