📉 $RIVER USDT Perpetual – Technical Analysis Update

RIVERUSDT has seen a massive sell-off after printing a recent high near $86. Price is currently trading around $12.6, showing an 80%+ correction from the top.

🔴 Market Structure

Strong bearish trend

Clear Lower High & Lower Low formation

Selling pressure dominated after hype move

🟢 Key Support Zones

$12.0 – $10.2 (current demand area)

$10.0 psychological support

➡️ A breakdown below $10 could open further downside.

🔴 Resistance Levels

$14.5 – $15.2 (short-term resistance)

$18 – $20 (strong supply zone)

📊 Price Action Insight

Volume is declining → sellers losing momentum, but buyers are still weak

Possible sideways move or small relief bounce, not a confirmed reversal yet

⚠️ Trading Note

Highly volatile & hype-driven asset

Avoid high leverage

Use small position size & strict stop-loss

📌 Best strategy:

Wait for a strong break and hold above $15 with volume for any trend reversal confirmation.

🧠 Trade smart. Risk management first.

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