$RIVER dumped over 40% today and is now hovering just above 18$, fam.
I said I’d drop a full breakdown earlier — got caught up with work — but here’s the real reason behind this brutal move, both technically and fundamentally.
So Firstly Technical Breakdown
RIVER went on a parabolic run from sub-20$ to near 90$ with zero proper base. That’s not accumulation — that’s momentum chasing.
•Once 48$ failed, structure cracked.
•Then 38$ broke — trend flipped fully bearish.
•Loss of 28$ created a liquidity vacuum.
•After that, it was pure liquidation fuel.
Heavy open interest near the top + weak bids below =
➡️ cascading long liquidations
➡️ forced selling
➡️ accelerated downside
Textbook overextension reset.
Fundamental Reality
•Price ran way ahead of value.
•No strong adoption metrics.
•No sustainable revenue flow.
•No major catalyst to justify that valuation.
Smart money used hype as exit liquidity.
Once selling started, there were no real buyers left to defend levels.
Final Word Or the conclusion for all of this is Simple
•This wasn’t a “black swan.”
•This was leverage + hype + weak fundamentals colliding.
Structure broke → reset was inevitable.
This isn’t the end — it’s the cleanup phase.
But If you are stuck in Long Don't worry liquidations are accumulated and we can witness another mover toward a high... That's almost the bottom...
Market doesn’t reward emotions.
It rewards patience and structure.
If you understand this Drop a "LIKE" ...
and in case of confusion just comment below..