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RIVER is currently stuck in a delicate position — after the main upward wave, it needs to confirm whether the key support can hold.
Let's look at the fundamentals first. The project's chain abstraction narrative is indeed tightly constructed, with high capital concentration. Coupled with the current rotation of altcoins, it has the potential to become the leader. The technical aspect is more straightforward: a volume reduction and a pullback to $11.30, the previous high neckline, is practically a textbook buy signal. Most importantly, BTC is now consolidating sideways, providing RIVER with ample stage for performance.
How to operate? Very simple — buy on dips, absolutely avoid chasing highs. As long as the price stays above $10.00, all declines are just cleaning out those weak-handed retail investors.
Specifically, the $10.80 to $11.60 range is the golden zone for building positions. The first target aligns with the previous high of $14.90, and the second target looks at the technical extension level of $18.50.
Currently, this wave of movement is a typical healthy correction after a sharp rise. As long as the critical support between $10.00 and $11.30 holds, any pullback is worth entering. It is expected that in the short term, there will be a sideways movement between $11.00 and $13.50 for 24 to 48 hours, shaking out the weak-handed retail investors. Once the sentiment in the US stock and crypto markets warms up, it will surge again towards $15.00.
One last trading taboo: do not chase above $14.00; patiently wait for the "pullback support not broken" signal.