Key Market Statistics
Current Price: $51.33
24h Performance: +17.78% (Bullish Momentum)
Market Cap: $1.00 Billion
Fully Diluted Valuation (FDV): $5.13 Billion
On-chain Liquidity: $1.83 Million
Total Holders: 24,878
🔍 Technical Analysis & Price Action
Looking at the 1-hour (1h) candlestick chart, RIVER has shown a remarkable recovery. After hitting a local bottom near the $30.42 mark, the token found strong support and entered a steady uptrend.
Resistance & Support: The price is currently battling resistance around the $54.00 zone. A successful breakout above this could lead the token back toward its previous high of $69.55.
RSI (Relative Strength Index): The RSI(6) is currently at 62.72. This indicates that the token is in a healthy bullish zone—showing strength without being "overbought" yet, which leaves room for further upward movement.
Volume: We noticed a significant volume spike during the recovery phase, suggesting that whales or large institutional buyers might be accumulating at lower levels.
💡 The Verdict
With a market cap hitting the $1 Billion milestone, RIVER has officially entered the "Unicorn" category of crypto projects. While the FDV is considerably higher at $5.13B (suggesting future supply entries), the current trend is firmly in favor of the bulls.
Investors are keeping a close watch on the $51.00 support level. If RIVER maintains this position, the next "wave" could take it to new heights #WhoIsNextFedChair $RIVER
