🌊 $RIVER /USDT: Parabolic Breakout or Overextended?
RIVER is currently one of the hottest performers in the market, driven by a massive 18.37% surge today and significant institutional backing from players like Justin Sun and Arthur Hayes.
📊 Technical Breakdown (4H Chart)
Price Action: The token is in a strong uptrend, currently trading at $61.77. It has successfully broken out of an ascending channel and is holding well above its major moving averages.
Moving Averages: The EMA(7) at $56.28 and EMA(25) at $48.19 are providing steep dynamic support. As long as RIVER stays above the $56 level, the parabolic structure remains intact.
RSI (6): Currently at 68.58, which is reaching the "overbought" threshold. While momentum is high, traders should be cautious of a cooling-off period or minor retracement.
Liquidity Clusters: Dense short-side liquidation zones exist around $59–$60. Reclaiming this zone convincingly could propel the price toward the $80–$100 range in Q1.
⚡ Trade Setup (Momentum/Swing)
🔵 Entry Zone: $58.50 – $61.00 (Look for stability above the recent local peak).
🎯 Target 1: $68.00 (Psychological resistance and previous high).
🎯 Target 2: $75.00+ (Open price discovery zone).
🛑 Stop Loss: $54.00 (Below the 4H EMA 7 support to protect against a sharp pull-back).
⚠️ Risk Warning: Be aware of a reported "supply cornering scheme" where a single entity holds a significant portion of the supply, which could lead to high volatility or sudden liquidations. Always manage your risk!
#RIVER #DeFi #CryptoAnalysis #BinanceSquare #JustinSun #ArthurHayes
