🌊 River ($RIVER ) Analysis: Is the Tide Turning?
$River is catching eyes today with a solid +8.91% move, currently sitting at $13.76. After a period of consolidation, the charts are starting to tell an interesting story.
📊 The Technical Breakdown
Price Action: We are seeing a bounce off the recent support level near $11.73. The price is currently testing the MA(7) and MA(30), looking to flip them into support.
RSI Check
The RSI (14) is sitting at 49.09. This is a "sweet spot"—it shows the asset is neither overbought nor oversold, leaving plenty of room for upward momentum if the volume stays steady.
MACD Insight
The MACD is showing a slight bullish divergence with a value of 0.346, suggesting that the selling pressure is fading and buyers are stepping back in.
🚀 What’s Next?
While the long-term MA(200) is still way up at $29.78, this current local recovery is a great sign for short-term traders. If River can hold above the $13.50 mark, we might see a push toward the previous local high near $18.00.
What do you think? Is this just a relief rally, or are we heading back to the $20+ range? Let me know your price targets in the comments! 👇
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