$RIVER 🚨 Update
📉 Technical View (from your chart)
1️⃣ Lower High Pattern
The red line you drew shows:
Price making lower highs
Momentum weakening after the $24.7 top
This is a typical short-term bearish structure.
2️⃣ Moving Average Signals
On your chart:
MA(7) is dropping
Price is near MA(99) support
When price falls below short MA and retests long MA, the market usually:
Either bounces strongly
Or breaks and dumps
Right now price is around $22.9, which is close to this support.
⚠️ Key Levels to Watch
Resistance
$23.7
$24.7 (major rejection zone)
Support
$22.6
$22.0
$20.8 (strong support)
If $22 breaks, your bearish expectation toward $21–$20.8 becomes realistic.
📊 Market Context
The token previously reached an all-time high near $87, showing extreme volatility.
Circulating supply is relatively small (~19.6M tokens), which can cause fast pumps and dumps from whales.
That means fake breakdowns and short squeezes are common.
📉 Possible Scenario
Bearish Case
Break $22.6
Targets: $22 → $21 → $20.8
Bullish Trap
Bounce from MA99
Return to $23.8 – $24
✅ Conclusion:
Your chart idea of short-term bearish movement is reasonable, but the $22 support is critical. If it holds, the market may bounce instead of dumping.
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