From a price action perspective, the market initially experienced a bearish move, forming a series of red candles that pushed the price down toward the 10.80–10.85 support zone. This level acted as a strong demand area, where buyers absorbed selling pressure and initiated a reversal. Following this, multiple consecutive green candles appeared, confirming a short-term bullish momentum.
Looking at the Parabolic SAR (0.02, 0.2) indicator, the dots have shifted below the price after the bottom formation, signaling a trend reversal from bearish to bullish. This is typically considered a positive sign for short-term traders, suggesting that upward momentum may continue if the structure holds.
The MACD indicator further supports this bullish bias. The MACD line (DIF) has crossed above the signal line (DEA), and the histogram has turned positive. This crossover indicates increasing buying pressure and a possible continuation of the upward move. However, the histogram bars are still relatively small, which suggests that the momentum is building but not yet very strong.
In terms of resistance levels, the immediate resistance lies around 11.40–11.45, where the previous rejection occurred. If the price successfully breaks above this level with strong volume, it could open the door for a move toward the 11.50–11.90 zone, which aligns with the recent 24-hour high.
On the downside, support is clearly established near 11.00, followed by a stronger support zone at 10.80–10.85. A break below these levels could invalidate the bullish structure and lead to another bearish wave.
Volume analysis shows a spike during the recovery phase, indicating genuine buying interest rather than a weak bounce. However, recent candles show slightly reduced volume, which suggests that the market might enter a short consolidation phase before the next move.
Conclusion: RIVER/USDT is currently in a short-term bullish recovery phase, supported by indicators like SAR and MACD. As long as the price holds above the 11.00 support, the bias remains bullish. A breakout above 11.45 could trigger further upside momentum, while failure to hold support may result in consolidation or a minor pullback.
Trade Idea (Optional):
Entry: Around 11.10 – 11.25
Target: 11.45 – 11.80
Stop Loss: Below 10.90
