RIVER has recently faced significant selling pressure above, and the hook-shaped chip structure shows signs of loosening. On-chain data indicates that selling volume is beginning to increase, suggesting that some investors are gradually exiting the market. The four-hour chart shows a strong resistance level, making further upward breakthroughs difficult at this stage.

From the perspective of funding rates, they have recently been declining, which usually signals a shift in market sentiment. Meanwhile, the buying support below is gradually strengthening, indicating that a bottom is forming.

Technically, the outlook leans bearish, with a short-term target around the 5 yuan level. Future movements will depend on the actions of large on-chain holders and capital inflows, both of which could be key signals for a reversal.