You shared the chart of $RIVER /USDT on the 15-minute timeframe.
Here is the analysis:
š Technical View (15m)
Last price: $1.85726
Variation: -10.23% for the day ā significant drop.
Market Cap: $36.42M
Liquidity: $2.25M (relatively low, which may increase volatility).
FDV: $185.79M
Holders on-chain: 13,143
š Recent Movement
The price reached $2.03 at the recent high.
Strong drop led to $1.50 (long wick ā shows aggressive selling, but also buyer defense in this region).
After that, there was a recovery to $1.94, but it lost momentum again, falling once more.
Now it tries to maintain around $1.85, showing some consolidation.
š Technical Levels
Resistances:
$1.94 (first immediate barrier)
$2.03 (previous high, stronger resistance in the short term)
Supports:
$1.70 (tested intermediate level)
$1.50 (critical support, bottom marked by the last sharp drop)
āļø Possible Scenarios
Up: If it breaks $1.94 with volume, it may seek again the region of $2.00 ā $2.05.
Down: If it loses $1.70, it opens space to test $1.50 once again.
š Summary: The token is quite volatile, with large wicks showing strong battles between buyers and sellers. As long as it stays above $1.70, the scenario is still one of attempting recovery, but losing this level may bring new selling pressure.
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$RIVER
