$RIVER is exhibiting strong upward momentum, having surged over 298% in the past 30 days. Technically, the asset is in a bullish framework:
Market Structure: Price action suggests the coin is in a "reaccumulation range" (between approximately $3.0–$3.5 support and $9.0–$9.5 resistance), which is a consolidation phase that often precedes a continuation of the uptrend.
Key Levels to Watch: The immediate and critical resistance to break is the $9.0–$9.5 zone.
A decisive break and close abov
e this area could trigger the next major move, with targets extending toward $15–$16 and eventually the $23–$24 range.
On the downside, major support sits at $5.5–$6.0, and a loss of this level could signal an extended consolidation period.
Indicator Consensus: Multiple technical analysis sources signal strong buying pressure. An aggregate technical rating shows a Strong Buy, with particularly strong signals on daily and 4-hour timeframes.
However, the Relative Strength Index (RSI) is in overbought territory, indicating a near-term correction or pullback is possible before further gains.
💡 Short-Term Trading Scenario
For active traders, the most probable setup involves a test of the $9.0–$9.5 resistance. A confirmed breakout above this zone, supported by high volume, could validate a long entry targeting $15.
An ideal, lower-risk long entry would be on a pullback to the $5.5–$6.0 support area, provided the price holds above it and shows signs of reversal. Always use a stop-loss below your entry support level.
🔭 Long-Term Price Projections
Long-term price predictions are inherently speculative but provide a framework based on growth models. Major platforms like Kraken, MEXC, and Coinbase project moderate, steady growth assuming a standard annual growth rate. #RİVER $RIVER
