Current Price Action #RİVER
The Price: Currently sitting at $48, down about 33.40%.
Support & Resistance: It recently hit a low of $43.75. That’s your immediate "floor." If it breaks below that, we could see another leg down. On the flip side, it needs to reclaim $50 to show any signs of a local recovery.
The Moving Averages (EMA)
The EMAs are currently acting as "overhead resistance," meaning they are pushing the price down:
EMA(7) - Yellow: $48.66 (Price is just below this, struggling to stay above).
EMA(25) - Pink: $53.42.
EMA(99) - Purple: $60.35.
The fact that the yellow line is below the pink and purple lines confirms a strong bearish trend on this 1-hour timeframe.
Key Indicators
RSI(6): It’s at 37.57. This is getting close to the "oversold" territory (typically under 30). This suggests the selling pressure might be exhausting soon, which could lead to a small "relief bounce," but it's not a guaranteed reversal.
Liquidity vs. FDV: The On-chain Liquidity is $1.91M, while the Fully Diluted Valuation (FDV) is a massive $4.80B. This is a huge gap, which often suggests there might be significant sell pressure from unlocked tokens in the future.
Summary
The trend is currently bearish. The price is "bleeding" out, and until it can stabilize above the $50 mark and turn that yellow EMA line upward, it's risky to assume a bottom is in#Mag7Earnings $RIVER
