$RIVER /USDT: Massive Dump! Time to Buy the Dip or Wait? 📉
$RIVER has taken a sharp hit on the 1H chart, crashing from $66.00 down to $39.58. The trend has shifted from bullish to Bearish, and the price is currently struggling near the lower Bollinger Band.
Technical Breakdown:
Trend: Bearish. The price is trading well below the middle band ($43.28), showing strong selling pressure.
Support: Immediate support is at $36.32. If this fails, we might see a drop toward $30.68.
Resistance: To regain bullish momentum, RIVER must break back above $43.30.
MACD: The MACD is in the negative zone, indicating that the downward momentum is still active.
Verdict: The trend is currently Bearish. I would avoid FOMO buying here. Wait for the price to stabilize or show a "Double Bottom" pattern near $36 before looking for long entries.
Is this the bottom for RIVER, or is more pain coming? Let’s discuss below! 👇
Disclaimer: Not financial advice. DYOR.
#RIVER #CryptoCrash #BinanceSquare #WriteToEarn #BearishTrend
