Recently, RIVER's 4-hour chart movement has been quite interesting. The price surged to 6.077 and then started to turn around, now stuck at 5.759, which is exactly the previous resistance zone. The technical indicators have shown several weak signals worth paying attention to.



Looking at some details: the MACD red histogram is shrinking, and DIF and DEA are about to form a death cross, indicating that the upward momentum is weakening. Regarding moving averages, EMA7 was originally a short-term support, but after the price surged, it failed to stabilize, and the short-term moving averages are beginning to weaken.

The trading volume is also intriguing — although the 24-hour volume reached around 100 million USD, there was no accompanying increase during the price surge, suggesting that the rally may lack sustained momentum. The most critical point is the 6.0 integer level, which has become a strong resistance. Multiple attempts to break through have failed, and sell orders have accumulated quite noticeably.

From a technical perspective, the current price around 5.8 can be considered for a light position to anticipate a pullback. Set a risk control point near the previous high of 6.2, and pay attention to the 5.1-4.8 range below, which theoretically offers a 10%-15% correction space.

A reminder: this type of trading involves leverage, so position control and stop-loss settings are crucial; do not take it lightly.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BankruptcyArtistvip
· 14h ago
When the death cross appears, you immediately know whether it's happening. RIVER might be headed for further decline...
View OriginalReply0
RiddleMastervip
· 15h ago
It's the old trick of a death cross again. The 6-dollar threshold really can't be broken through, feels like it's about to collapse.
View OriginalReply0
AirdropChaservip
· 15h ago
The selling pressure is so fierce, 6 dollars is really a hurdle. It seems like a pullback is necessary.
View OriginalReply0
GamefiGreenievip
· 15h ago
The death cross is coming soon. The 6-dollar mark is really tough; it feels like just a trap order.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)