Can $ALPINE be shorted? You'll know after reading this!
This token belongs to the fan token segment, and whether it rises or not mainly depends on the hype of sports events or official activities. Currently, there is no news to stimulate it, so the price is naturally prone to decline. Additionally, with money concentrated in the hands of a few, it is even easier to drop when no one is willing to take over.
Based on the latest technical features and market data of ALPINE, there is a clear overbought signal with RSI in the overbought zone, indicating that the short-term increase has deviated from a reasonable range, and market sentiment is overheated, leading to strong demands for corrections.
The price is close to the upper Bollinger Band at 2.21, which is usually a resistance level. The trend strength has weakened as indicated by the EMA, and the gap with the current price of 2.14 exceeds 10%, showing that the short-term upward momentum is exhausted. If it cannot continue to break through, it is likely to trigger a return to the moving average. The MACD histogram at 0.1667 has shortened compared to the previous period, and the gap between DIF and DEA has narrowed, indicating a weakening of bullish power.
Objectively speaking, the technical analysis shows that there is a very strong demand for a correction in ALPINE in the short term. Therefore, it can be directly shorted.
