2026-01-08 07:25:57

RIVER Trend Observation is here.

The current price is around 16.311, down 9.31% since the trend started, and the bearish momentum continues to accelerate. The candlestick has already formed 18 bars.

From a technical perspective, support levels are at 16.081, 13.943, and 11.800, while resistance is at 16.699, 17.303, and 17.800. The price is currently testing the first resistance at 16.699, but the trendline overhead is pressing at 17.216, indicating significant resistance.

The current outlook is very clear— the bearish trend remains strong. As long as the price rebounds and approaches around 17.2, consider it an opportunity to short; this is a good entry zone for bears.

The risk to watch out for is if the price suddenly gains strength and firmly stays above the trendline without turning back, then the outlook must change. This would break the current downtrend structure, potentially reversing the bearish trend, so it's important to preemptively recognize this signal.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
Repost
Share

Comment

0/400

NeverVoteOnDAO

· 2h ago

Falling again and again, the bearish fire hasn't been extinguished yet. Those waiting to buy the dip are at 17.2.

View OriginalReply0

GamefiEscapeArtist

· 5h ago

17.2 is really a tough barrier; it gets hit hard on rebounds, it's a bit annoying.

View OriginalReply0

LiquidationWizard

· 22h ago

Falling again and again, can this RIVER really keep falling to the bottom?

View OriginalReply0

MeaninglessApe

· 22h ago

Still falling again, this time RIVER really hurts a bit --- The short opportunity at 17.2 is indeed good, just worried about a reverse smash to my face --- Where is the promised support? Feels like it's about to break at any moment --- The trendline resistance is so obvious, thinking of shorting on a rebound, idealistic and ambitious --- Only a break above 17.216 can turn the tide? Feels like the probability is so small --- The most prone to a reversal when shorts accelerate, better to be cautious --- If 16.081 can't hold, then 13.943 is next, heading straight down --- Anyway, I think this wave is uncertain, let's wait until 17.2 to see

View OriginalReply0

MEVEye

· 22h ago

It's dropping again. RIVER really is annoying; the bears are so aggressive. 17.2 is definitely a point where caution is needed. --- If it rebounds at 17.2, I'll go short. This trend can't break down this time, or it would be surprising. --- Oh my, are we going to watch 17.216 again? It seems like every time, the price gets stuck at this level. When will it truly break through? --- The bears are still accelerating, but I'm a bit worried that there might be a sudden reversal this time. The risk points are right. --- I'm tired of seeing prices starting with 16. Either it keeps falling or it surges sharply. Can't it be less frustrating? --- Damn, I have to wait at 17.2 for a rebound opportunity again. It might just be a false alarm.

View OriginalReply0

DoomCanister

· 22h ago

Another short-seller bait? Try 17.2 to see if it can break through in the opposite direction. Don't just talk about obvious resistance; the market will decide.

View OriginalReply0

FarmHopper