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$RIVER has recently dropped quite sharply, and there are widespread complaints in the community. Many people believe that the whales are causing trouble, with capital outflows intensifying, and the confidence of the bulls has been completely shattered. Investors have suffered heavy losses, but some smart traders have made a profit through shorting.
From a candlestick perspective, the situation is indeed not very good. Support levels are being broken one after another, and liquidity is starting to deteriorate. Currently, the market is filled with a pessimistic atmosphere, with everyone watching to see if the decline will continue.
📊 Technical data reference:
Current price: 19.66 USDT
🟢 Support level: 20.255 (about 3.51% above the current price)
🔴 Resistance level: 22.719 (about 8.23% above the current price)
Resistance zone: 22.6-22.719
In the short term, caution is still advised regarding the downside risk.