$RIVER Analysis + Next Move Prediction ๐จ๐
$RIVER has been one of the most aggressive movers this month, hitting a new all-time high near $70 just recently. Currently, itโs trading around $54 - $59, showing massive volatility after a parabolic run. With 24-hour volume reaching $87M+, the market is clearly heavily divided at these levels.
๐ The Real Talk Analysis:
The chart is a total battlefield right now. We saw an insane 900%+ pump in the last 30 days, driven by massive news like the $8M investment from Justin Sun and the Maelstrom Fund. But be carefulโthe RSI has been screaming overbought, and we are starting to see some heavy sell pressure near the $60 - $70 zone. While the "chain-abstraction" narrative is strong, the extreme leverage in the futures market means a liquidation wick could happen at any moment. ๐โ ๏ธ
๐ฅ๐ THE NEXT MOVE PREDICTION ๐๐ฅ
โข The Bullish Continuation: If $RIVER can flip the $62 level back into solid support, the next stop is a retest of the $70 ATH and potentially a push toward the psychological $80 mark. ๐โก
โข The Correction Zone: If the selling continues, watch the $45 - $48 range very closely. This was a previous consolidation zone and needs to hold to keep the bullish structure alive. A drop below $40 would signal a deeper trend reversal. ๐๐ฏ
โข Bottom Line: Don't FOMO into a vertical line. The smart play is to wait for the volatility to settle or look for entries on a confirmed retest of the $45 support. ๐๐ง
Are you riding $RIVER to $100 or is the pump over? Let us know below! ๐
