📌 RIVER/USDT: Short-Term Correction After Strong Rally — Key Levels to Watch
RIVER/USDT saw a notable rally from around 13.0 to a 24-hour high of 21.34, demonstrating strong buyer momentum. However, the market has entered a short-term correction, pulling back toward key dynamic support levels.
At the time of writing, RIVER is trading around 18.27, just above the EMA(99) at 18.08, which currently acts as important support. Shorter-term exponential moving averages, like the EMA(25), are above price, showing some short-term bearish pressure amid profit-taking.
📊 Technical Indicators
StochRSI near oversold levels (~23) — suggesting the potential for a short-term bounce soon.
On-Balance Volume (OBV) shows modest selling pressure, but not a heavy exit scenario.
📍 Support Levels
18.00 – 18.08 (dynamic support area)
17.50 — secondary support zone
16.45 — recent daily low that could act as stronger support
📍 Resistance Levels
18.75 — first resistance (short-term EMA)
19.50 — psychological resistance
21.30 — recent swing high
📈 Market Outlook RIVER remains in a broader uptrend but is currently undergoing a pullback. If the 18.00 support holds, a rebound toward 18.75–19.50 could develop. Traders should look for confirmation above the short-term EMA before considering long entries. A break below 18.00 could open the door to deeper correction toward 17.50.
💡 Trading Tips
Wait for a safe breakout above 18.75 for long entries
Use tight risk management with stops below 18.00
Avoid entering too early during volatile pullbacks
👉 RIVER’s recent price action shows disciplined profit-taking and a healthy correction — often a sign of consolidation before the next move. Always consider market conditions and protect capital with sound risk rules.
#Crypto #TechnicalAnalysis #BinanceSquare #Altcoins