$RIVER Price Update: Pullback Phase or Next Bullish Leg?
📉 Current Market Structure:
Bias: Short-term Bearish → Medium-term Bullish (if key support holds)
RIVER just made a parabolic move up to ~$69.5 and then printed a sharp rejection. That kind of move almost always needs cooling / consolidation before the next leg.
Right now:
Price is below EMA-25 (~$42.8) → short-term weakness
Still well above EMA-99 (~$28.6) → overall trend not broken
RSI ~43 → momentum reset, not oversold yet
So this is NOT a trend reversal yet, but also not strong bullish right now.
🐻 Bearish Scenario (Short-term)
If price fails to reclaim EMA-25 and loses $42, expect continuation down.
🔴 Key Supports
$42 – $40 → immediate support zone (decision area)
$36 – $34 → strong demand + structure support
$30 – $28 → major trend support (EMA-99 + breakout base)
⚠️ Below $28 = structure break → then trend turns bearish.
🐂 Bullish Scenario (Continuation)
Bullish continuation only if price reclaims and holds above resistance with volume.
🟢 Key Resistance
$48 – $50 → first major resistance
$58 – $60 → supply zone
$69 – $72 → ATH / strong rejection zone
A 4H close above $50 would flip momentum bullish again.
🧠 Supply Context (Important)
Total supply: 100M
Circulating: ~19.6M
👉 Low circulating supply = high volatility
Moves will be violent both up and down, so corrections like this are normal.
📌 Summary (Straight Talk)
Short-term: ❌ Not strong bullish
Medium-term: ✅ Bullish as long as $28–30 holds
Best bullish confirmation: Reclaim $50
Danger zone: Below $28
DISCLAIMER:
Not Financial Advice DYOR.
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