$RIVER is trading at 15.984, showing a growth of +16% over the last 24 hours. Meanwhile, the RSI (24h) = 41.9, indicating a neutral-weak zone and the absence of overbought conditions. Such an imbalance – price increase without overheated indicators – often points to an accumulation phase and preparation for a stronger move.
📉 Technical picture
After the impulse rise, the price entered consolidation. The key support zone is located around 15.3–15.6, where stable demand previously appeared. Resistance is at 16.8–17.4, its breakthrough may trigger acceleration. Volumes remain moderate, confirming the market's wait-and-see position.
🐂 Bullish scenario
If holding above 15.5 and consolidating above 16.8, further growth is likely.
• Entry: $RIVER 16.0–16.5
• TP: 17.8 / 19.2
• SL: 2–4% of the entry point
A rise in RSI above 50 will strengthen the bullish momentum.
🐻 Bearish scenario
The loss of support at 15.3 may lead to a correction.
• Entry: upon consolidation $RIVER below 15.2
• TP: 14.4 / 13.8
• SL: 3–5%
⚠️ Risk management
Work with a small % of the deposit and as the price moves, move the SL to breakeven — this is the key to stability.
💬 Write in the comments what scenario for RIVER you consider a priority.
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