Is $RIVER Gearing Up for a Major Rebound? 🚀
The charts are looking interesting for $RIVER today! After a period of cooling off from its January highs, we are seeing a solid 10.57% bounce in the last hour.
Key Technical Observations
Support Found
Price is stabilizing around the $16.00 mark after a deep correction.
MACD Signal
The MACD is showing a bullish crossover on the hourly chart (DIF 0.43 / DEA 0.14), suggesting that the selling pressure might be exhausted.
RSI Strength
Currently at 57.55, leaving plenty of room for an upward move before hitting "overbought" territory.
With strategic backing from major players like Arthur Hayes’s Maelstrom Fund, the "Chain Abstraction" narrative is still very much alive. Are you buying the dip or waiting for more confirmation?
Let me know your price targets below! 👇
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