$RIVER 24-hour high confirmed.
24h +23.8%, current price 1.165, previous high 1.149.
Structurally, a new high means there’s less overhead supply from holders stuck at higher prices, so short-term resistance is relatively low. However, if it quickly falls back below the previous high, watch out for a bull trap. Do you think the market has overreacted?
24h +23.8%, current price 1.165, previous high 1.149.
Structurally, a new high means there’s less overhead supply from holders stuck at higher prices, so short-term resistance is relatively low. However, if it quickly falls back below the previous high, watch out for a bull trap. Do you think the market has overreacted?