$RIVER has been showing intense volatility lately. After the recent token unlock of approx. $27M on March 23, we’ve seen some predictable sell pressure, but the chart is telling an interesting story.
The Technicals:
The $15 Floor: This level is acting as a "line in the sand." If $RIVER holds this support, a bounce back toward the $20 resistance (The Iron Floor) is highly likely.
Derivatives Surge: We are seeing a massive spike in Open Interest (OI), suggesting that whales are positioning themselves for the next big move.
Volume Check: Spot volume remains healthy despite the correction, indicating strong accumulation by long-term holders.
My Take: The "Unlock FUD" usually creates a perfect entry point for those who missed the initial pump. Watch the 4H candle close carefully!
Not financial advice. DYOR!
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