RIVER just took a sharp dip from its high of $106, currently sitting around the $60 mark. For many, seeing a -29% red candle is a reason to panic. But for the experienced traders? This is where the story actually begins.
🔍 Technical Breakdown:
The Retest: The price is currently testing the EMA(99) support (the purple line). Historically, this is a "make or break" zone. If it holds, we aren't just looking at a recovery; we are looking at a springboard effect.
RSI Alert: With an RSI of 34, RIVER is officially entering the "Oversold" territory. This means the selling pressure is exhausted. When the RSI is this low, a bounce-back is usually right around the corner.
Market Cap vs. FDV: With a $1.19B Market Cap and a massive community of 25,000+ holders, the foundation is solid.
💎 Why This Story Ends in Green
Every great bull run has a "retrace" chapter. Think of this as the river receding before a massive tsunami. The liquidity is building, the weak hands are out, and the "Smart Money" is likely watching these levels closely.
The Question is: Are you going to watch the river flow past you, or are you going to ride the wave back to $100? 🌊
⚠️ Disclaimer: This is not financial advice. Crypto markets are volatile. Always Do Your Own Research (DYOR) before investing!
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