$RIVER USDT Strong Rally Under Review | Momentum Meets Resistance
RIVERUSDT has delivered an impressive move, currently trading near 17.62 USDT, up more than 33 percent in the last 24 hours. The chart clearly shows a strong bullish impulse followed by a small pullback, which is a healthy sign after such an aggressive rally.
Technical Analysis
Resistance: 18.50 to 19.00
Price faced rejection near the 24h high zone. This area is now a key resistance where sellers may continue to appear.
Support: 16.80 to 17.00, then 15.50
The previous breakout zone around 17 looks important. As long as price holds above it, structure remains bullish.
Indicators Insight
RSI: Likely in overbought territory after the sharp move, which explains the current pullback. Cooling down here would be healthy for continuation.
MACD: Strong bullish momentum, but histogram may start flattening, suggesting short-term consolidation.
Moving Averages: Price is trading well above short-term and mid-term averages, confirming trend strength.
Market Sentiment
The overall sentiment is Bullish, but short-term it is entering a consolidation phase. Yeh classic post-pump behavior hai, jahan market thora sa rest leti hai before next move.
Strategy
Best approach right now is Wait. Chasing at resistance is risky. A safer entry would be on a pullback toward the 17.00 to 16.80 support zone with confirmation. If price breaks and holds above 18.50, continuation traders can look for momentum entries with strict risk management.
Do you think RIVERUSDT will continue this rally or is a deeper pullback coming next?
Disclaimer: Not Financial Advice. Always do your own research and manage your risk.
$RIVER
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