Market analysis shows that AlpineToken ($ALPINE) is currently in a downward trend, and investors should remain vigilant.



Recently, the price of $ALPINE has been continuously declining after reaching a high of 2.2666, breaking below the key psychological level of 2.0. Technical indicators show clear bearish signals: the Bollinger Bands are flattening and sloping downwards, with the middle band at 2.0111 having turned into a resistance level; the MACD indicator has formed a death cross, with the DIF line crossing below the DEA line; the RSI indicator shows a bearish arrangement, and all three lines have fallen below the 50 midline.

It is worth noting that the recent decline has been accompanied by an increase in trading volume, especially with a surge in volume when breaking the 2.000 support level, indicating that the bears are actively exerting pressure rather than just a simple technical adjustment.

According to historical data, within 3 days after the MACD death cross appears, the average decline of $ALPINE reaches 7.2%. If the price cannot rise above 2.011 (the crossover point of the Bollinger Bands middle line and EMA24), the downtrend is likely to continue.

For investors interested in this token, it's important to closely monitor the following key price levels:
1. The primary target for the decline is around 1.900.
2. If it breaks below 1.900, the secondary target range is between 1.82 and 1.80.
3. If the price can effectively break through 2.15, it may indicate the failure of the bearish structure, and at that time, it will be necessary to adjust the strategy in a timely manner.

In the current market environment, investors should remain cautious and closely monitor market trends and the release of important economic data, such as the U.S. Producer Price Index (PPI), as these factors may impact the cryptocurrency market. Additionally, attention should be paid to changes in regulatory policies, such as the Federal Reserve's stance on regulating innovation activities, as these could also affect market sentiment.
ALPINE-0.52%
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RugResistantvip
· 08-16 15:00
bearish traders have already started to unleash their firepower. Don't go all in!
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GasFeeLadyvip
· 08-16 07:50
waiting for the dip like watching gas fees at 3am... classic dumping pattern here
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ChainPoetvip
· 08-16 07:47
The post-90s generation is really suffering.
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OPsychologyvip
· 08-16 07:29
Bankruptcy has been prematurely concluded.
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