$RIVER – Retesting structural support. Sellers losing momentum at the range low.
Long $RIVER
Entry: 13.50 – 14.50
SL: 11.80
TP1: 15.90 (Immediate 24h High)
TP2: 17.50 (MA 5 Resistance)
TP3: 24.80 (Technical Target)
River ($RIVER) is currently navigating high volatility after a sharp correction from its January peaks, now trading near the $13.31 level. Despite broader bearish pressure and upcoming token unlocks, the price is showing signs of stabilization above a critical demand zone at $12.11 - $14.70. We are seeing early signs of absorption as the downward momentum slows and multiple rejections occur near the psychological $15.00 area, suggesting that selling pressure is fading.
Fundamentally, the project continues to expand its utility, recently launching a satUSD+ pool on Pendle and integrating with Curve Finance to deepen liquidity for its native stablecoin. Technically, the RSI is showing an upward trend from oversold levels, often a precursor to a relief rally. A successful reclaim of the $15.90 resistance would confirm a local bottom and open the door for a move back toward the $17.50 - $24.80 liquidity targets.
Trade $RIVER here 👇
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.