Technical Analysis of RIVER Token (Current Price: $85.35)
$RIVER a strong bullish trend on the 1-hour (and likely higher) timeframe, with a recent sharp parabolic rise. 
Current Price: $85.35 (up +35.29% in the recent period shown).
Bollinger Bands (20, 2):
Upper Band: $88.52
Middle Band (20-period SMA): $76.56
Lower Band: $64.59
The price is hugging the upper band and has broken above it in the latest candles, indicating strong upward momentum and potential overextension (classic sign of a parabolic move).
Trend: Clear uptrend with higher highs and higher lows. The yellow middle band (SMA) is sloping sharply upward, confirming the bullish structure.
Recent Price Action:
Strong green candles dominating the recent period.
A vertical spike (green line) to around $107 (likely a wick or high), followed by a pullback to current levels.
Price is trading near the recent high of $85.10 (labeled on chart).
Williams %R (14): -55.50 (in the oversold territory, but during a strong uptrend, this can signal temporary weakness or continuation after brief consolidation; not extremely oversold yet).
Other Indicators (from chart bottom): Williams %R histogram shows fluctuating but overall recovering from lows, with recent bars moving toward neutral/positive.
Support/Resistance Levels (derived from chart):
Immediate Support: Around $76.56 (middle BB) and $71.59 (previous swing low area).
Major Support: $64.59 (lower BB) and $59.44.
Resistance: $88.52 (upper BB), then $97 (previous high zone), and $107 (all-time high wick).
Market Context: Market Cap $1.67B, FDV $8.54B (high FDV suggests significant future unlocks/dilution risk), On-chain Holders 25,145, Liquidity $2.12M (relatively low for the cap, indicating potential volatility).
Trade Setup (Bullish Continuation – Exact Figures)
Bias: Strongly bullish (parabolic uptrend, price above all key moving averages and upper Bollinger Band).
Recommended Setup: Long (Buy) with pullback entry (safer than chasing the top).
Entry Zone: $82–$84 (pullback to near the middle Bollinger Band or recent swing low around $80–$82 for better risk-reward).
Stop Loss: Below $76.56 (middle BB) or more conservatively $74.00 (to account for volatility) → Risk ≈ 8–10% from entry.
Take Profit Targets:
TP1: $88.52 (upper BB / next resistance) → +4–6% from entry.
TP2: $97.00 (previous high area) → +15–18%.
TP3: $107.00 (recent spike high) → +28–30%.
Risk-Reward Ratio: 1:2 to 1:4 depending on which TP you target.
Alternative (Aggressive): Breakout long above $88.52 with stop below $85.00, targeting $100+.
Bearish Scenario (if breaks down): If price closes below $76.56 (middle BB), it could signal exhaustion → potential drop to $64–$71 support zone. #River #ALPHA
Note: This is a high-volatility meme/DeFi token with parabolic behavior. Use proper risk management (e.g., 1–2% of capital per trade). Always DYOR, as crypto markets can reverse quickly due to low liquidity and potential unlocks.