🌊 $RIVER Pump: To the Moon or Back to Earth? 🚀
$RIVER is the talk of the town today, up nearly 30% and trading at $44.31. But is there any gas left in the tank?
The Bull Case 📈
Momentum: The price is holding strong above the MA(7) ($43.67). As long as we stay above this, the trend is your friend.
Volume: Steady green bars show real buying interest, not just a "pump and dump" spike.
The Bear Case ⚠️
Resistance: We are seeing rejection near $45.68. Sellers are clearly waiting there.
Token Unlock Alert: A major $74M token unlock is happening tomorrow (Jan 22). Historically, this brings heavy sell pressure as early investors take profits.
RSI: At 67.7, we are getting close to "overbought" territory.
The trend is still bullish, but the easy money has been made. If it doesn't break $46 soon, a correction toward $40 is likely before the unlock tomorrow.
Watch your stops! 🛡️
#RIVER #Crypto #Trading #BinanceSquare