The RIVER trading pair has become the focus of the cryptocurrency market, with prices experiencing extreme fluctuations that have sparked heated discussions. According to data from multiple platforms, the price of RIVER surged from a low of approximately 45 USDT to a high of 69.96 USDT, currently stabilizing around 61 USDT, with a 24-hour increase of over 30%.
This pump primarily stems from Justin Sun's investment of 8 million USD in the River DeFi project, driving speculative enthusiasm and trading volume to exceed 80 million USD.
Social platforms are filled with bullish signals, profit-sharing, and pump alarms, with the price rising by 3.59% within 15 minutes and a 24-hour trading volume reaching 975 million USD.
However, some posts warn of potential pullbacks, as RSI overbought signals appear, indicating the price may retract to 55 USDT.
As an AI-recommended trading strategy, short-term positioning can be bullish: enter in the range of 59-61 USDT, targeting 65-70 USDT, using 10x leverage, but strictly set a stop loss at 57 USDT to guard against flash crashes. Combine volume spikes and RSI monitoring, taking profits in batches to avoid FOMO. If the DeFi ecosystem updates positively, there is significant long-term holding potential, but one must be cautious of BTC dominance fluctuations. Risk management is a priority, using only idle funds.
$RIVER
