$RIVER : Why is the Season 4 close the ballast holding back its takeoff? 🌊📉
Many investors were counting on the start of Season 5 to fuel a rally, but the market reality is different. The price of $RIVER is facing technical and fundamental pressure that could force a search for deeper lows before any real recovery.
Key points of the analysis:
The "Hangover" from S4: With the close of Season 4, the market is digesting the conversion of 200 million points into tokens. Uncertainty about whether these tokens will enter the market in a liquid form is holding back big buyers. Nobody wants to buy today what could be much cheaper tomorrow. ⚠️
Longs Cleanup Needed: Trading data shows a saturation of 71% in long positions. For the price to rise strongly, the market often "cleans" out over-leveraged traders first. This suggests a corrective move towards the liquidity resting below recent lows. 📊
Target: The Real Floor? Technically, $6.18 is a weak zone. In-depth analysis suggests the asset needs to test its low of $4.32, or even briefly break it to absorb the final panic from S4, before the "Smart Money" takes full control for S5. 📉🎯
Conclusion: Don’t confuse sideways movement with accumulation. In this scenario, patience is the best tool for the trader. The takeoff will come, but first, we need to shed the ballast. ⏳
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