RIVER is showing a strong recovery structure after a sharp downside move, with momentum shifting back in favor of buyers.
• Price is holding around 12.40 USDT, up ~9.2% on the day, bouncing aggressively from the 10.11 low.
• The move reached a high of 12.72, where a slight pullback is now forming — indicating profit-taking rather than weakness.
• Trading activity is elevated, with $183.8M USDT) in volume, confirming strong participation during the rebound.
• On the 1-hour timeframe, price is trading above EMA(9) (11.92) and EMA(15) (11.67), with a clear bullish crossover — signaling a shift in short-term momentum.
• Immediate support sits around 11.90, while a stronger base may form near the 11.10 – 11.40 zone. Resistance remains at 12.72, the recent high.
Overall, RIVER is in a recovery-to-continuation phase. Momentum is strong, but the current pullback suggests the market may consolidate before attempting another breakout. As long as price holds above the EMA zone, the structure remains constructive.
