River (RIVER) surged 25% in 24 hours, accompanied by a 42% spike in Open Interest, indicating strong speculative interest. However, spot demand remained weak, and the funding rate was negative, suggesting active short sellers. Technical analysis on the daily chart shows a bullish structure shift after RIVER broke above the $24.2 resistance. Key support is holding at $18.38, with bullish signals from the MACD and CMF indicators. Despite this, short-term momentum on lower timeframes appears bearish, with the CMF dipping below -0.05. A pullback toward $15–$17 is likely, with a deeper drop to $11 possible if Bitcoin sells off heavily. A breakout above $28.7 would confirm renewed bullish momentum. Traders are advised to watch for entries at the $15–$17 support zone or a breakout above $28.7.
ambcrypto2026.03.21




