Update January 20. Technical Analysis & On-Chain Data

$RIVERUSDT - CRITICAL UPDATE: Bull Exhaustion Formed

After a crazy rally ~711% in 30 days, data shows signs of exhaustion.

📈 Technical Conditions:

· Price: ~$34.3 (+16.8% today)

· RSI (1D): >74 (HEAVY OVERBOUGHT)

· All EMAs (20,50,200) below price → strong trend but stretched.

⚠️ Concerning Derivative Data:

· Funding Rate: -0.28% (highly negative)

· Taker Buy/Sell Ratio: 1.23 (more buyers)

· Liquidation Shorts 219K vs Longs only 2.1K (crowd LONG dense)

🎯 Scenarios & Important Areas:

· Resistance: $35.00 - $36.00 (potential short area)

· Correction Support: $29.50 - $31.00 (EMA50 & prev support)

· Invalidation Short: Break & close > $36.87

🕒 Timeline: Correction may occur within the next 24 hours - 7 days.

✅ Conclusion:

Short-term bias bearish for correction, but the larger trend is still bullish. Avoid FOMO long here. Wait for a pullback to support or confirmation of rejection at resistance.

Probability:

60% correction → 25% continue rally → 15% major reversal.

#RİVER #RIVER上线 #RIVERUSDT #RIVERUSDT永续 #RIVERUSD #Crypto #Trading #Bitcoin #Altseason

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