$RIVER 📊 Analysis of RIVER currency over the next 24 hours
The current price of RIVER is trading near $17.72 after a downward correction from the recent peak at $21.90. The short-term timeframe shows continued selling pressure with attempts for the price to stabilize near an important support area.
🔹 Support Areas:
$17.50 close support that the price is trying to hold
$17.00 strong support in case the decline continues
$16.50 major support area that may attract buyers
🔸 Resistance Areas:
$18.30 first short-term resistance
$19.00 important psychological resistance
$20.00 strong resistance in case of a return of upward momentum
📈 Bullish Scenario:
If the price manages to break $18.30 and hold above it, we may see a rise towards $19 - $20 in the coming hours.
📉 Bearish Scenario:
Breaking the $17.50 level could push the price to test $17 and possibly $16.50 before any rebound.
⚡ Expectation over 24 hours:
Volatility is expected to continue between $17 and $18.5 while waiting for new liquidity to determine the upcoming direction.
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