🔻 $RIVER Down 29% Capitulation or Deeper Correction?
$RIVER is currently trading around $9.06, down nearly 30%, after rejecting the major high near $24.24.
From euphoria to exhaustion this chart tells a story.
📊 Key observations:
• Massive decline from $24 → $9
• Continuous lower highs & lower lows (clear downtrend)
• 4H structure still bearish
• Recent low printed at $8.92
• Market Cap: $432M
• FDV: $906M (large unlock overhang risk)
This isn’t just a dip, it’s a sustained distribution phase.
The trend hasn’t reversed yet.
Right now, the market is asking one question:
👉 Is $8.90 a short-term bottom or just a pause before $7–$6?
What I’m watching:
• Any bullish divergence on lower timeframes
• Volume spike with strong green close
• Reclaim of $10.50–$11 zone
• Broader BTC stability
Until $RIVER breaks the lower-high structure, rallies are likely relief bounces.
Smart money doesn’t catch falling knives. They wait for structure shifts.
If we see consolidation above $9 with absorption of sell pressure, that could be the first signal.
For now? Trend = down.
Are you accumulating at fear levels or staying sidelined?