RIVER price prediction: Why its next move hinges on liquidity at $25
Journalist
Posted:
Earlier this week, AMBCrypto reported that River [RIVER] might see additional short-term beneficial properties. The cross-chain liquidity protocol’s token reached $23, as AMBCrypto forecast, however there was potential for extra short-term beneficial properties.
After reaching a excessive of $24.2 on Thursday, the twelfth of February, RIVER has receded by 18.9% to $19.62. Nevertheless, this brush of the $24 provide zone was an attention-grabbing improvement for merchants.
The short-term bullish case for RIVER
Supply: RIVER/USDT on TradingView
The 1-day swing construction was bearish. The $16.1 swing low had been breached, and the longer-term bias was now bearish. This timeframe’s MACD fell beneath the zero line to sign downward momentum over the previous two weeks.
The CMF was at a particularly low worth of -0.36 to focus on heavy capital flows out of the market. Mixed with the bearish construction, it knowledgeable merchants to look at for a bearish continuation.
But, throughout its slide from all-time highs, RIVER left behind imbalances on the 1-day timeframe. Highlighted in white, these areas at $26-$33 and $35-$40 represented provide zones which might be more likely to get tagged within the coming days.
The liquidation heatmap confirmed pockets of liquidity close by. The closest ones to the present market worth had been at $15 and $25, and roughly equal within the magnitude of liquidations.
Given the upward momentum that RIVER has exhibited over the previous week with its 55.2% bounce, it was attainable that the transfer would prolong increased. Past $25, the $33 and $37.7 ranges had been additionally notable liquidity clusters.
Merchants, be careful for a rejection
Robust capital outflows, as highlighted by the CMF, demand consideration. Though final week’s beneficial properties turned the decrease‑timeframe construction and momentum bullish, that power might not final.
Merchants ought to deal with the imbalances and magnetic zones overhead as provide areas the place promoting stress on RIVER is more likely to emerge.
Closing Ideas
- River has rallied 55% in per week, however the quantity indicator warned of holders promoting into the rally.
- It was dangerous to purchase this extraordinarily unstable asset, which rallied 660% in below three weeks and retraced the whole transfer per week later.
Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and selling, or different sorts of recommendation and is solely the author’s opinion
